STATUTORY COMPLIANCE SERVICES
Statutory Compliance Services
Many organizations tend to overlook importance of statutory compliances. The lapses can lead to long run litigations. It has been observed that several organizations in India fail to comply with statutory requirements. They either do not to meet the deadlines or default on payments & contributions. We manage the compliance on your behalf and ensure your organization is 100% statutory compliant. Your organization can focus on the strategic business and leave the rest on us.
- Service Offerings.
- Registration under various Acts.
- Statutory Compliance Audit.
- Submission of Monthly, Quarterly & Annual Returns.
- Maintenance of Statutory records, registers, formats, etc. prescribed under various Acts.
Assistance and support for documentation and application under various acts. Expertise in the following Acts Covered:–
Here is a list of labour laws that need to be strictly adhered to by a corporate entity while carrying out its business.
- Shops and commercial establishments Act.
- The Employees Provident Funds and Miscellaneous Provision act – 1952(EPF).
- The Employee state Insurance corporation act – 1948(ESIC).
- The Professional Tax Act (PT) 1975.
- The Labour Welfare Fund Act (LWF) 1965.
- The Contract Labour (Regulation & Abolition) ACT – 1970
- The Child Labour (Prohibition &Abolition Act), 1986
- The Minimum Wages Act – 1948
- The Payment of Wages Act – 1936
- The Payment of Bonus Act – 1965
- The Maternity Benefit Act – 1961
- The Payment of Gratuity Act – 1972
- The Equal Remuneration Act – 1976
- The Industrial Establishment Act – 1963
- The Employment Exchange Act – 1959
- Sexual Harassment of Women at Workplace Act – 2013
- The Employees Compensation Act – 1923
- The Industrial Employment Act – 1946
- The Industrial Disputes Act, 1947
- The Apprentice Act – 1961
- The interstate Migrant Workmen Act, 1979
- The Factories Act, 1948
- The trade unions act, 1926
STATUTORY COMPLIANCE SERVICES BROADLY FALLS INTO THREE MAJOR CATEGORIES SUCH AS
1. Statutory Compliance Audit.
2. Statutory Advisory Services.
3. Provide you with consolidated reports
4. Statutory benefits administration.
STATUTORY COMPLIANCE OUTSOURCING
There are so many benefits of Statutory Compliance Management. Some of these are:
1. Good corporate governance.
2. Increase in focus on Strategic business areas.
3. Reduction in labour overheads.
4. Compliance and adherence to different labour laws.
5. Avoidance of extra costs that may arise out of non-compliance.
6. Maintenance of all the records that is relevant to compliance.
SCOPE OF WORK
The scope of work in Statutory Compliance Management is simply very vast. Here is the list of services that you can
expect from your Statutory Compliance Management Vendor that will cover the labour laws compliance applicable
to your factory or establishment.
1. Auditing Labour Law Compliance.
2. License Application/ Amendment/ renewal.
3. Maintenance of Statutory records and returns.
4. Liaison with Factories, Labour, ESI and PF authorities.
5. Remittance of statutory payments.
6. Continuous monitoring of contractor compliances.
7. Nominations under different legislation.
8. Benefits of labour legislation.
9. Accident Coordination activities.
