Corporate Compliance

Statutory Compliance

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At People Prime, we are steadfast in our commitment to comply with all statutory and regulatory requirements as per the applicable laws and regulations. Our dedication to compliance ensures that we operate within the legal frameworks that govern social security, health, welfare, and labor laws. The following acts and regulations are integral to our compliance framework:

  • Maternity Benefit Act 1961
  • Payment of Bonus Act, 1965
  • Equal Remuneration Act, 1976
  • Minimum Wages Act, 1948
  • Employees’ State Insurance Act, 1948
  • Employees' Provident Funds and Miscellaneous Provisions Act, 1952
  • Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013
  • Labour Welfare Fund Act of the respective state jurisdictions
  • Contract Labour (Regulation and Abolition) Act of the respective state jurisdictions
  • Workmen Compensation Act, 1923

Compliance Framework

Commitment to Legal Compliance : People Prime Worldwide commits to full compliance with all relevant local, state, national, and international laws and regulations. Our compliance framework is designed to identify, understand, and adhere to all statutory obligations affecting our business operations.

Employment Laws : Adherence to labor laws, including minimum wage, working hours, overtime, and conditions of employment. Ensuring compliance with employment-related regulations such as anti-discrimination laws, workplace safety, and employee rights.

Corporate Governance : Compliance with corporate laws related to company formation, reporting, and governance structures. Ensuring timely filing of annual reports, financial statements, and other mandatory disclosures.

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Monitoring and Auditing

Internal Audits : Regular internal audits to assess compliance with statutory requirements and identify areas for improvement. Documentation of audit findings and implementation of corrective actions to address non-compliance issues.

External Audits : Engagement of independent external auditors to review compliance with statutory requirements. Ensuring transparency and accountability through third-party verification.

Compliance Reporting : Regular reporting to the Board of Directors and senior management on compliance status and any significant issues. Maintaining accurate and up-to-date records of all compliance activities and reports.

Clients we Serve

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