Whether private companies have any right to terminate employees without notice?

I would like to know is a Private company have rights to terminate there employ with out any notice ??? and could you please tell me the procedures of a termination

Answer:  If the company comes under the definition of industry under section 2(j) of ID Act, no retrenchment of worken/employee can be done without adherence to the procedure laid down for retrenchment as per Kerala Industrial Dispute rules.