Retail Statutory Records Sop
Statutory Record Maintenance
Our business has a high degree of visibility to Law unlike other industries. Compliance of licensing, NOCs and other statutory requirements are signs of good Corporate Governance, the absence of which would lead to adverse and negative publicity, which affects our business very badly.
Compliance to Statutory & Legal requirements need to be carried out with zero tolerance, as in case of any breach, there is a huge exposure to monetary liability besides exposing the personal liberty of our senior colleagues including the Managing Director to serious risk.
The following procedures have been put together to ensure compliance with all regulatory aspects of the Law which are relevant to Retail Operations.
The Store HR Executive is responsible for maintaining all the records mentioned in this SOP. The Store Manager is responsible for ensuring that all necessary regulatory papers & requirements are complied with.
The Store HR Executive in charge for the store shall also be responsible to understand if there are any regulations that are specific to the local area where the store is operating and shall collect information on the same to ensure that compliance happens. Similarly, in case some of the requirements set forth in this SOP are not being implemented or adopted in a particular area, the Store HR Executive shall confirm on the same.
1. Licenses and Permissions
▪ Following licenses, certificates & permissions have to be in place sufficiently in advance to the commencement of Store Operations :
1. Trade license from the concerned Corporation/Municipality within whose area the store is situated
2. License to sell food items as required under the Prevention of Food Adulteration Act
3. Drug License as required under the Drugs & Cosmetics Act
4. Insecticide License as required under the
Our business has a high degree of visibility to Law unlike other industries. Compliance of licensing, NOCs and other statutory requirements are signs of good Corporate Governance, the absence of which would lead to adverse and negative publicity, which affects our business very badly.
Compliance to Statutory & Legal requirements need to be carried out with zero tolerance, as in case of any breach, there is a huge exposure to monetary liability besides exposing the personal liberty of our senior colleagues including the Managing Director to serious risk.
The following procedures have been put together to ensure compliance with all regulatory aspects of the Law which are relevant to Retail Operations.
The Store HR Executive is responsible for maintaining all the records mentioned in this SOP. The Store Manager is responsible for ensuring that all necessary regulatory papers & requirements are complied with.
The Store HR Executive in charge for the store shall also be responsible to understand if there are any regulations that are specific to the local area where the store is operating and shall collect information on the same to ensure that compliance happens. Similarly, in case some of the requirements set forth in this SOP are not being implemented or adopted in a particular area, the Store HR Executive shall confirm on the same.
1. Licenses and Permissions
▪ Following licenses, certificates & permissions have to be in place sufficiently in advance to the commencement of Store Operations :
1. Trade license from the concerned Corporation/Municipality within whose area the store is situated
2. License to sell food items as required under the Prevention of Food Adulteration Act
3. Drug License as required under the Drugs & Cosmetics Act
4. Insecticide License as required under the