The Children (Pledging of Labour) Act, 1933 has been enacted with a view to prohibit the making of agreements to pledge the labour of children and the employment of children whose labour has been pledged.
Any agreement which is not harmful and prejudicious to the child and has been made in consideration of any benefit, though other than the means of reasonable wages, in lieu of the services rendered by the child, and is terminable at not more than a week's notice, shall not be deemed to be illegal under the Act.
Any agreement by which a parent or guardian of a child pledges his labour and services against consideration or the benefits to be received in lieu thereof, shall be null and void.
Penalty for parent or guardian making agreement to pledge the labour of a child is a fine upto Rs.50. Penalty for making with a parent or guardian an agreement to pledge the labour of a child is a fine upto Rs.200 and Penalty for employing a child whose labour has been pledged is a fine upto Rs. 200.
