Businesses all around the world are realising that majority of the risks arising due to non-compliance and related matters affect the profitability and performance. Our Compliance Solutions provides an integrated platform for managing and mitigating operational risks which arise due to non-compliance. The platforms help in building a hassle free environment to meet the regulatory, standards and internal control requirements of an organisation on a consolidated basis and gives an entity a holistic view of the overall compliance requirement. Our Compliance Services is a Knowledge process outsourcing service offering HR Compliance Services. Being a national player in this domain, we have expertise in the labour legislation enacted by the central government as well as various state governments (including the union territories) and its similarities, differences and procedural nuances.
We believe that complying with regulatory requirements should be business enhancing and not business hindering. By developing tailored compliance processes for our clients that account for the individual practices relating to size, strategy, structure, geography and business practices, Astute Compliance is able to create and maintain cost effective business and regulatory programs that will withstand the scrutiny of regulators, auditors and investors.
We are a truly a Pan-India services provider, which operates with its own resources and infrastructure in all the states with complete expertise in the labour laws. Our distinguished list of clients across all industries speaks volumes about our credentials and capabilities.
Astute Compliance is a preferred choice by corporate houses which strongly believe in corporate governance. We also add credibility by ensuring confidentiality and protect our client’s sensitive data against any compliance, financial or reputation risks.
Astute Compliance provides a comprehensive Compliance Library and serves as a one-stop solution for all your compliance requirements. It helps you address the most critical and complex domain of your business with ease and minimum hassles. It helps you establish accountability in your organisation by letting you Assign-Track-Analyze all the compliances!
The focus on both local and global markets for mobilisation of resources has made Corporate Governance increasingly difficult. We offer Consultation and Audit Services on the labour legislative part of compliance which is an integral component of corporate governance.
Geographical spread and variations in state laws pose a challenge in ensuring compliance starting from registration of an establishment/branch to handling inspections by Government Officials. Astute Compliance supports companies to obtain necessary exemptions for uninterrupted and hassle-free business operations. Clients would be updated on the amendments in the legislations for appropriate timely decisions and actions.
Our expertise in HR statutory compliance and pan India presence enable us to offer a single window partnering platform for companies that have their establishments spread across several states.
Compliance for a new factory or an existing factory not only calls for knowledge but also requires enormous efforts on the administrative front. Effective monitoring system should be in place to ensure the voluminous compliance activities are carried out on time. All these efforts are essential to maintain a congenial IR climate apart from compliance and governance.
Our Factory Compliance Services offers the client the required knowledge base and designs technology driven systems and processes for completion of clerical activities to ensure compliance on a routine basis, thus freeing the client to focus on development and IR climate.
The process will also involve coordinating with various Government bodies for obtaining statutory requirements, processing of data, consulting and apprising the client of any changes in the legislations for appropriate and timely actions to ensure complete compliance.
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.
Our Contract Labour Compliance Services is beneficial for all stakeholders: the principal employer, contract workforce and the contractor. 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.
Whether it be a green field site, a mine, an established factory, a commercial establishment or a retail outlet, we ensure:
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.
With our expertise, adequate skill sets, pan-India presence, well defined process and with appropriate technological support could facilitate Payroll Compliance Services. The spirit behind the following legislations would be taken care of through this service:
Corporate entities have been tasked with securing safety, health standards, protecting and promoting environment in all of the business processes. Being compliant in these regards, certainly, provides conducive atmosphere for the people at work, contributes towards corporate governance, ensures considerable credibility, cultivates competitive edge and protects entities from risks and penalties.
Business start-up, maintenance and development invariably demand numerous registrations / licensing that stem from the nature of business interventions, form of ownership, and business location. Proceeding with operations without the necessary registration/license/permit is illegal and puts the business owner at risk for permanent closure, heavy penalties and interest.
To legally operate in India, most of the businesses call for more than one license / registration / permit and the business owners have to deal with Central, State and even civic bodies to obtain such licenses. The process, often, is found tedious, voluminous, expensive, time-consuming and at times frustrating.
Astute Outsourcing, with its pan-India presence; with its sustained rapport with licensing / registering authorities at Central, State and the local civic-body levels and with its expertise on the related subject is well positioned in supporting the corporate entities towards obtaining / renewing licenses within the shortest possible turn-around time.