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Compliance Consulting Services In India

If you are running a business in India, it is important to adhere to compliance regulations. Non-adherence could lead to penalties, interest payments and other complications. Business owners need reliable compliance consultancy services for running their businesses smoothly. 

What Is Statutory Compliance?

Going by definition, ‘statutory’ refers to ‘related to or of statutes’ or regulations. Compliance means adherence, thereby meaning conforming to the rules. In Human Resources, statutory compliance is the organisation’s legal framework, which talks about how to handle employees legally.

Why Is Compliance Needed?

Statutory compliance and labour laws remain the same for private limited companies, partnership firms and LLP. Compliance management companies in India ensure the fair treatment of employees, follow the minimum wage acts, equal payment and prevents inhumane or long working conditions. For employers, it prevents fines and penalties due to default payments, protects the organisations from excessive benefits or compensation demanded by trade unions, prevent legal troubles for the compliant company, increases awareness and mitigates risk awareness.

Statutory compliance provider In India

If you want to avail specialised compliance consulting services, you must consult a compliance consulting agency. we provide expert payroll and statutory compliance services with proficiency and professional guidance. However, as business people, we understand that one cannot always keep changing government regulations.
Though you may have an in-house team that handles the subject, it is always better to outsource the same to a professional agency, ensuring that the regulations are understandable, specific, agreeable and followed. As most agencies are busy carrying out core responsibilities, they do not have the time and bandwidth to care about statutory compliance. Thus, they hire statutory compliance consulting services for these requirements.

Why Outsource Compliance Activities?

Every organisation has people at its core, which only heightens the importance of statutory compliance. As most business people don’t realise why they need to hire an in-house team, it could be challenging to explain why outsourcing is a far better option. People have several designations and responsibilities to pay in the organization, which is why streamlined and organized regulations must be in place. These regulations remain the same across all levels and departments and are better managed with outsourcing.

  • Compliance calendar
    Companies must submit their statutory compliance applications for the monthly, quarterly, half-yearly and annual periods. If you do not submit the documents and information on time, you are at risk of fines and penalties. As you are busy with business, it is common to miss out on the last date of submission due to several reasons. With a statutory compliance company, the agency would undertake all the responsibilities.
  • Focus on business
    With an outsourced statutory compliance service, you can focus only on business. Delegate the essential but monotonous administrative tasks to the agency, who would efficiently manage these chores for you. As a result, you conserve time, effort, and money that would be channelized into your business. As an entrepreneur, you must emphasize your core business activities.
  • Expertise
    Outsourced statutory compliance service professionals are trained in the information that your business needs. This is a time-consuming, expensive and cumbersome task to perfect, which hampers the business in question. They help with documentation and other responsibilities without disturbing your regular activities. Also, we bring back your mental peace, financial wellbeing and business value at affordable prices.
  • Updated with legal changes
    An entrepreneur cannot remain updated with the changes in taxation or labour laws, which depend on the government. If you are a small business, you will face difficulties handling these shifts. However, it would be easily managed by us.

Services Offered By Us

We offer the following Human Resources labour law and statutory compliance management services, such:

  • Calculating and deducting statutory payments such as LWF, PT, TDS, PDF, and ESIC
  • Withdrawal and transfer files for PF
  • Uploading data and generating challans
  • Filing of returns with government agencies
  • Recurring compliance services, POSH services, audit services, renewals, and registration

Activities covered

We cover the following labour law and statutory compliance services:

  • Recurring compliance services
  • Registrations and renewals
  • POSH services
  • Audit services
  • Calculation and deduction of statutory dues
  • UAN updates
  • Preparation of statutory registers and professional tax reports
  • Preparation of challans and filing of monthly, half-yearly, and annual returns
  • Compilation of employee documents for registration, pension liaison, nomination, withdrawal and transfer

Why Choose canrt ?

Each country has its set of central and state labour laws, which must be complied with by all companies. Thus, you must remain updated with the regulations in their countries. Otherwise, you could get into a whole lot of legal complications, including fines and penalties. As a result, organizations invest effort, time, and money in compliance consultancy services.
affordable and consistent services for optimum business growth such as professional tax, ESIC, labour welfare fund, and other statutory deductions for your particular company. Apart from managing regular activities, our legal compliance team tracks evolving regulations and updates the client on the same. We are known as best accounting services in Mumbai, and bookkeeping services in Mumbai & India which provide the organization with a robust legal framework and rules so that efficiency is never compromised.

 
     
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