Step 1: Understanding the Concept:
The Industrial Disputes Act, 1947, is a cornerstone of Indian labour law. It provides a framework for the investigation and settlement of industrial disputes and for preventing disruptions to industrial production and harmony.
Step 2: Detailed Explanation:
The objectives of the Industrial Disputes Act are broad and multifaceted, as reflected in its preamble and various provisions. Let's analyze the options:
- (A) Industrial peace and economic justice: This is a primary goal. The Act aims to prevent industrial strife and ensure that workers receive fair treatment and a just share in the fruits of production.
- (B) To create harmonious relations: The Act encourages collective bargaining and provides mechanisms like Works Committees to promote amity and good relations between employers and workmen.
- (C) To prevent illegal strikes or lockouts: The Act lays down specific conditions and procedures that must be followed before a strike or lockout can be considered legal. Its aim is to prevent sudden and illegal work stoppages that harm the economy and public interest.
Since all the listed options are well-recognized objectives of the Act, the correct answer is (D).
Step 3: Final Answer:
The Industrial Disputes Act, 1947, aims to secure industrial peace and economic justice, foster harmonious employer-employee relations, and prevent illegal strikes and lockouts.