FREQUENTLY
ASKED
QUESTIONS

1What services are covered under statutory compliances?
The services included are Provident Fund (PF), Employee State Insurance (ESI), Professional Tax (PT), Shops & Establishment Act, Contract Labour Management Act, POSH act, Maternity Benefits Act, All Local Labour Compliances (LLC) as an End to End solution.
2Do all the regulatory compliances are handled by Relativity?
Yes, Relativity helps the businesses to implement the right measures, policies, and processes to ensure regulatory compliance & adhere to company laws, labour law compliance, and employees’ benefits and compensation.
3Do you provide regulatory compliance across pan India?
No. Our regulatory compliance services are rendered at 16 major cities in India which includes Bangalore, Coimbatore, Chennai, Mumbai, Pune, Hyderabad, Delhi, Noida, Gurugram, Cochin, Trivandrum, Pondicherry, Hosur, Visakhapatnam and Goa.
4What are the statutory compliances required for India Payroll?
Statutory Compliances are necessary for all big & small companies safe from legal issues. Here is the list of statutory compliance in India which a company must adhere to,
  • Shops and Commercial Establishments Act (S&E)
  • The Employees Provident Funds and Miscellaneous Provision Act – 1952 (EPF)
  • The Employees State Insurance Corporation Act – 1948 (ESIC)
  • The Professional Tax Act (PT) 1975
  • The Labour Welfare Fund Act (LWF) 1965
  • The Contract Labour (Regulation & Abolition) Act – 1970 (CLRA)
  • The Child Labour (Prohibition & Regulation Act), 1986
  • The Minimum Wages Act-1948
  • The Payment of Wages Act-1936
  • The Payment of Bonus Act-1965
  • The Maternity Benefit Act-1961
  • The Payment of Gratuity Act-1972
  • Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) ACT, 2013
5Why is it necessary for companies to follow the legal and statutory compliance to operate business successfully?
Every company must conduct its business as per the laws, rules and regulations to meet legal & statutory compliance needs. Below are the reasons why companies should take legal & statutory compliance seriously for successful business operations.
  • To avoid legal liabilities
  • To get the right solution for your compliance needs
  • Avoiding penalties and other legal implications
  • Increased efficiency
  • Higher Employee Retention
  • Brand Loyalty
6What does an end to end statutory compliances services mean?
End to end statutory compliance means incorporating the laws and rules in your organizational policies and procedures, right from payment of minimum wages, PF, ESI, PT, maternity benefits to policies on sexual harassment at workplace.

Relativity services included are Provident Fund (PF), Employee State Insurance (ESI), Professional Tax (PT), Shops & Establishment Act, Contract Labour Management Act, POSH act, Maternity Benefits Act, All Local Labour Compliances (LLC) as an End to End solution.

Relativity starts engaging from Monthly, Quarterly & Annual Filings, One-time registrations & set up, Compliance audit, Advisory on specific problems and challenges, etc.
7What are all the acts that are covered under statutory compliances services?
Relativity’s statutory compliance services included various act are
  • Shops and Commercial Establishments Act (S&E)
  • The Employees Provident Funds and Miscellaneous Provision Act – 1952 (EPF)
  • The Employees State Insurance Corporation Act – 1948 (ESIC)
  • The Professional Tax Act (PT) 1975
  • The Labour Welfare Fund Act (LWF) 1965
  • The Contract Labour (Regulation & Abolition) Act – 1970 (CLRA)
  • The Child Labour (Prohibition & Regulation Act), 1986
  • The Minimum Wages Act-1948
  • The Payment of Wages Act-1936
  • The Payment of Bonus Act-1965
  • The Maternity Benefit Act-1961
  • The Payment of Gratuity Act-1972
  • Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) ACT, 2013
8What is the risk of being non-compliance?
The risk of non-compliance activity results in:
  • Fines & Penalties
  • Poor Growth
  • Inefficient Corporate Governance
  • Less scope or opportunities for a new business
  • Poor employee morale
  • Decrease in customer retention
  • Less Goodwill
9Does regulatory compliance vary for every company?
Regulatory compliance requirements vary by industry & location. But it's mandatory for every company. Relativity regulatory compliance services are rendered at 16 major cities in India. The cities are listed above.
1010. What are the advantages of being 100% compliant?
The advantages of being 100% compliant at Relativity are,
  • Reduction in organizational risk
  • Helps in realizing the startup’s vision
  • Profitable business
  • Complete, accurate and timely documentation of activities and expenses
  • Enhances relationship with regulators and other stakeholders
  • Attracts and retain talent in the organization

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