An industrial establishment, not of a seasonal character, employed, on average, 280 workers per working day in the preceding twelve months. It proposes to retrench 40 workers, each with continuous service of more than one year. Which one of the following correctly states the requirements?

Chapter X of the Code (sections 77 to 80) - carrying three months' notice, the prior permission of the appropriate Government and the sixty-day deemed-permission rule - applies only to an industrial establishment in which not fewer than three hundred workers were employed on an average per working day in the preceding twelve months. With 280 workers, the establishment is outside it, and retrenchment is governed by section 70 alone: one month's notice or pay in lieu, compensation equivalent to fifteen days' average pay for every completed year of continuous service or part in excess of six months, and service of notice on the appropriate Government. Option (d) revives the old hundred-workmen figure, which the Code does not retain; (e) omits the section 70(c) notice.