Statutory Compliance Services

Statutory Compliance Services

Support Services - Documentation - Audit

Statutory Compliance Services
Support Services - Documentation - Audit

With the ever-evolving statutes of labour laws, many organizations tend to overlook the importance of statutory compliances or fall short to keep themselves update with the latest developments. The lapses may lead to penalties and fines or even long-run litigations. It has been observed that several organizations in India fail to comply with statutory requirements like missing out payment and return filing deadlines, non-maintenance of required documentation and non-compliance of guidelines prescribed under the applicable act.

AMS understands the challenges faced by organizations in meeting statutory requirements, having dedicated resources and investments needed for the same, and the pain areas in case of lapses. Our services are directed towards addressing all those needs and assist your organization to be 100% statutory compliant.

Our Expertise

Compliance Audit

Statutory Compliance Audit

♦ Evaluation & Audit of client’s statutory records and analyzing the current state of compliance and mechanisms.

♦ Evaluation & Audit of contractor compliances.

♦ Highlighting lapses and suggest corrective measures.

♦ Periodical review of records and create an audit trail.
Compliance Management

Statutory Compliance Management

♦ Statutory liability calculation & preparation of payment challans.

♦ Submission of Monthly, Quarterly & Annual returns & reports.

♦ Maintenance of Statutory records, registers, formats, etc. prescribedunder various Acts.
Compliance Advisory

Statutory Compliance Advisory & Liaisoning

♦ Licensing & Registration under various Acts.

♦ Assistance and support for documentation and application under various acts.

♦ Assistance in government inspections and vendor compliance.

Expertise in the following:

► Shop & Establishment Act

► The Payment of Wages Act, 1936

► The Labour Welfare Fund Act, 1965

► The Profession Tax Act The Contract Labour (Regulation &
Abolition) Act, 1970

► The Payment of Gratuity Act, 1972

► The Equal Remuneration Act, 1976
► The Maternity Benefit Act, 1961

► The Payment of Bonus Act, 1965

► Employees’ State Insurance Act, 1948

► Employees’ Provident Fund Miscellaneous Provisions Act, 1952

► The Minimum Wages Act, 1948
Advantages of Outsourcing Compliance Activities

Advantages of outsourcing compliance activities

♦ Access to compliance expertise and services

♦ Enables organizations to focus more on strategic and core business activities.

♦ On-time compliance under applicable laws, avoidance of costs like penalties and fines associated with the delay.

♦ Monitoring of vendor compliances, ensuring transparency, and prevention of any compliance default.

♦ Regular review and maintenance of all statutory records under applicable law.