Statutory Compliance

HR CONNECT

What is Statutory Compliance?

Statutory compliance in HR indicates a legal framework that allows organizations to operate according to a certain structure. This structure is generally related to the employees of the organization.

However, this structure doesn’t always remain the same. According to the changes in the HR landscape, the governing authorities keep changing the statutory compliance requirements as well.

As a result, a major portion of the HR budgets goes into ensuring compliance and maintaining the integrity of the systems. From wage payments to professional taxes, statutory compliance demands organizations to stay updated with the latest rules during HR operations.

Need For Statutory Compliance Management

Adhering to the compliance keeps every small and big organization away from legal issues. A deep understanding of statutory laws allows these organizations to minimize or mitigate the risks related to non-compliance.

However, the number of rules that Indian Organizations have to follow to maintain statutory compliance often takes the edge away from the company. Even after careful supervision and scrutiny, companies find themselves approaching towards non-compliance or non-adherence.

Hence, to help you follow the statutory compliance without any hassle, we have prepared a statutory compliance updated checklist. You can follow this checklist to stay updated with the current laws and regulations.

Updated Checklist for Statutory Compliance 2021

  • The Employees Provident Funds and Miscellaneous Provision Act - 1952 (EPF)
  • Shops and Commercial Establishments Act (S&E)
  • The Employees State Insurance Corporation Act - 1948 (ESIC)
  • The Labour Welfare Fund Act (LWF) 1965
  • The Professional Tax Act (PT) 1975
  • The Minimum Wages Act-1948
  • The Child Labour (Prohibition & Regulation Act), 1986
  • The Payment of Wages Act-1936
  • The Maternity Benefit Act-1961
  • The Contract Labour (Regulation & Abolition) Act - 1970 (CLRA)
  • The Payment of Bonus Act-1965
  • The Industrial Establishment (N&FH) ACT 1963
  • The Payment of Gratuity Act-1972
  • The Employment Exchange (Compulsory Notification of Vacancies) ACT-1959
  • The Equal Remuneration Act-1976
  • The Apprentice ACT, 1961
  • The Industrial Employment (Standing Orders) ACT 1946 - Model Standing Order Only
  • Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) ACT, 2013
  • The Industrial Disputes ACT 1947
  • The Employees Compensation ACT-1923
  • The Interstate Migrant Workmen (Regulation of Employment and Conditions of Services) ACT, 1979
  • The Trade Unions Act, 1926