Understanding HR Statutory and Compliance in Corporates: Can You Explain It Simply?

Hi Seniors, can anyone please explain in brief what HR statutory and compliance are in corporates?

Thanks & Regards,
Prakash

Compliance Requirements for the IT Industry

You are working in the IT industry, which falls under the Service Industry and is governed by the Shop and Establishment Act. The compliance requirements that you need to maintain are as follows:

1. Shop and Establishment Act
2. The Employees' Provident Fund & Miscellaneous Provisions Act, 1952
3. Employees' State Insurance Act, 1948
4. Employment Exchange (Compulsory Notification of Vacancies) Act, 1959
5. Payment of Bonus Act, 1965
6. Payment of Gratuity Act, 1972
7. Payment of Wages Act, 1936
8. Maternity Benefit Act, 1961
9. Minimum Wages Act, 1948
10. Contract Labour (Regulation and Abolition) Act (if applicable)

Thanks and regards,
Dinesh

I wish to know the statutory and compliance requirements for the retail industry, specifically the jewelry industry. Can anyone please help me out?

For the retail industry, you need to follow the below-mentioned compliance:

Shop and Establishment Act

1) The Employees' Provident Fund & Miscellaneous Provisions Act, 1952
2) Employees' State Insurance Act, 1948
3) Employment Exchange (Compulsory Notification of Vacancies) Act, 1959
4) Payment of Bonus Act, 1965
5) Payment of Gratuity Act, 1972
6) Payment of Wages Act, 1936
7) Maternity Benefit Act, 1961
8) Minimum Wages Act, 1948
9) Contract Labour (Regulation and Abolition) Act

The details of each have been attached for your reference.

Thanks and regards,
Dinesh

Apart from that, you have:

Can anyone advise me regarding the statutory compliance of a manufacturing industry? Waiting for your response.

Thanks,
Mr. Pramod Kumar Jena

Understanding Legal Compliance

Legal means "of or relating to the law," or what we normally call laws or regulations. Compliance just means to meet or comply. Thus, legal compliance means that you are following the laws on a particular topic. The term is used more often with organizations that must follow a set of rules.

When you forget or refuse to follow some of these rules, you are out of compliance. A company that follows all the rules is in compliance with the law.

Could anyone advise me regarding the statutory compliance of textile manufacturing industries? I am eagerly awaiting your response.

Thank you.
Regards