Statutory Compliances Registration is the formal procedure of obtaining necessary registrations, licenses, and approvals mandated by law so that a business can operate legally and comply with regulatory requirements. Explanation: When a company starts or operates, it must follow certain legal rules (called statutory compliances). To meet these rules, the business needs to register under different government authorities. This ensures: Legal recognition of the business Compliance with tax laws Employee welfare and labor law adherence Avoidance of penalties and legal issues