STATUTORY COMPLIANCE SERVICES
STATUTORY COMPLIANCE SERVICES
The world of labour regulations is continuously changing, and it takes a certain level of agility to stay on top of all the newest developments and assure legal compliance. At INVOLKS, we provide compliance services to help businesses stay safe and compliant with the law.
In order for enterprises to function successfully in India, they must adhere to all legal and statutory requirements. This frequently necessitates a large expenditure of the company’s resources, time, and ongoing monitoring to stay abreast of any developments in order to remain compliant and avoid penalties.
It’s difficult for small and mid-sized businesses to be compliant with the legal framework when the government changes the laws governing employees and employment on a frequent basis. These businesses require dependable HR compliance services from a company with years of experience in the field.
The following elements must be in place in your organisation to enable timely and efficient legislative compliance:
Unrestricted access to regional and local knowledge
During all audits and inspections, you will receive expert assistance.
Observing ethical standards
Understanding of deadlines for adhering to the numerous laws and regulations
Documents and data that have been updated and are stored in a central area and are easily accessible
As you can expect, this necessitates a significant amount of effort and financial investment on the part of the business and manpower on the part of the employees. Not every company can afford, or even wants, to devote so much time and money on statutory compliance. Nonetheless, a company’s compliance with all applicable regulations is critical.
You may ensure compliance without having to hire new staff or maintain a separate HR statutory compliance department by outsourcing statutory compliances to an experienced firm like INVOLKS Consulting. Our clients believe that our software and services are an excellent way to ensure that they are fully compliance with all statutes and labour rules.
COMPREHENSIVE COVERAGE OF LABOR LAWS
Shops and Commercial Establishments Act (S&E)
The Employees Provident Funds and Miscellaneous Provision Act – 1952 (EPF)
The Employees 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 (CLRA)
The Child Labour (Prohibition & Regulation 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 (N&FH) ACT 1963
The Employment Exchange (Compulsory Notification of Vacancies) ACT-1959
Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) ACT, 2013
The Employees Compensation ACT-1923
The Industrial Employment (Standing Orders) ACT 1946 – Model Standing Order Only
The Industrial Disputes ACT 1947
The Apprentice ACT, 1961
The Interstate Migrant Workmen (Regulation of Employment and Conditions of Services) ACT, 1979
The Factories ACT, 1948
The Trade Unions Act, 1926
We have expertise in the following areas:
Statutory compliance audit
Statutory advisory services
Statutory benefits administration
We provide on-demand service management in response to your company’s requests. Recruitment processing outsourcing may be the best option for you if you’re seeking for solutions that are tailored to your company’s capabilities.
BENEFITS OF OUTSOURCING COMPLIANCE
Our clients benefit from outsourcing HR statutory compliance management in many different ways:
Corporate governance that is sound
Increasing the emphasis on strategic business areas
A decrease in the cost of labour
Observance of all applicable statutes and labour laws on a timely basis.
All lawsuits and associated costs that may come as a result of non-compliance are avoided.
Maintain all records that are related to compliance in a complete and correct manner.
OUR SCOPE OF WORK
INVOLKS Consulting provides statutory compliance in HR services in India, covering the following under labour regulations that apply to your factory of setup as per state government laws:
Audit of Labour Law compliance
Licence application/amendment/renewal
Maintenance of statutory registers, records, notices and returns
Liaison with Factories, Labour, ESI and PF authorities
Remittance of statutory payments
Continuous monitoring of contractor compliances
Nominations under different legislations
Exemptions under labour legislations
Benefits under labour legislations
Accident coordination activities
When a customer hires us, we undertake a one-time audit prior to starting the project to analyse the present state of statutory compliance inside the organisation in accordance with the Federal and State Acts. Then we concentrate on putting together a complete audit report to send to the client. This audit will show all of the organization’s strong and weak compliance areas, as well as a clear plan for moving forward with statutory compliance. We then proceed with various operations based on the audit results and interaction with the customer to ensure that the business is fully compliant with all legislation and labour rules.
INVOLKS Consulting provides for the growing problem of complying with the continually expanding and very complicated requirements of statutory compliance for your company, regardless of its size – small, medium, or large.