What Is Statutory Compliance?

Statutory compliance can be defined as a predetermined framework within which organizations are
supposed to operate. In essence, companies have to adhere to certain norms and rules regarding
how they handle their employees and activities related to their employees.

Companies must interact with employees so that they are within the rules and laws of the nation
and state they’re operating in. The rules and implementation differ from nation to nation; however,
it’s always best to ensure your company is well within the boundaries of the legal framework.

The laws are made to keep employees, employers, and the organization safe and free of any liability.
Failing to adhere to these laws can lead to severe legal consequences for all parties involved.

List of Statutory Compliances in India

It’s essential to make yourself familiar with all the relevant statutory compliances. Remember that
while these documents are easy enough to track down, you need to ensure you have access to all
the updated circulars and revisions made. That part may not be so easy to do on your own.

1. Shops and Commercial Establishments Act (S&E)

2. The Child Labour (Prohibition & Regulation Act), 1986
3. The Professional Tax Act (PT) 1975
4. The Employees Provident Funds and Miscellaneous Provision Act – 1952 (EPF)
5. The Labour Welfare Fund Act (LWF) 1965
6. The Minimum Wages Act, 1948
7. The Payment of Wages Act, 1936
8. The Payment of Gratuity Act, 1972
9. The Employees State Insurance Corporation Act – 1948 (ESIC)
10. The Contract Labour (Regulation & Abolition) Act – 1970 (CLRA)
11. The Payment of Bonus Act, 1965
12. The Equal Remuneration Act, 1976
13. The Maternity Benefit Act, 1961
14. The Factories Act, 1948
15. The Industrial Establishment (N&F) Act, 1963
16. The Employment Exchange (Compulsory Notification of Vacancies) Act-1959
17. The Interstate Migrant Workmen (Regulation of Employment and Conditions of Services)
Act, 1979
18. The Employees Compensation Act, 1923
19. The Industrial Employment (Standing Orders) Act 1946 – Model Standing Order Only
20. The Industrial Disputes Act, 1947
21. The Apprentice Act, 1961
22. Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013
23. The Trade Unions Act, 1926

While all the above-mentioned statutory compliances are essential, they may not all affect your
business.