Statutory Compliance Management Services (SCMS)
SCMS Need
- Corporate governance
- Cost benefit – salary, travel, liaison etc
- Consequences in terms of cost / reputation of non compliance
- Continuous support and updates to help & manage Compliance under various Central/State labour legislations which are Voluminous routine clerical activity
- Insight and knowledge that are imperative to getting your business statutorily and legally compliant
- To pro-actively keep abreast of market dynamics peculiar to the business and have regular legislative updates that will help respond with agility to the constantly evolving landscape of statutes and labour laws.
SCMS Features
- Licence application / amendment / renewal
- Maintenance of statutory registers, records, notices & returns
- Help Liaison with Factories, Labour, ESI & EPF authorities
- Facilitation of remittance of statutory payments including PTax
- Continuous monitoring and audit of contractor compliance
- Possible exemptions under labour legislations
- Benefits under labour legislations
- Accident coordination activities
- Legal opinion on labour legislations
- Information about labour legislations amendments / notifications
Areas of Expertise
- Statutory compliance Audit
- Retiral trust management services
- HR and Statutory Due Diligence
- Statutory Benefits Administration & Advisory Services
- Comprehensive coverage of all the labour laws including Factories Act, ESI Act, Minimum Wages Act, Bonus Act, Shop and Establishment Act, PF and Misc Provisions Act and Labour Welfare Fund
Our clients will benefit from
- Sound corporate governance
- Increased focus on strategic business areas
- Reduced variable overheads
- Timely compliance with various statutes and labor laws
- Avoidance of litigation and associated costs arising out of non compliance
- Complete maintenance of compliance records
Compliance
Central Act / State Act in the areas of: 1. Regulatory | 2. Social Benefit | 3. Wages | 4. Retirement Benefit. | 5. Dispute