Impact of New Labour Reforms on Labour Compliance Management in India


Posted October 29, 2020 by Avantis

New Labour Reforms Urges Entrepreneurs to Track Labour Compliance Consistently. How to Track New Labour Compliance as Per New Labour Reforms in India? Here is the Solutions
 
Managing compliance is very complex in India, businessman and enterprises looking out for statutory compliance management software in India. This article is about the labour compliance management software provider in India.

Why your company needs to automate the labour compliance?
The government is coming heavily upon companies that do not follow the due requirements for doing business, and the departments and governmental organizations that handle compliance are relying on technology to find defaulters.

Thanks to digitization, regulatory bodies and governmental departments that are dealing with compliance matters are more aware of the possible lapses, and the consequences obviously extend beyond basic fines, penalties.

The labour compliance environment is not just complex because 69,233+ requirements and over 3,000 filings, but also because most of the work is done manually and on paper. There is no doubt that it does compromise on transparency and the actual work being done. That is exactly where something like a SaaS solution, or compliance review software can come in handy.

Manual errors or missing statutory compliance matters is not just about fines and penalties alone. While the financial implications cannot be denied, the legal and reputation-related consequences are even more serious. Also, according to Companies Act, 2013, defaulters can be held liable for the labour compliance errors and lapses done by a company. In short, if you want to thrive and do business without these concerns, investing in compliance management software is probably the need of the hour.

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Contact Email [email protected]
Issued By Sandip Patil
Phone +91 8893594595
Business Address Avantis Regtech Pvt. Ltd. 9th floor, Amar Avinash Corporate Plaza,
Near Inox Theatre, Ghorpadi, Pune 411001
Country India
Categories Business , Legal , Software
Tags labour compliance automation , Labour compliance tracking tool , Labour compliance management automation , Labour compliance tracking software , Labour compliance review
Last Updated October 29, 2020