Statutory Compliance

Statutory compliance in HR refers to the legal framework within which organizations must operate while dealing with their employees. Every country has several hundreds of federal and state labour laws that companies need to align with. This list is forever being added to. A lot of your company’s effort and money goes into ensuring compliance to these laws which could deal with a range of issues; from the payment of minimum wages to maternity benefits or professional taxes. Therefore, dealing with statutory compliance requires for companies to be well-versed with the various labor regulations in their country of operation.

Your benefits

We speak about compliance mostly by associating with companies. For example, companies are supposed to have a number of compliance fulfillments like Annual Compliance, Tax Compliance, HR Compliance etc. Statutory compliance is one of the most complex tasks in corporate world and in countries like India, HR Compliance itself is a big challenge. Hundreds of legislations, rules specific to central and state governments, various registers and returns, fines and legal action for non-compliance and other formalities make the word statutory compliance a nightmare for many business owners.

• Registrations / Renewal/ Labour Licenses
• Employee’s registration in EPF, ESIC & LWF
• Generation of Monthly Challan & ECR of EPF & ESIC , LWF, P.Tax
• Returns: Monthly & Periodically ,Payment of wages Act, Bonus Act, Minimum Wages Act, Maternity Benefit Act, Employment Exchange, Shop & Establishment Act etc
• Filing of Nomination & Declaration Forms for ESIC, EPF & Gratuity
• Compliances Under Contract Labour (CLRA) Act