What is HR statutory compliance in India?

Statutory compliance in HR refers to the legal framework that an organization should adhere to in dealing with its employees.

What are the new compliance updates for 2026?

The Digital Operational Resilience Act (DORA) will be expanded to bring smaller financial institutions under the regulations. Stricter ESG reporting requirements, Organisations that use AI tools for recruitment and screening must meet strict requirements for transparency and fairness. The FEC (Financial Economic Crime) guidelines are being tightened. This means that the well-known ‘Know Your Customer’ obligation will be extended to a broader ‘Know Your Employee’ obligation. Make your compliance measurable with the right KPIs.

What are the penalties for non-compliance?

Financial penalties/fines, interest on unpaid taxes, imprisonment, failing to file annual returns, e-invoicing non-compliance, and digital personal data protection (DPDP).