What are statutory compliance documents?

Statutory compliance is a legal framework under which the Company must function all its duties. Firstly, every organization must treat its employees to follow all central & state labor laws. All these laws secure the welfare of the Company, employee, and employer.

What is statutory compliance?

The legal framework within which any given organisation must function is termed as statutory compliance. These laws ensure the welfare of – the employee, employer, and the organisation.

What is statutory compliance report?

Statutory reporting is the mandatory submission of financial and non-financial information to a government agency. Each industry has its own set of laws and regulations (statues) that mandate reports.

What are the compliances of HR?

HR compliance is defined as the process of aligning workplace policies with a city’s, state’s, country’s, and the world’s labor laws in sync with industry-specific regulations. In addition to policy setup, enforcing practices to follow these policies daily is also part of HR compliance.

What are the statutory requirements for a company?

Statutory Requirements

  • Incorporation of company.
  • Filing of documents with Registrar of Companies.
  • Conducting Statutory Audit at the year end.
  • Assistance in drafting Director’s Report covering statutory points to be covered.
  • Assistance covering Annual General Meeting and Statutory Compliance thereof.

What are the HR compliances?

What are the major contents of the statutory report?

Contents of Statutory report

  • Total number of shares allotted whether fully paid up or partly paid up.
  • Total cash received for shares allotment.
  • An abstract of cash receipts and payments.
  • The name, address, occupation of the directors of the company.
  • Material information of a contract.

What is statutory report example?

Examples of Statutory Reports Statutory Report submitted at the statutory meeting of the company. Directors’ Report to the Annual General Meeting. Annual Returns. Auditors’ Report. Reports by Inspectors appointed to investigate the affairs of the company.

What is HR audit checklist?

Purpose of HR Audit HR Audit Checklist finds the noncompliance fields of the company. It’s done to lessen the future threats that a company might face. All the HR attributes like recruitment, payroll, retention, training, onboarding, salary, compensation & performance management undergo inspection.