Explanation:

The Indian Labour Conference (ILC) is the apex level tripartite consultative committee in the Ministry of Labour & Employment to advise the Government on the issues concerning working class of the country.

THE ENTIRE adjudicatory and ancillary machinery of the Industrial Disputes Act, 1947 revolves around the 'industrial dispute', as defined in section 2(k). But the expression 'industrial dispute' is a misnomer, because it does not deal with the law relating to industry as enterprise. The expression 'industrial law' with respect to an industrial enterprise would, apart from tile law relating to labour employment, comprehend other branches of law such as corporate laws and fiscal and commercial laws as well.