COMPLIANCE PRACTICE

The present day legal climate is one of uncertainty and

confusion. In most cases, a law comes to light only after its
contravention, resulting in severe penalties. Compliance
Management is a must in keeping you away from the long arm of
the law!
MCSL will help establish, evaluate, strengthen, monitor and
assess your compliance management program in an environment
of continuously changing needs and emerging risks.
Our Mission

Providing end to end solution on Statutory Compliance

Management with major thrust on:

Knowledge
Quality
Innovation
Accountability
Emergence

Overcoming traditional weakness developing in house

competencies with occasional help from external consultants
Transition from mere transactional to value added administrative
role unique service model
Focus to provide end to end solutions
Market Trend corrective actions vis--vis preventive steps
Improving standard of Corporate Governance SEBI Clause 49
(revised) and inclusion in the Companies (Amendment) Bill,
2003
Positioning

Diagnostics Compliance

Compensation Training
Consulting

HR Systems Public Systems

Practice
USP

Large Client Base (MMCL + MCSL)

Over 90,000 payroll records existing knowledge & capability
Compatibility with payroll solutions limit it up to report generation
for pushing this new practice case to case basis
Presence across 45 locations geographical spread
Unique service model end to end solutions
Our in-depth understanding of various industries
 Service Model Our offerings

STATUTORY COMPLIANCE INCLUDING

MANAGEMENT SERVICES STATUTES
RELATED TO
CONTRACTORS
& CONTRACT
EMPLOYEES

Statutory HR & Statutory Due Statutory Advisory Statutory Benefit

Compliance Audit Diligence Services Administration

Onsite Support (Help Offsite Support

Desk Model) (Remote Processing)
Competitors

Big 4 consulting firms (PWC, Limited offerings to counter

KPMG, E&Y & Hewitt) in Statutory
Audit, HR & Statutory Due
Diligence
with our broad range of services
Probable tie up with any one of
the big 4

Small Audit Firms in statutory

Audits & Statutory Advisory Lack of industry knowledge on
Services compliance management
identification of problem areas to
implementation support
Visbin Associates based out of
Bangalore (approx turnover of 5 Cross selling statutory
crores) Clients ITC, Wipro, Microland, management to payroll solutions
3M, Motorola, Health Scribe, Daimler
Chrysler Research Center Pvt Ltd., John
Brown Technologies India Limited., Lucent
Technologies Hindustan Ltd., Wipro GE
Medical Systems Limited., Wipro Limited -
Infotech Group (Hardware Group)., UB
limited.
BPL Ltd
Prospects Mapping our offerings
Organisation with one or more
branches spread across multiple
locations integration & control
Group Companies multiple
registrations and licenses
Expansion & Diversification
start from scratch
New Set-up MNCs entering
Indian market
Mergers & Acquisitions / New
Investment
Organisation with large no. of
contractors & contract
employees obligations of
principal employer
Chronic process failure and
repetitive non compliances
Statutory benefit Administration
& Periodical Statutory Audit
Statutory benefit Administration
& Periodical Statutory Audit
Statutory advisory services &
benefit administration
Statutory advisory services &
benefit administration
HR & Statutory due diligence
opening up possibilities of other
services
Contract Labour management,
Statutory advisory services &
benefit administration
HR & Statutory due diligence
Benefits - Offered

Assisting to develop good corporate governance & compliance

with Sec 49 (SEBI) & AS (Accounting Standard) 15
To concentrate on core activities
Reduction of variable cost and headcount
Integration of the operations spread across various location
Process driven approach focus on key deliverables
Enhancing the capability of ensuring compliances of various labour
laws
To avoid litigation arising out of non-compliances and thus
reducing the man-hour involvement and cost
Service Model - Life Cycle
Internal & External Customers
BILL NOMINATION
CHECKING FORM

HR & LEGAL
DEPARTMENT
CONTRACTUAL
CLAUSES ENROLEMENT
PF & ESIC
COMPLIANCE AUDIT

COMPLIANCE
CONTRACTORS PRACTICE EMPLOYEES

COMPLIANCE AUDIT
COMPLIANCE
CONTRACT
EMPLOYEES

STATUTORY
AUTHORITIES
INSPECTION
ASSISTANCE
COMPLIANCE
CHECK
Statutory Compliance Audit

Identification of applicable statutory rules and regulations

Compliance check as per provisions of various acts and rules
Gap identification and recommendations
Presentation of the draft report and discussion on observations /
findings
Submission of final report
HR & Statutory Due Diligence

Initial sensing understanding clients business need

Finalisation of Check List for various processes & activities
Risk assessment & evaluation adequacy and control measures
-major area to focus
Analysing various HR & Compliance policies and checking
documents pertaining to various activities
Financial liabilities associated with the processes if any is being
determined look into audited balance sheet & Annual report
Gaps being identified in the above process are transformed into
observations
Observations are analysed to form recommendations
Overview of the findings are presented to the client
Submission of final report
Statutory Advisory Services

New business set-up, Business Expansion, Diversification

Mergers & Acquisitions
Identification of the applicable labour regulations based on the
nature of business, project plan and geographical proximity
Drafting of the compliance report quoting the objectives, important
provisions, administrative issues and penalties
Procuring Registration and Licenses
Streamlining Statutory Compliance Administration with a special
emphasis on Contractors and Contract Employees related issues
Statutory Benefit Administration

Preliminary system / process study

Creation of necessary database
Maintenance of Forms and Registers, Challans and Returns
Ensuring compliance of provisions as per Acts and Rules
Assisting employees for ensuring coverage of statutory benefits
Compliance check on the applicable statutes for the contract
employees and the contractors
Periodical Statutory Compliance Audit for the client & contractors
Assistance during the statutory audits / inspections
Generating customised reports
Formation of need based project team Onsite / Offsite or
combination of both.
Our Expertise

Approximately 24 labour regulations

Factories Act
PF & Misc Provisions Act
ESI Act
Minimum Wages Act
Contract Labour Regulation and Abolition Act
Bonus Act
Employment Exchange Compulsory Notification of Vacancies Act
Apprentices Act
Professional Tax Act
Shop and Establishment Act
Labour Welfare Fund
Maternity Benefit Act
Payment of Wages Act
Some Success Stories

2005
POSCO / Project Cost: 12 billion USD Statutory Compliance
Report
KWIC / Project Cost: 2100 crores Statutory Benefit
Administration (MOM)

2006
Qualcomm Statutory Benefit Administration (MOM)
Fujitsu Consulting HR & Statutory Due Diligence
Mani Group HR Due Diligence
Challenges - POA

Lack of in-depth knowledge across Imparting continuous Training

consultants on compliance Engagement of External
management consultants selectively with pre
defined SLA

Multiple consultants integration

Small players pricing pressure of information, lack of
accountability, limitation in
handling multi-location
assignments

Scalability in future lack of Building up a robust system that

system support can take care of the routine
activities

Involvement with Labour Unions on Strict NO on such activities

certain negotiations / handling legal
cases / conciliation process /
disciplinary proceedings
 Striving for

100% Compliance!