(1) Where the Commissioner is satisfied that an industrial dispute exists in any industry or where he apprehends an industrial dispute in any industry, he may- (a) if arrangements for the settlement of disputes in that industry have been made in pursuance of any agreement between organizations representative respectively of employers and workmen engaged in that industry, cause the industrial dispute to be referred for settlement by means of such arrangements, or (b) endeavour to settle the industrial dispute by conciliation, or (c) refer the industrial dispute to an, authorized officer for settlement by conciliation, or [ 2, 62 of 1957] [ [3,4 of 1952] (d) if the parties to the industrial dispute or their representatives consent, refer that dispute, by an order in writing, for settlement by arbitration to an arbitrator nominated jointly by such parties or representatives, or in the absence of such nomination, to an arbitrator or body of arbitrators appointed by the Commissioner or to a labour tribunal. [ 3,4 of 1962] (2) A body of arbitrators appointed under para- graph (d) of subsection (1) shall consist of- (a) a person nominated by the employers, (b) a person nominated by the workmen, and (c) a person nominated as Chairman jointly by the employers and workmen, or, in the absence of such nomination, by the Commissioner. The opinion on any matter of the majority of the members of a body of arbitrators shall be deemed to be the opinion of that body on that matter. (3) Where an industrial dispute is not settled in consequence of action taken by the Commissioner under any of the paragraphs (a), (b), (c) and (d) of subsection (1), he may, if he considers it expedient to do so, take action, as often as he considers it necessary so to do, in respect of that dispute under any of those paragraphs.