Statutory compliance mean the legal compliance as mentioned in the Statute books/laws/legislation applicable to any organization or vendors.
The obligation of compliance starts from the registration of the contractor, taking required license etc. to maintenance of registers and records, filing of periodical returns and observing the service conditions of employees including payment of wages, granting of leave, and providing them the facilities of health, welfare and safety.
If any organization/company is a contractor as defined under the Contract Labour (Regulations and Abolition) Act, then they have to comply with the provisions of this Act. They need to read the provisions, so that they can become familiar with the statutory obligations which been imposed on them by the Government.
These HR firms even help in managing the impact of the employee health plans on financial results and business performance. Alchemy Consultancy
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