Dear HR Leaders Thanks for your erudite and knowledgeable replies which are useful for my understanding.
From India, New Delhi
Statutory obligations are mandate by default as per the statutes.Following and fulfilling such obligations are mandatory.
Any other rule which is made but does not have any legal provision may not be a statutory obligation and therefore the mandate is subject to acceptance of the follower.

From India, Vadodara
Dear HR Leaders Thanks for your erudite and knowledgeable replies which are useful for my understanding.
From India, New Delhi
Statutory mean according to law.
Mandatory means you must do it. It could be due to the laws of the country or the rules of your home.

e.g.,
'You must pay taxes'; this is statutory.
'You must be at home before 9 PM'; this is just mandatory.

From India, Delhi

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