Importance of Statutory Compliance Services in Pune

Every company in India is legally obligated to protect the health, safety and welfare of its people. Strict compliance with these statutes is how a country can ensure that its corporations act responsibly and fairly. Most organizations these days invest a lot of money and effort to stay abreast of all the regulatory changes. Statutory compliance consultants in Pune like Alp Consulting can help your company stay safe and up to date with the evolving legal framework.

Statutory Compliance Agency in Pune
Statutory Compliance Services in Pune

Alp Statutory Compliance in Pune

Statutory compliances are crucial when proactively preparing organizations in times of crisis or unprecedented situations. Not abiding by the law can be a hassle for both the employee and the company. 

Here are a few advantages of choosing to opt for Alp statutory compliance providers in Pune:

  • Save time, efforts and resources to focus on key areas such as operations and revenue generation.
  • Avoid fines/penalties that arise from noncompliance issues.
  • Be safe from unreasonable trade union demands for wages and other benefits.
  • Steer clear of unforeseen incidents and legal implications.
  • Protect company goodwill in the market.
  • Build an ethical work culture.
  • Boost employee morale due to increased efficiency.

Outsourcing statutory compliance

Statutory compliance is a crucial factor that organizations cannot overlook. The laws pertaining to employees and employers are constantly evolving in India. Staying updated with the latest developments in the legal framework can be quite challenging. By choosing to outsource the statutory compliance function to Alp Consulting, you will have expert consulting services at your disposal. We can provide you with the personnel and resources for speedy, precise, and error-free handling of statutory compliance processes.

Click to Visit: Factory Compliance Services in India

Frequently Asked Questions

1What is statutory compliance?
Every country will have its own predefined legal framework with rules, acts, and regulations that organisations operating in that country should strictly follow. Statutory compliance, in simple terms, means the agreement of statutes. Noncompliance with laws will have severe consequences for both employees and employers.
2What are the statutory compliances services in India?
span style="font-weight: 400;">Though the applicability of certain Acts can vary from state to state, these are the most important and widely accepted HR-related statutory compliances in Pune.
  1. Labour Welfare Fund Act, Bonus Act
  2. Industrial Establishment (N&FH) Act 
  3. Shops and Commercial Establishments Act 
  4. ESIC Act
  5. Employees Provident Funds Act 
  6. Child Labour Prohibition & Regulation Act
  7. Interstate Migrant Workmen Act 
  8. Professional Tax Act 
  9. Minimum Wages Act, Trade Unions Act 
  10. Employment Exchange Act
  11. Contract Labour Act 
  12. Payment of Wages Act
  13. Sexual Harassment of Women Act
  14. Maternity Benefit Act, Gratuity Act, Equal Remuneration Act
  15. Employees Compensation Act
  16. Factories Act
  17. Industrial Employment Act, Apprentice Act, Industrial Disputes Act
3What is the role of statutory compliance?
In issues related to payroll and HRMS, complete statutory compliance with rules and regulations is crucial for both employees and the organization’s social security. The Indian Government has declared various regulations and acts that every company is liable to follow to avoid legal consequences. Whether to follow it or not might be a company’s individual decision, but this can lead to serious implications.
4What are legal compliances in HR?
Legal compliances in HR are all about aligning the various policies at the workplace with the laws of the land. Some of the top legal compliances include statutory compliance, contractual compliance, regulatory compliance, HR technology law compliance, union law compliance, training compliance, internal compliance and so on.

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