Governance
Compliance & Risk Management
We have created various risk management models in the interest of our clients, so they can focus on their function and not on administration.
Risk Management Model
Four Pillars of Risk Management
Compliance Risk
Business Risk
Process Risk
Information Risk
Compliance Risk Management
Staying Ahead of Labour & Taxation Law
- Embedded all labour & taxation laws and their application into our standard process
- We update ourselves and our customers constantly on amendments — through various memberships and customer newsletters
Risk Management Process
- Strong centralized compliance department
- Panel of country's best labour lawyers and legal advisors
- Internal risk assessment process, conducted monthly
- Online compliance status reports
A Few Examples of Implementation
- ESIC sub-codes
- Never defaulted on PF payouts since inception
- Service tax audits cleared till last year
- Minimum wage followed for all states
Regulatory Coverage
Applicable Labour Laws & Taxes
| Labour Laws | |
|---|---|
| Payment of Wages Act, 1936 | |
| Minimum Wages Act, 1948 | |
| Workman Compensation Act, 1923 | |
| Payment of Gratuity Act, 1972 | |
| Payment of Bonus Act, 1965 | |
| Contract Labour (Regulation & Abolition) Act, 1970 | |
| Employee Provident Fund Act, 1952 | |
| Employee State Insurance Act, 1948 | |
| Maternity Benefit Act, 1961 | |
| Equal Remuneration Act, 1976 | |
| Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959 | |
| National & Festival Holidays Act, 1942 | |
| Weekly Holidays Act, 1942 |
| Taxes |
|---|
| Professional Tax |
| Income Tax |
| Labour Welfare Fund |
| Service Tax / GST |
Risk Management Plan
Business Risk & Process Risk Management
Business Risk Management
- Business continuity plan
- People attrition management
- Code of conduct
- Strong legal team
- Safe employee contracts
- Insurance against indemnities
- Hygiene policies
Process Risk Management
- ISO 9001:2008 certification
- Contingencies on every service delivery team
- Cross-functional trainings
- Strong back-end controls to maintain standardisation
- Process audits
Information Security
Availability, Integrity & Confidentiality
- Secure technology
- Disaster recovery site & process
- Strong backup & restoration process
- IT security policy
- Non-disclosure agreements
Availability
Integrity
Confidentiality
Compliance You Can Rely On
Talk to our legal and compliance team about your specific requirements.