What is Statutory compliance

Question

Accepted Answer

Statutory compliance refers to the adherence to laws, regulations, and policies set by the government or relevant authorities.

It involves ensuring that an organization follows all legal requirements related to employment, taxation, health and safety, and other areas.
Examples of statutory compliance include maintaining accurate employee records, paying minimum wages, filing tax returns, and providing a safe working environment.
Non-compliance with statutory requirements can result in legal penalties, fines, or reputational damage.
Human resources professionals play a crucial role in ensuring statutory compliance within an organization.

Accepted Answer

A statutory corporation is a government entity created as a statutory body by statute.

Accepted Answer

The Legislations that are applicable for a factory or an organisation to fullfill the Health, safety and Welfare of each Labourer within the premises and License that occupier need to apply to go for a commencement of manufacturing process

What is Statutory compliance

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