Rules and regulations keep changing. For example, labour laws or taxation are critical areas which are subject to changes depending on the political and governance situation. It is quite an effort to be abreast of the changes in compliances and rush to incorporate the changes or alterations. Understanding previous rules and their amendments pile on the additional…
Labour Law compliance checklist is nothing but a set of standard terms or conditions of employment. It may refer to several regulatory compliances including minimum wages act, work men’s compensation act, contract labor act, factories act, etc. For carrying out business, companies are required to meet statutory compliance requirements. There are various laws and acts…
Manufacturing Organisations Service Organisations Micro scale – businesses whose plant, machinery, equipment, assets etc does not exceed 25 lakh rupees Micro scale – businesses whose plant, machinery, equipment, assets etc does not exceed 10 lakh rupees Small scale – businesses whose plant, machinery, equipment, assets etc does not exceed 5 crore rupees Small scale –…
Corporate Compliance refers to the various rules, regulations and laws of an area, region or country that a company or business has to follow or comply with. These compliances are a combination of guidelines for a corporate for both; it’s internal and external governance. Corporate Compliance is not only compulsory but also ensures that an…
At the cusp of industry 4.0, businesses are often at the crossroads of digitization, change management and automation initiatives. Enterprises of all sizes are expanding their business territory thereby creating challenging supply chain networks. Along with this growth, statutory compliance and regulations are increasing exponentially. These days, enterprises hold collective responsibility for their vendors, suppliers,…
The Need for Compliance The other day I met a Company Secretary who was desperate to delink himself from his current employer and look for a ‘better’ employer. His grouch? In spite of his sincere efforts, his current employer was non-compliant on some counts. The Company Secretary feared that his reputation and employability will be…
India is changing today. The government is introducing GST to ease taxation hassles and make it easy for individuals and business to remit their taxes through a single online portal. Even income tax is being made simpler for e-filing and similar steps. One of the major advantages we foresee is a lesser intrusion from governmental…
India is the base to the world’s third largest startups in terms of numbers. About 3 to 4 startups are born every day. Startups are built on the vision of the owner or owners. You have an experience in life. Think of a solution, an idea, and a startup is born. Many startups are extremely…
Understanding the basics of Labor Laws Compliance is not just important – it is essential knowledge for companies to avoid risking legal liabilities. Regardless of big or small enterprise, timely and proactive compliance with Labor Laws is critical. Monitoring potential impacts and conforming to mandatory changes is an increasingly difficult task. TalentPro’s expertise in…
The present day legal climate is one of uncertainty and confusion. In most cases, a law comes to light only after its contravention, resulting in severe penalties. Compliance Management is a must in keeping you away from the long arm of the law! Here is a quick compilation of the various Statutory Compliances In HR Each…
