The Cost for MSMEs
For single-unit manufacturing MSMEs, this operational load translates to:
- Over 1,450 annual compliance obligations
- Up to ₹17 Lakh in annual compliance costs
Crucially, over 26,000 obligations carry imprisonment risks — and 80% of these originate at the state level, making state-level compliance an area that businesses cannot afford to overlook.
The Labour Code Transition
While consolidating 29 legacy labour laws into 4 unified Labour Codes is a significant step in the right direction and promises long-term simplification, multi-state enterprises currently navigate a challenging “dual-regime” phase as individual states finalise their local rules.
De-Risking Your Operations
Explore this infographic to understand the state-level compliance landscape and how TeamLease HRtech solutions can help de-risk your operations.
