Statutory Compliance Audit

Our goal is to set the gold standard when it comes to Compliance. ”

Statutory Compliance relates to the various labour laws prevalent in India.
These laws change on a State and National level, and it is mandatory for companies to obey them.
Non-Compliance can be the basis for financial and reputational risks for organizations.
Non-compliance with these regulations can land a company into legal trouble such as penalties, fines, or worse.
Any organization that hires employees or workers and pays them salary or wages must comply with labour laws with regards to monetary compensation, payment of taxes, protection and safety of employees, and fairness of labour.

Evaluation of client’s statutory compliance records such as Registrations, License, Registers, Periodical Returns & Renewals.
Evaluation of any associated vendor statutory record.
Identify potential statutory risk areas and provide ideas on how to minimize them.
Preparation of report highlighting the area of non-compliance.
Discussion of recommendation with management.

1	Factories Act 1948 & Tamilnadu Factories Rules1950	15	The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
2	Employees Provident Fund & Misc. Provisions Act 1952	16	Employees Compensation Act 1923
3	Employees State Insurance Act 1948	17	Tamilnadu Panchayats Act 1994
4	Payment of Wages Act 1936	18	The Tamil Nadu Fire Service Act, 1985
5	Minimum Wages Act 1948	19	Tamilnadu Public Health Act, 1939
6	Payment of Bonus Act 1965	20	The Water (Prevention and Control of Pollution) Act, 1974
7	Contract Labour (Regulation & Abolition) Act 1970	21	The Air (Prevention and Control of Pollution) Act, 1981
8	Maternity Benefit Act 1961	22	The Tamil Nadu Tax on Professions, Trades, Callings and Employments Act,1992
9	Payment of Gratuity Act 1972	23	Equal Remuneration Act 1976
10	The Tamilnadu ( National, Festivals & Special Holidays) Act, 1958	24	Employment Exchanges Act 1960
11	Tamilnadu Labour Welfare Fund Act 1972	25	Tamilnadu Industrial Establishments (Conferment & Permanent Status to Workmen ) Act 1981
12	Industrial Employment (Standing Orders) Act 1946	26	Employment of Children Act, 1938
13	The Tamilnadu Payment of Subsistence Allowance Act 1981	27	Industry Specific Acts - Additional
14	Tamilnadu Panchayats Act,1994		--

Periodical Statutory Compliance Audit will ensure compliance of past defaults.
Strict compliance of Industrial legislations is ensured by every establishment, which, in turn, reduce or even eliminate penalties/damages/fines/ that may be imposed by the Government.
Employer reputation in the Industry/business world certainly increases.
A business that fulfils regulatory business compliance through successful corporate compliance management generally gets signed quickly and easily whenever needed.