Labor Law Compliances:
ESTABLISHMENT COMPILANCE MANAGEMENT SERVICE:
The Tamil Nadu Shops & Establishment Act, 1947 and allied Acts
Steadfast Corporate Services gives one stop solution to take care of complete Establishment Compliance Management under one roof. We ensure for maintenance of registers, records and filing periodical returns along with due payments.
- Registration/Renewal/amendment under Shops and Establishment Act
- Registration/amendment under Contract Labour Regulation and Abolition Act
- Obtain Trade License
- Maintenance of Statutory Records and Registers
- Timely submission of annual/half-early/quarterly returns under various Labour legislations
- Timely updation of Information about Labour legislations, amendments and notifications across India
- Handling of Inspections by Authorities / Government Officials
- Any kind of Legal Opinion on Labour Legislation
- Support Team to handle compliance Management across India
VALUE ADDTITION TO CLIENTS:
- One point Solution to handle Compliance Management across India
- Improved focus on core business by Clients
- Complete adherence to Compliance Management
- Cost saving on manpower and administrative overhead
- To maintain or enhance the organization’s reputation
FACTORY COMPILANCE MANAGEMENT SERVICE:
In the matter of compliance for an existing factory or a new factory involves countless efforts and effective monitoring system. An effective Labor compliance in a factory will ensure friendly environment, corporate image and corporate governance. It becomes a vital role for an employer to maintain all Statutory Compliance in place as the consequences of non-compliance amounts to financial loss and credibility in the business.
A professional in Steadfast Corporate offers Factory Compliance Management Services for a new as well as an existing factory.
- Registration under applicable acts
- Obtaining New Licenses and renewals
- Preparation of Statutory Registers and its maintenance
- Display of Abstract and Notices
- Preparation & submission of periodical returns and statute payments
- Handling Inspections
- Submission of Monthly MIS
CONTRACT LABOR COMPILANCE:
Engagement of Contract Labour is an age old practice. With the introduction of new economic policy, this has assumed greater importance. Even today, in the business world, this is the most talked about subject. Employers of various industries – from micro to large – do depend on this workforce in order to sustain and as Principal Employers, they need to take utmost care when they engage a contractor. Besides being compliant, they have to ensure that the contractors engaged by them to stay compliant.
SOME OF THE IMPORTANT ACTIVITIES:
- Registration & license under Contract Labour Regulation and Abolition Act
- Payment of minimum wages to contract labourers
- Maintaining records, registers, forms & notices under various legislations
- Remittances of ESI, EPF & LWF contributions for contract workers
POSSIBLE CONSEQUENCES IF NOT COMPILED WITH:
- Absorption of the contract labourers
- Payment of arrears of contribution with interest
- Fine and/or imprisonment
Our Contract Labour Compliance Services is beneficial for all stakeholders: the principal employer, contract workforce and the contractor. We have pioneered in the engagement of blue-collared workers in organizations. Our efforts in ensuring minimum wages, timely remittance of ESI, PF and LWF payments and access to health care have enhanced their quality of life and generated impact on their families.
- Management of time office
- Obtain Registration Certificate(RC)
- Obtain license for each applicable contractor
- Maintain contractor-wise registers, records and returns
- Ensure minimum wage payment through effective processes
- EPF and ESI contribution through principal employer’s sub code/ contractor’s code
- Coordination of benefits under EPF, ESI, LWF & WC for CL
- Accident coordination support
PF & ESI Compliances:
EMPLOYEES STATE INSURENCE:
- Obtaining the ESI Code
- Preparation of ESI Contributions, uploading it online and generate challan every month
- To interact with ESI Branch office authorities for any Queries.
- To help the ESI Insured Persons all their queries with related claiming all benefits,
- Guiding the management in labor oriented payments / Accounts / Lawful matters, and assisting at the time of ESI inspections.
EMPLOYEES PROVIDENT FUND:
- Obtaining the EPF Code.
- Preparation of EPF contributions, uploading it online and generate Challans every month.
- Processing the Left Employees claims
- Procession of Online Transfer from previous employer.
- Guiding the management in labor oriented payments / Accounts / Lawful matters, and assisting at the time of EPF inspections.
PAYROLL COMPILANCE SERVICES:
Any gap in compliance on wage entitlements of employees could land a company in trouble. The company may end up having a financial implication or a risk of prosecution or IR issues triggered. Even a small non-compliance could cause significant damage to the reputation of the company.Steadfast Corporate with its expertise, adequate skill sets, pan-India presence, and well defined process and with appropriate technological support could facilitate Payroll Compliance Services (PCS).
THE SPIRIT BEHIND THE FOLLOWING LEGISLATIONS WOULD BE TAKEN CARE OF THROUGH THIS SERVICE:
- The Payment of Wages Act, 1936
- The Minimum Wages Act, 1948
- The Employees’ Provident Funds and Miscellaneous Provisions Act 1952
- The Employees’ State Insurance Act, 1948
- Various State enactments on Professional Tax
- Registrations, amendments and renewals
- Processing wage data for generating contribution challan
- Timely remittance of statutory contributions
- Filing statutory returns as per statutory timelines
- Maintenance of relevant statutory registers and other records
- Transfer-in, transfer-out and settlement of EPF accounts
- Compliance under various ESI sub codes
- Generation and dissemination of customer specific error-free data, MIS and statutory documentation
- Assistance to the employees in processing applications for getting rightful benefits
- Foster rapport and sustained coordination with diverse authorities
- Facilitate clients in efficiently handling inspections by authorities.
- Help desk for pay roll related compliances (only in exclusive resource model)
Web Payroll has been designed to reduce the time and afford that is normally associated with payroll processing and to provide a direct and seamless operation that enables the employer to handle all staff and payment process in a simple and accurate manner