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Nikhil@nikhil16068mbar3
75 Bookmarks
MSME FORM 1
Business7 hours ago
Source: MSME FORM 1
In today’s compliance-driven environment, MSME Form 1 ensures timely payments and transparency for Micro and Small Enterprises by mandating half-yearly disclosure of dues pending beyond 45 days. Notified under Section 405 of the Companies Act, 2013, it applies to all companies dealing with Udyam-registered micro and small vendors. The filing helps track payment discipline, boosts MSME liquidity, and strengthens vendor trust—impacting ESG ratings, due diligence, IPO readiness.
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GUIDE TO ESOP TRUST
Business1 days ago
Source: GUIDE TO ESOP TRUST
The ESOP Trust setup involves designing the scheme, securing corporate approvals, forming the trust, funding, acquiring shares, granting options, valuation, defining exit routes, addressing taxation, and governance. SEBI’s 2025 amendments now allow promoters to retain ESOPs granted over a year before IPO filing, reshaping startup incentives. SKMC Global ensures compliant structuring, accurate valuation, independent trusteeship.
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Removal of Company Auditor
Business2 days ago
Source: Removal of Company Auditor
Under the Companies Act, 2013, removing an auditor before their term requires board approval, a special resolution in a general meeting, and prior Central Government consent (via Form ADT-2). The process demands proper justification, compliance with timelines, and accurate documentation to avoid legal hurdles. SKMC Global assists businesses by ensuring procedural accuracy, preparing requisite filings, and guiding through approvals—helping companies achieve smooth.
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CSR AND COMPUTATION OF THE CONTRIBUTION AMOUNT
Business3 days ago
Source: CSR AND COMPUTATION OF THE CONTRIBUTION AMOUNT
The Corporate Social Responsibility (CSR) under the Companies Act, 2013 mandates eligible companies to invest at least 2% of average net profits (as per Section 198) from the past three years into approved social or environmental projects. Applicability depends on net worth, turnover, or profit thresholds. Accurate profit computation, timely spending or transfer of unspent amounts, and CSR-2 filing ensure compliance. SKMC Global guides businesses in calculating obligations.
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The Scope of LRS
Business7 days ago
Source: The Scope of LRS
In today’s global economy, seamless cross-border money transfers are vital for business, education, and investment. For Indian residents, the Liberalised Remittance Scheme (LRS). At SKMC Global helps businesses and individuals navigate LRS with expert guidance, documentation, and end-to-end compliance support.
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SBO Compliance
Business9 days ago
Source: SBO Compliance
Significant Beneficial Ownership (SBO) aims to uncover the real individuals who, directly or indirectly, own, control, or significantly influence a company or LLP. Governed by Section 90 of the Companies Act, 2013 and SBO Rules, 2018, a person is deemed an SBO if they hold (alone or jointly, directly or indirectly) at least 10% of shares, voting rights, distributable income, or have substantial influence over management or policy decisions.
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Procedure to strike off a company
Business10 days ago
Source: Procedure to strike off a company
If a company or LLP becomes dormant or inactive, striking it off is a simplified, cost-effective exit route compared to formal winding-up. With regulatory evolution and the introduction of centralized platforms like C-PACE, the strike-off process has become faster and more efficient. This procedure offers entrepreneurs and corporates a streamlined way to legally close operations. However, proper due diligence, accurate documentation, and compliance.
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Registering a Partnership Firm in India
Business12 days ago
Source: Registering a Partnership Firm in India
Choosing between a Partnership Firm and an LLP depends on factors like business nature, risk appetite, and growth goals. While a traditional partnership under the Indian Partnership Act, 1932 suits small, low-risk ventures valuing simplicity and mutual trust, an LLP under the LLP Act, 2008 is ideal for businesses seeking limited liability, credibility, scalability, and continuity—making it the preferred choice for modern, growth-oriented enterprises.
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Procedure of Appointment of KMP under Companies Act, 2013
Business13 days ago
Source: Procedure of Appointment of KMP under Companies Act, 2013
The Key managerial personnel (KMP) are central to a company’s efficiency, compliance, and financial health. The Companies Act, 2013 promotes transparent governance through structured appointments, defined board roles, and regulated remuneration. Evolving procedures, like the 2023 MR-1 changes, reflect an increasing emphasis on strong internal controls. While KMPs execute the board’s vision, the board must ensure their adherence to legal and ethical standards.
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Double Taxation Avoidance Agreement (DTAA) for Cross-Border Businesses
Business14 days ago
Source: Double Taxation Avoidance Agreement (DTAA) for Cross-Border Businesses
In today’s globalized world, businesses are no longer confined by borders. Expanding internationally opens doors to new markets—but also to double taxation: paying tax abroad and at home on the same income. That’s where the Double Taxation Avoidance Agreement (DTAA) comes in. It's a treaty between two countries designed to prevent or reduce taxing the same income twice. Beyond tax relief, DTAAs foster economic cooperation, reduce evasion, and bring clarity to cross-border taxation.
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