Audit and Consultation

Seeking for consulation in Labour law, Vendor risk management and legal compliance?

Versutus provides audit and consultation services across vendor compliance & labour laws and regulations.

Business Expansion demands the right expertise in legal and compliance management, versutus helps organizations in assessing vendors’ risk in business operations and several statutory requirements in labour law legislation.

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Our Audit and consultation services:

Versutus enables its client to meet ethical and legal standards, bringing governance in compliance with regulations. Defining corporate objectives across due diligence policies and compliance concerns.

Labour Law Compliance

The landscape of labour laws is constantly evolving with the latest developments, organizations must ensure compliance with legal laws. Versutus enables all its clients abreast of changes in compliance and keeps them up to date.

Vendor due diligence

Businesses often rely on vendors and trusted business partners to achieve their business goals. Ensuring vendors are legitimate, credible organizations that are compliant with regulatory authorities is a stringent measure organisation should regularise.

Labour Law compliance Involves:

Licence application/amendment/renewal.
Operations of Provident fund including trust fund.
Operations of super annuation trust.
Operation of gratuity trust.
Detailed audit on all labour related documents.
Remittance of statutory payments.
Liaison with Factories, Labour, ESI and PF authorities.
Registration and Board of Apprenticeship Training (BOAT)
Registration and supporting activities under NATS(National Apprenticeship Training Scheme)
Creation of POSH policies, periodical updation.
Conducting seminars and enquiries on POSH.

Vendor Due Diligence Involves:

Course Correction and consultation.
Verify accreditations, certifications and any other similar documents.
Inspecting financial and operational discipline of vendors.
Assessing the Tax incidence and levy, in any deal/contract.
Analysis of risk exposure and liability of pricipal employer in terms of vendor engagement.

Consultation of Labour Laws under:

The Factories ACT, 1948
Prevention of Sexual Harassment - (POSH act 2013)
Shops and Commercial Establishments Act
The Employees Provident Funds and Miscellaneous Provision Act - 1952 (EPF)
The Employees State Insurance Corporation Act - 1948 (ESIC)
The Professional Tax Act (PT) 1975
The Labour Welfare Fund Act (LWF) 1965
The Contract Labour (Regulation & Abolition) Act - 1970 (CLRA)
The Child Labour (Prohibition & Regulation Act), 1986
The Minimum Wages Act-1948
The Payment of Wages Act-1936
The Payment of Bonus Act-1965
The Maternity Benefit Act-1961
The Payment of Gratuity Act-1972
The Equal Remuneration Act-1976
The Employment Exchange Act-1959
The Employees Compensation Act-1923
BOWC Act-1996

Why Versutus for Audit & Consultation?

Pan-India presence

With branches and associates located in length and breadth of the country, you don’t need to look for different Compliance Partners.

Zero Tribunal

Versutus takes pride in its track record of having a high success rate and a growing track record of protecting clients from tribunals and litigation.

Excellent rapport with Officials

Having a decade – long time experience in the field, Versutus has established an excellent relationship with various Government authorities for a seamless deliverance.