is there any dedicated low/Act or rules for Leaves like PL/CL/SL/ML etc.? which are minimum leaves as per law? where is the govt. guideline about leaves?
From India
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If the establishment comes under a factory, EL's are as per the Factories Act, and national and festival holidays are as per the National and Festival Holidays Act, which are announced by the Labour Department from time to time.

Remaining leaves are as per the custom and tradition.

GK HR

From India, Mumbai
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EL/PL - Section 79 under the Factories Act, 1948. EL/PL is calculated as 1 day of leave for every 20 days worked. This is leave that you earn after working for 20 days. A person earns it, and it accumulates. He can avail it only in the next year or after working for 240 days.

CL - Most of the states grant 12 days per annum (it may slightly vary from state to state).

SL - Most of the states grant 12 days per annum (it may slightly vary from state to state).

Holiday - The National and Festival Holiday Act is applicable to all establishments in the country, irrespective of the law under which they are formed. It is mandatory to grant leave on the following 3 days: 26th January (Republic Day), 15th August (Independence Day), and 2nd October (Gandhi Jayanthi). For the rest of the festival holidays, the declaration depends on the discretion of the concerned states and establishments. The number of festive holidays can differ from state to state.

For example, in Karnataka - apart from the above 3 holidays, there are five other holidays each of one whole day for such festivals as the employer may specify, from the list of festivals specified in the Schedule appended to this Act in consultation with the trade unions, or in the absence of any trade union, in consultation with the employees or their authorized representatives in such a manner as may be prescribed.

For Orissa - one whole day on the 26th January, 1st May, 15th August, and 2nd October, and four other holidays.

For Pondicherry - 26th Jan, 15th Aug, 16th Aug, and 2nd Oct, and four other holidays.

From India, Vellore
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