Enumerate the various classes of employees and establishments to which the provisions of Chapter IV (Payment of Bonus) do not apply, as mandated by Section 41 of the Code on Wages, 2019.

Section 41 of the Code on Wages, 2019 provides for non-applicability of bonus provisions to certain categories of employees and establishments. It is provided that, nothing in this Chapter (Chapter IV - Payment of Bonus) shall apply to-- employees employed by the Life Insurance Corporation of India; seamen as defined in clause (42) of section 3 of the Merchant Shipping Act, 1958; employees registered or listed under any scheme made under the Dock Workers (Regulation of Employment) Act, 1948, and employed by registered or listed employers; employees employed by an establishment under the authority of any department of the Central Government or a State Government or a local authority; employees employed by-- the Indian Red Cross Society or any other institution of a like nature including its branches; universities and other educational institutions; institutions including hospitals, chamber of commerce and social welfare institutions established not for purposes of profit; employees employed by the Reserve Bank of India; employees employed by public sector financial institution other than a banking company, which the Central Government may, by notification, specify, having regard to-- its capital structure; its objectives and the nature of its activities; the nature and extent of financial assistance or any concession given to it by the Government; and any other relevant factor; employees employed by inland water transport establishments operating on routes passing through any other country; and employees of any other establishment which the appropriate Government may, by notification, exempt having regard to the overall benefits under any other scheme of profit sharing available in such establishments to the employees.