Statutory Compliance Outsourcing Services I Megasoft Solutions

The landscape of statutes of labour laws is continuously changing, and it takes a special nimbleness to remain abreast of all the advanced developments and make sure compliance. At Megasoft Solutions, we deliver exceptional compliance services that utterly meet your organisation’s needs.

It is completely essential to comply with all the legal as well as statutory standards for businesses to run fruitfully in India. This often engages important investment of time, resources, constant monitoring to be in the know of all the alterations that are happening, in order to be compliant and evade penalties.

With the ever-evolving employment rules and regulations, it becomes a challenge for small as well as mid-sized companies to remain themselves always compliant. What these organisations require is consistent HR compliance services from a leading and experienced provider of India.

To make sure on-time and effective statutory compliance in your organisation, the following factors must be in place : -

• Following ethical practices
• Unlimited access to local as well as regional expertise
• Informed documents as well as data in a centralized location, and which are willingly available
• Expert assistance during all audits as well as inspections
• Complete knowledge of timeliness for adherence to several laws and regulations

As you could expect, this takes a lot of shot investment in terms of both money as well as manpower. Not each organisation could allow or even want to invest several resources in ensuring compliance. Nevertheless, it is utterly crucial for a business to be compliant to all the regulations of the land.

It statutory compliance outsourcing to a top and experienced company such as Megasoft Solutions, you can make sure compliance without having to employ and maintain a separate division for it. Our esteemed clients discover that our statutory compliance services are a perfect solution to be compliant in all facets of statutes as well as labour laws.

We have years of experience, knowledge, and expertise in the following fields : 

• Statutory advisory services
• Statutory compliance audit
• Statutory benefits administration

Complete coverage of all labour rules & regulations - Shop and Establishment Act, Labour Welfare Fund, ESI Act, Bonus Act, Factories Act, PF and Misc Provisions Act, and Minimum Wages Act.

Advantages of Outsourcing Compliance

Our esteemed clients’ advantage from outsourcing statutory compliance management in several different modes.

• On time compliance as well as adherences to all the diverse statutes and labour regulations
• A lessening in the labour overheads
• Comprehensive and precise maintenance all records that are related to compliance
• Sound corporate governance
• Evasion of all litigation as well as allied prices that might arise out of non-compliance
• An increase in concentrate on strategic business sections

Our Scope of Work

We proffer our outstanding services across India, covering all the following underneath the labour acts that are valid to your factory of establishment :

• Advantages beneath labour legislations
• Maintenance of statutory records, registers, returns, and notices
• Constant monitoring of contractor compliances
• Audit of Labour Law compliance
• Exemptions underneath labour legislations
• Accident coordination activities
• Remittance of statutory payments
• License application amendment / renewal
• Nominations under various legislations
• Liaison with Labour, Factories, PF and ESI authorities

When a client involves us, we conduct a one-time audit before the task to assess the present standing of statutory compliance as per different State as well as Central Acts. Then, we organize a thorough audit report, which we present to the client. This audit will reveal all the weak as well as strong fields in terms of compliance, and lay out an apparent plan on how to move ahead. Completely based on the audit findings and consultation with the esteemed clients, afterwards we proceed other activities to ensure that the business is 100% compliant to all statutes and labour laws.

No matter, what is the actual size of your organisation is petite, mid, or big – you no doubt face the rising challenge of complying with the swiftly changing and highly difficult compliance needs.

To know, how we can assist and help your organization with our array of Statuary and Compliance Outsourcing Solutions, call us on 011-46067710 or visit our website www.megasoftsol.com

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions

Statutory Compliance - Ensure Compliance With Laws, Beat The Market Force!

It is essential for businesses to comply with the statutory as well legal norms in India and overseas. An employer not only requires to remain 100% officially compliant but also stays familiar to the ever evolving statutory laws, especially in unsure political environment like India. This needs valuable time, full effort, and resource allocation, which otherwise can be spared to emphasize more on organizational core competency.

At Megasoft Solutions, we offer statutory compliance services as a perfect solution to make sure that clients stay at the correct side of all their legal and statutory requirements and remain 100 percent legally compliant.

The chief differentiators of Megasoft statutory compliance services in India are an outstanding team of experts, advanced technologies, and mature proven processes that facilitate us as the primary choice to partner with in the dome of Statutory Labor Law Compliance in India.

Shop & Establishment (S&E) Compliance Services : -

Megasoft Solutions makes sure that clients 100% comply to the provisions of state exact Shops & Establishments Act. Megasoft experts offer not only good but the best services right from the registration to planning, preparing, and maintaining several Records and Registrations. Megasoft helps clients in holistically complying with other day-to-day business provisions of the Act related to payment & deduction of wages, working hours, opening & closing timing of shops, gazetted holidays, employment of women, etc.

Factory Compliance Services : -

Megasoft highly skilled and qualified experts help factory landlords to comply with the numerous provisions of Factories Act comprising of provisions related to :

• Health, Safety, and Welfare of the Workers
• Factory Registration and day-to-day Operations
• Conducting various Audits as well as Inspections
• Planning, Preparation, Maintenance, and Submission of several Returns, Forms, Records & Registers
• Labor Laws governing Eligibility, Working Hours, and Minimal Salary/ Wages of Workers

Payroll Compliance Management Services : -

Megasoft Solutions has industry best processes as well as tools built on advanced technologies significant to support rules & regulatory standards and exact Payroll & Labor laws valid to India. Megasoft provides payroll services to all the industries and sectors and manage their regulatory as well as statutory compliances for Professional Tax, Provident Fund, Labor Welfare Fund, ESIC (Employees' State Insurance Corporation), and other deductions as related to your specific industry. We help you efficiently :

• Prepare Statutory Reports comprising of drafting, making and filing of PF forms, challans, and inspections
• Identify, Prepare and Remittance of Taxes as per the relevant local statutory norms and standards
• Arrange, Send, Assess, Submit, and Synchronize ESI wages, while supporting on Audits and Inspections

Contract Labor Regulation and Abolition Act (CLRA) Management : -

As contacts and contract labors have become a normal slice of modern businesses, organizations must comply with the present CLRA Acts governing such involvements. Megasoft’s team of experts in CLRA compliance management, makes sure that the clients sporadically comply with all the provisions related to the Acts and efficiently trace, documentation, maintain, and submit several registers including:

• Register of Salaries / Wages
• Muster Roll

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.