Navigating Compliance After Acquisition: What IT HR Professionals Need to Know

Hi,

The company I am currently working for has been acquired by a multinational company, and we are required to maintain a minimum level of compliance. We belong to the IT industry.

I would be grateful if any HR professionals could guide me through the list of statutory and legal compliance that need to be followed as a checklist.

Thank you,
Jessy

It depends on your state labor laws. Below are some of the statutory norms to be followed by organizations:

1. Professional Tax
2. ESI
3. EPF
4. GRATUITY
5. Minimum Wages
6. Bonus

Please let me know if you need further clarification or assistance.

You may have to follow statutory regulations as per the Shops & Commercial Establishment Act. Leave with wages may also be applicable beyond the aforementioned requirements.

Statutory Provisions Compliance

Is it possible to list out all the statutory provisions you have complied with presently? I don't think your company would have failed on ESI/EPF/PT, bonus, payment of wages, gratuity, Shops & Commercial Establishments Act as of now. The rest should be examined after determining what is not complied with. Please prepare your checklist starting with the current position. The attached write-up should assist you in conducting a reality check at your establishment. Some of them are yet to be updated; therefore, check before compliance.

Dear Sam,

Thank you for the checklist. However, it was last updated in 2014. Could you please send me the latest sheet applicable to 2017?

Thank you.

Dear all,

Please provide the checklist of all statutory compliance in Madhya Pradesh state.