(1) A settlement arrived at in the course of conciliation proceedings or otherwise, shall be in Form H.
(2) The settlement shall be signed by--
(a) in the case of an employer, by the employer himself, or by his authorized agent, or when the employer is an incorporated Company, or other body corporate, by the agent, manager or other principal officer of the corporation;
(b) in the case of workmen;
(c) 10[in the case of workman in an individual dispute under Section 2-A by workman concerned or y an officer of the trade union of which he is a member or by another workman in the same establishment duly authorized by him in this behalf]
(i) The President and Secretary of a Trade Union of workmen; or
(ii) The President, Vice-President, Secretary of General Secretary of the Trade Union of workmen and workmen preferably one of the aggrieved workmen; or
(iii) Five representatives of the workmen duly authorized in this behalf at a meeting of the workmen held for the purpose.
(3) Where the settlement is arrived at in the course of conciliation proceeding the Conciliation Officer shall send a report thereof to the State Government together with a copy of the memorandum of settlement signed by the parties to the dispute.
(4) Where a settlement is arrived at between an employer and his workmen otherwise than in the course of conciliation proceedings before a Board or a Conciliation Officer, the parties to the settlement shall jointly send a copy thereof, to the State Government, the Labour Commissioner, Punjab and to the Conciliation Officer concerned.