Teamlease Launches Web Portal To Help Firms Navigate Compliance Repository

Teamlease Services has launched a web portal to help companies navigate through a plethora of regulatory compliance norms they are required to follow every year.

Teamlease Services, a human resource firm, launched a web portal through which companies in India can keep track of a comprehensive set of compliance rules and regulatory filings at the state, central and local level. It also launched a mobile application, Rulezbook App, for a similar purpose.

In India, companies are required to take care of 58,726 compliances, involving 1,074 Acts related to labour, finance, taxation, secretarial, commercial and industry specific rules and it involves 3,069 annual filings. Of this, most compliances are related to the labour laws, both at the state and the central level.

“At present, there is no repository of this sort in the country. This is real-time in nature and companies can get regular updates on regulations and compliances delivered to them on e-mail based on their requirements. This is a free of cost service which will enable ‘ease of doing business’,” Rituparna Chakraborty, co-founder and executive vice-president at Teamlease Services said, while launching the product.

Source: Business Standard

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