Dear All, I want to know about statutory compliance & how can i learn about the same. Thanking You, Zuni
From India, Mumbai
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1From India, Mumbai
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zuni wht exactly u r doing ? doing some course or job. u will learn by only filling this returns, not by reading or listening
From India, Pune
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From India, Pune
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Dear Zuni, What is the subject matter of statutory compliance ? With Regards, R.N.Khola
From India, Delhi
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From India, Delhi
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Dear Zuni,
Statutory Compliance means whatever we are complying with and maintaining as per the requirements of the Government/local bodies. Even if the Police authorities give instructions in writing to maintain and submit a copy of the workforce details in soft copy, it will also be considered a Statutory Obligation. Whatever PF, ESI, Welfare fund remittances you are making to the Government are also known as Statutory compliance. Payment of wages in time to workmen, abiding by the Minimum wages fixed by the Govt from time to time, Payment of Bonus, Notice Pay upon relieving, retrenchment compensation, gratuity, PF, Pension, Leave, everything is clearly expressed by the Government. Hence, all of the above form part of Statutory Compliance.
I am unable to understand in which aspect you want to acquire knowledge about Statutory compliance.
With warm regards, S. Bhaskar 9099024667
From India, Kumbakonam
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Statutory Compliance means whatever we are complying with and maintaining as per the requirements of the Government/local bodies. Even if the Police authorities give instructions in writing to maintain and submit a copy of the workforce details in soft copy, it will also be considered a Statutory Obligation. Whatever PF, ESI, Welfare fund remittances you are making to the Government are also known as Statutory compliance. Payment of wages in time to workmen, abiding by the Minimum wages fixed by the Govt from time to time, Payment of Bonus, Notice Pay upon relieving, retrenchment compensation, gratuity, PF, Pension, Leave, everything is clearly expressed by the Government. Hence, all of the above form part of Statutory Compliance.
I am unable to understand in which aspect you want to acquire knowledge about Statutory compliance.
With warm regards, S. Bhaskar 9099024667
From India, Kumbakonam
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Dear All,
I am working as an HR Generalist in an IT company, and the HR department is currently in the process of development. I am the sole HR personnel in this company, and I am interested in understanding the HR roles related to statutory compliance and payroll handling.
Please assist me in gaining insights into these areas as I aim to strengthen the HR department within my current company.
Thank you.
From India, Mumbai
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I am working as an HR Generalist in an IT company, and the HR department is currently in the process of development. I am the sole HR personnel in this company, and I am interested in understanding the HR roles related to statutory compliance and payroll handling.
Please assist me in gaining insights into these areas as I aim to strengthen the HR department within my current company.
Thank you.
From India, Mumbai
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Dear Zuni,
Regarding my concern, I believe IT companies should be registered under the Shops and Establishment Act. Please proceed with the registration of the establishment with the appropriate authority.
Payroll software packages are readily available in the market. You can consult experts to customize one to fit your company's needs.
Ensure you maintain all documents, from day 1 until an employee's retirement, including personal documents and relevant subject-wise files, in an organized manner.
If your company has not already done so, ensure registration for PF and ESI, and initiate deductions for the same from your employees.
As a welfare measure, consider organizing picnics, parties, gatherings, or entertainment during lunchtime or weekends. Involving families can foster better relationships among staff members.
If you believe it would be beneficial, create your HR department according to your vision.
Best wishes.
Warm regards,
S. Bhaskar
9099024667
From India, Kumbakonam
Acknowledge(0)Amend(0)
Regarding my concern, I believe IT companies should be registered under the Shops and Establishment Act. Please proceed with the registration of the establishment with the appropriate authority.
Payroll software packages are readily available in the market. You can consult experts to customize one to fit your company's needs.
Ensure you maintain all documents, from day 1 until an employee's retirement, including personal documents and relevant subject-wise files, in an organized manner.
If your company has not already done so, ensure registration for PF and ESI, and initiate deductions for the same from your employees.
As a welfare measure, consider organizing picnics, parties, gatherings, or entertainment during lunchtime or weekends. Involving families can foster better relationships among staff members.
If you believe it would be beneficial, create your HR department according to your vision.
Best wishes.
Warm regards,
S. Bhaskar
9099024667
From India, Kumbakonam
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Statutory Compliance of a Industrial or Commercial Unit.xls
Statutory-compl iance.pdf
Statutory Compliance.zip