Registers & Record Maintenance Services
Unlock Seamless Compliance with Expert Statutory Registers & Record Maintenance Services
Welcome to SANKHLA CORPORATE SERVICES PVT. LTD.
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Ensure your business is compliant with statutory requirements and maintain well-organized records with our expert services. Contact Sankhla consultants today to learn more about our statutory registers and record maintenance compliance services.
At SANKHLA CORPORATE SERVICES P. LTD, we specialize in ensuring your business meets all legal requirements for corporate compliance. Our expert services help you maintain accurate and up-to-date records, so you can focus on growing your business.
Importance of Statutory Registers and Record Maintenance
Maintaining statutory registers and records is crucial for legal compliance and effective corporate governance.
Here’s why it’s essential:
Ensure Legal Compliance
Stay compliant with corporate laws and avoid hefty fines and penalties.
Enhance Operational Efficiency
Keep your business operations smooth with well-organized records.
Build-up Stakeholder Trust
Establish trust with shareholders, directors, and regulatory authorities
Maintenance of Registers and Records: Ensuring Labour Law Compliance
The maintenance of registers and records is a critical aspect of compliance with various labour laws in India. Proper record-keeping not only ensures that businesses meet their legal obligations but also helps in effective workforce management.
Under acts like the Factories Act, 1948 and Contract Labour (Regulation and Abolition) Act, 1970, businesses are required to maintain detailed registers and records. These may include employee attendance, wage registers, overtime records, and more. Keeping accurate records ensures transparency in labour management and compliance with legal audits and inspections.
In addition, timely maintenance of employee records such as EPF (Employee Provident Fund), ESI (Employee State Insurance), and leave details can protect businesses from penalties and legal disputes.
A comprehensive approach to maintaining registers and records simplifies the process of compliance audits and ensures businesses meet the evolving regulatory requirements in India.
This proactive practice helps organizations streamline their processes, avoid penalties, and ensure smooth operations.
Our Compliance Services
We offer comprehensive statutory registers and record maintenance services, including:
Register of Members Management
- Maintain accurate shareholder information.
- Regular updates to reflect changes in shareholding.
Register of Charges
- Manage records of charges on company assets.
- Ensure compliance with charge registration requirements.
Debenture Holders Register
- Record detailed information of debenture holders.
- Conduct regular audits for accuracy and compliance
Deposits Register
- Manage details of deposits accepted by the company.
- Ensure compliance with deposit regulations.
Contracts and Arrangements Register
- Document all contracts and arrangements involving directors.
- Ensure transparency and uphold corporate governance standards.
Loans and Investments Register
- Monitor and record company loans and investments.
- Ensure compliance with financial regulations.
Director and Key Managerial Personnel Registers
- Up-to-date records of directors and key managerial personnel.
- Assistance with statutory filings and disclosures.
Why Choose Sankhla consultants for Compliance Services?
- Expert Compliance Team: Our professionals have extensive experience in corporate compliance and record maintenance.
- Tailored Solutions: We provide customized compliance solutions to meet your business needs.
- Advanced Technology: Utilize the latest technology for secure and accurate record-keeping.
- Continuous Support: Receive ongoing support and guidance to navigate complex regulatory requirements.
Our Proven Process
- Consultation and Assessment: We begin with a thorough consultation to understand your needs and assess your current compliance status.
- Implementation: We establish and maintain your statutory registers, ensuring all records are accurate and up-to-date.
- Monitoring and Audits: Conduct regular monitoring and audits to ensure ongoing compliance and address discrepancies.
- Reporting: Provide comprehensive reporting to keep you informed of your compliance status and any necessary actions
Maintenance of Registers and Records
It is required that these records be kept for a minimum of eight years.
Employers are required to maintain the following records:
- Register A: A register showing the details of the available surplus.
- Register B: A register showing the details of the allocable surplus.
- Register C: A register showing the set-on and set-off of the allocable surplus.
- Register D: A register showing the details of the amount of bonus due to each employee, the deductions under Section 17, and the amount actually disbursed.
Register and Record Maintenance Firm FAQs:-
What is record keeping?
Record-keeping refers to the systematic process of managing and maintaining an organization’s records and documentation. It involves:
- Creation and Collection: Gathering and generating records such as contracts, invoices, employee information, and correspondence.
- Classification and Organization: Categorizing records in a structured manner, making it easy to access and retrieve information when needed.
- Storage: Safely storing records, whether physically in file cabinets or digitally in databases, ensuring they are secure from damage or unauthorized access.
- Maintenance: Regularly updating and reviewing records to ensure accuracy and relevance, and making necessary corrections or additions.
- Retention: Keeping records for a specified period as required by legal or organizational policies before they are archived or disposed of.
- Disposal: Safely destroying or archiving records that are no longer needed or have reached the end of their retention period.
Effective record-keeping is crucial for compliance with regulations, efficient operations, accurate reporting, and protecting the organization’s interests.
What is record management?
Record management is the systematic process of creating, maintaining, and disposing of records to ensure effective operation and compliance with legal and regulatory requirements. Key aspects include:
- Creation and Capture: Identifying and documenting records at their inception, including emails, contracts, and reports.
- Organization: Categorizing and indexing records for easy retrieval and access, using systems such as electronic document management or physical filing systems.
- Storage: Safeguarding records in secure environments, either digitally using cloud storage and databases or physically in file cabinets and storage rooms.
- Maintenance: Regularly updating records, ensuring their accuracy and relevance, and conducting audits to maintain data integrity.
- Retention: Establishing and following policies for how long records should be kept to meet legal, regulatory, and operational requirements.
- Disposal: Properly disposing of or archiving records that are no longer needed, following guidelines to ensure sensitive information is securely destroyed or archived.
Effective record management improves efficiency, supports compliance, and helps manage risk by maintaining a well-organized, accessible, and secure record-keeping system.
Which process is responsible for recording the current details?
The process responsible for recording current details is often referred to as “Record-Keeping” or “Data Management.” This process involves:
- Maintaining Employee Records: Ensuring up-to-date information on employee details, including personal information, employment history, and contact details.
- Tracking Attendance: Recording employee attendance, including working hours, leave taken, and absences.
- Payroll Records: Documenting payroll information such as salary, wages, bonuses, deductions, and benefits.
- Compliance Documentation: Keeping records of compliance with legal and regulatory requirements, including licenses, registrations, and statutory contributions.
- Health and Safety Records: Recording data related to workplace safety, incidents, and safety training.
- Contract and Agreement Records: Maintaining up-to-date copies of employment contracts, agreements, and amendments.
Effective record-keeping ensures accuracy, supports compliance with regulations, and facilitates efficient management and auditing processes.
“Optimize your business with our expert Registers and Record Maintenance services. Ensure compliance, streamline processes, and stay organized with our comprehensive solutions. Contact us today!”