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.