Under the Industrial Dispute Act of 1947, for the closing down of a place of employment, if the establishment falls within the definition of an industry where less than 100 workmen are engaged, a prior notice has to be served to the Secretary of the Labour Department before two months. If the establishment has more than 100 workmen, then a prior notice must be served before closing down the place of employment, with a three-month notice period. The closure compensation payable to the workmen is 15 days of pay for every completed year of service.