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Statutory Compliances & Retirals Benefits Management

In today’s environment of increased scrutiny, many multinationals are transforming their approach to compliance. The compliance environment is growing more complex and onerous due to which for any organization, it becomes very difficult to complete all the legal acquiescence related to Labour Law. The statutes of labour laws are constantly changing and evolving, and it is of utmost important to keep updated with of all the latest amendments and ensure compliance.

With an average of 10+ years of experience in labour laws and compliance related activities, Mynd provides consistent support for different industries across India. We are well – recognized for lending highly efficient services. We customize our services to cover all obligations of our clients under various central or state specific labour laws depending upon the industry and as per their locations or jurisdictions in India.

We have a good team of staff who perform to the higher standards to meet critical deadlines and ensure quality. We guarantee a holistic approach to labour law compliance, risk management, statutory compliance and their adherence. Our timely compliance of various statutes and labour laws helps you to manage and concentrate on the primacies that constantly change your business environment

Statutory Compliance Administration

Comprehensive Coverage of Labour Laws

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Team and automation involvement

Our Compliances Services Includes:

Auditing Services

We conduct statutory compliance audits/reviews for Employer and its contractors/ sub-contractor Methodology

  • Understanding relevant compliance requirement
  • Evaluation of clients statutory compliance record
  • Evaluation of any associated vendor statutory record
  • Examination and Review (All statutory records & documents maintained for compliance)
  • Gap analysis & preparation of report
  • Preparation of report highlighting area of non-compliance
  • Discussion of recommendation with management
  • Detailed report highlighting any deficiencies in the client’s current statutory compliance system.

Statutory Advisory Services

Provide a management services on a legal platform that ensure compliances

  • Advisory on the applicable law related compliance matters on regular basis
  • Standing orders guidance & support wherever applicable
  • Support on Policy Implementation for Prevention and Redressal of Sexual Harassment
  • Identification of the applicable labour regulation
  • Drafting &Vetting of compliance policy and reports
  • Drafting retrenchment/termination/acceptance letters

Compliance Automation

For Automation Compliance Tool Screenshots– Please click here

Retirals Benefits Administration

Mynd's retirement benefits platform is a one stop solution to clients, irrespective of being a Government run RPFC or having their own trust for PF, Superannuation, Gratuity and Pension. The process operates on a web enabled platform which brings accountability and transparency to the complete process. The bouquet of services offered includes:

  • Provision of tangible and in-tangible benefits by setting up an in-house Fund to Client's organization and its employees
  • Handling complex activities related to obtaining approvals from Income Tax Department, Ministry of Labour, CPFC, Insurer and /or any other department
  • Drafting of trust deed and rules including all legal activities in this regards
  • Day to day administration services for Fund including Investment advisory, accounting, legal and employee transactions
  • Processing services with latest automation techniques
  • Transparent and IT enabled Help Desk Services for Members

Mynd adopts a strategic approach to help clients manage all aspects of their employee's Retirals benefits administration and deliver the following advantages-

  • Bring transparency and accuracy to the entire process
  • Enhance investment performance by utilizing refined asset allocation, risk management strategies and other facets
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