Compliance Service with Benefits & Scope
Statutory Compliance Services
Due to rampant change, and codification in labour laws, the subject of harnessing company labour compliances is going to be a critical challenge to any organisation. To mitigate the stringencies of Labour Laws documentation/paperwork avoiding the high costs of non-compliance by the companies is mandatory and requires highly expert consultant / service providers and managers with a company.
VIACO offers a 360-degree platform, dealing with physical & digital environments one on one, compliance service to cover consolidating all acts, rules, govt notification and minimum wages, litigation, courts & disputes including corporate & financial laws dealing through its experienced teams.
For businesses to operate successfully, it is imperative to the companies to avoid compliance risk and follow the statutory compliance within provided guidelines & provisions in the laws in letter & spirit helps to ensure 100% compliance.
- Commercial Shop and Establishment Compliance (CSEC) Services
- Statutory Advisory Services on labour laws
- Statutory Benefits & administration service
- Statutory Periodic Compliance Audit service
- Statutory Registrations & Licenses application service
- Statutory Records & Registers maintenance service
- Regulatory Returns, Reports & Abstracts display compliance
- Legal Representation & Courts cases
- Govt body – Liaisoning service
- Compliance service benefits
- Good corporate governance
- Increase in focus on Strategic business areas
- Reduction in labour overheads
- Compliance and adherence to different labour laws
- Avoidance of extra costs that may arise out of non-compliance
- Maintenance of all the records that is relevant to compliance
- Growing loyalty & ownership by personnel
- Goodwill & corporate reputation
- Scope of Works (SOW) & Scope of Service (SOS) Under Labour Laws, Legal & Statutory Laws
- Auditing Labour Law Compliance under states & central rule – monthly / periodic
- License Application/ Amendment/ renewal-documentation/certification /authorisation
- Registration Application/ Amendment / renewal- documentation/certification /authorisation
- Maintenance of Statutory registers & records
- Submission of Legal & Statutory returns & reports
- Remittance of statutory payments
- Continuous monitoring of compliances laid in labour legislation
- Nominations under different labour legislation & employment
- Employment & termination Benefits under labour legislation
- Accident coordination & reporting activities
- Employment Insurance & medical Benefits
- Liaison with LEO, GLO, ESI and PF, P tax Authorities with evidence & Compliance records
- Inspection, Notices, Disputes & Labour Court Representations
- Awareness & learning activity under labour laws – Latest updates, amendment & modified rules
- Statutory Warning
- A detailed report is generally prepared based on this special audit. The audit helps to understand the various strong and weak areas in terms of compliance and advise to move forward.
- The Statutory Compliance Audit is needed to be discussed with auditors on the reports based on audit findings, about the business compliant to all statutes and Labour Laws.
- All types of the organization – small, medium or large, shall always have a growing challenge of complying with rapidly evolving and highly complex compliance requirements.
- Labour Law compliance is a set of standard terms & conditions of employment that refer to several regulatory compliances including minimum wages act, workmen’s compensation act, contract labour act, factory act, etc.
- For carrying out business, the companies are required to meet statutory compliance requirements.
The scope of work in Statutory Compliance is very vast.
Here is a list of services that organisation expects from Statutory Compliance department to covers the Labour laws compliance applicable to the Company/ Contractor business /Factory or Commercial Establishment / Mine or Construction / Contracting sites
There is a statutory requirement to conduct periodic audit under labours laws, to access the current status of statutory compliance according to various central and state acts, in force across nations.