Importance of Statutory Compliance Services in Chennai

Statutory Compliance is the legal obligation of a company to ensure compliance with its statutes to keep them out of any legal trouble and enable smooth working standards within the company. Strict compliance with these statutes is how a country ensures that its corporations act responsibly. Alp Statutory Consulting Services in Chennai can help your company stay up to date with the legal frameworks to avoid any risk of non-compliance.

Statutory Compliance Consultants in Chennai
Statutory Compliance Services in Chennai

Alp Statutory Compliance Consultants in Chennai

Statutory compliance ensures that the organisation is well prepared and maintained in the case of a crisis or an unprecedented situation. It also ensures that the legal proceedings are hassle-free for both the employees and the company. 

Here are a few advantages to choosing Alp Statutory Compliance Services in Chennai:

  • Stay up to date on the evolving framework.
  • Avoid fines and penalties which arise from non-compliance issues.
  • Boost productivity by saving time, efforts and resources to focus on operations and revenue generation.
  • Stay clear of unforeseen incidents and their legal proceedings.
  • Build an ethical work culture.
  • Be safe from unreasonable trade union demands for wages and other benefits.
  • Protect company goodwill in the market.

Outsourcing statutory compliance

Statutory compliance is an important aspect that can’t be overlooked by any organisation. It is crucial to understand and implement the laws pertaining to the employees and employers of the organisation. The legal framework keeps evolving, and staying up-to-date with the legalities can be quite challenging and time-consuming. 

Opting to outsource the compliance proceedings with Alp Statutory Consulting Services in Chennai will provide you with hassle-free, speedy services, allowing your employees to focus on the other operations of the organisation.

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Frequently Asked Questions

1What is statutory compliance?
Each country has its legal framework of rules and regulations or labour laws that need to be followed by the employees and employers of an organisation. Statutory means ‘related to statutes’ or rules and regulations whereas compliance refers to adherence with the statutes. It is a legal framework that a company must follow when dealing with employees. Non-compliance with these rules and regulations can lead to severe consequences for both the employees and employers.
2What are the statutory compliances in India?
Each state has its statutory compliance laws, these are the most common and widely accepted compliance laws in India.
  1. The Equal Remuneration Act-1976
  2. The Employees Compensation ACT-1923
  3. The Payment of Gratuity Act-1972
  4. The Minimum Wages Act-1948
  5. The Payment of Wages Act-1936
  6. The Professional Tax Act (PT) 1975
  7. The Payment of Bonus Act-1965
  8. The Maternity Benefit Act-1961
  9. The Payment of Gratuity Act-1972
  10. Sexual Harassment of Women at Workplace Act-2013
  11. The Child Labour (prohibition & regulation) Act-1986
  12. The Apprentices Act-1961
  13. The Trade Unions Act-1926
  14. The Workmen’s Compensation Act-1923
  15. The Employment Exchange (Compulsory Notification of Vacancies) Act-1959
  16. The Factories Act-1948
  17. The Industrial disputes Act-1946
  18. Inter-State Migrant Workmen (Regulation of Employment & Conditions Of Service) Act-1979
  19. The Employees Provident Fund & Miscellaneous Provisions Act-1952
  20. The Employees' State Insurance Act-1948
3What are legal compliances in HR?
span style="font-weight: 400;">Legal compliances in human resources refers to ensuring that the rules and regulations of the organisation comply with the policies and legal frameworks within the country. Some of the legal compliances are stated below: 
  1. Statutory compliance
  2. Contractual compliance 
  3. Regulatory compliance 
  4. HR technology law compliance 
  5. Union law compliance 
  6. Training compliance
  7. Internal compliance
  8. Internal labour law compliance 
  9. Workplace compliance
  10. Country-specific HR compliance
4What are the advantages of outsourcing statutory compliance in Chennai?
For a business operating in Chennai, Alp offers the best statutory compliance services in the city. There multiple advantages of the same, few of them are listed below:
  • It ensures fair treatment of employees, which includes paying them on time and fairly and complying with the minimum wage rate.
  • It prevents employees to work for long and in inhuman or unfeasible conditions
  • Organisations can avoid unreasonable wage or benefit demands from trade unions
  • Companies can stay away from legal troubles when they are fully compliant
  • It mitigates risks of adverse incidents and increases awareness about compliance
  • Businesses can prevent penal actions, financial losses, loss of reputation, business integrity and impact on customer loyalty

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