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skmc global
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GST on Advance Payments
Business3 hours ago
Source: GST on Advance Payments
GST on Advance Payments refers to the tax liability that arises when a business receives payment before supplying goods or services. Under GST law, tax is payable on advances received for services, but not typically for goods, unless specifically notified. When an advance is received, the supplier must issue a receipt voucher and pay GST at the applicable rate.
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CDSCO Registration under The Drugs & Cosmetics Act 1940
Business1 days ago
Source: CDSCO Registration under The Drugs & Cosmetics Act 1940
India’s healthcare and pharma sectors are among the fastest-growing globally, with a strong focus on the safety, quality, and efficacy of drugs and medical devices. CDSCO registration, governed by the Drugs & Cosmetics Act, 1940, plays a vital role in this. CDSCO (Central Drugs Standard Control Organization), under the Ministry of Health & Family Welfare, is the national regulatory authority for drugs and medical devices in India.
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CDSCO Registration in India
Health2 days ago
Source: CDSCO Registration in India
CDSCO registration is not a simple process, but yes, it would be simple if proper knowledge is gained in CDSCO documents and guidelines and one goes by a systematic process. We are an Indian manufacturer or foreign manufacturer with ambitions in the Indian market, the correct CDSCO license or CDSCO import license is the beginning to abide by the law and a lucrative business in the long run.
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India’s Manufacturing Advantage: A Strategic Opportunity for Global Investors
Finance2 days ago
Source: India’s Manufacturing Advantage: A Strategic Opportunity for Global Investors
India is rapidly positioning itself as a global manufacturing hub, attracting foreign investors seeking long-term growth, efficient operations, and broad market access. While China has long dominated the sector, shifting dynamics now place India in the spotlight. Backed by robust government initiatives like Make in India, PLI schemes, and business-friendly reforms, the country is transforming from a low-cost outsourcing base to a value-driven industrial powerhouse.
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ROC Compliance Requirements for Unlisted Companies in India
Finance4 days ago
Source: ROC Compliance Requirements for Unlisted Companies in India
In India, running a company means not just innovating or earning profits, but also ensuring compliance with legal requirements. Whether it's a Private Limited, Unlisted Public, OPC, or Section 8 Company, all must follow annual obligations under the Companies Act, 2013—commonly called ROC Compliance. This involves filing forms and disclosures with the Registrar of Companies (ROC), a wing of the Ministry of Corporate Affairs. Non-compliance can lead to penalties, loss of credibility.
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Loans to Company Directors: A Legal and Ethical Framework
Finance5 days ago
Source: Loans to Company Directors: A Legal and Ethical Framework
In the business world, loans to directors are a sensitive issue governed by strict legal scrutiny. Section 185 of the Companies Act, 2013, regulates such transactions, ensuring companies don't misuse funds or enable conflicts of interest. Any loan, guarantee, or security offered to directors or their related entities is closely monitored to prevent abuse of power. While the law initially imposed a complete prohibition, later amendments introduced exceptions—especially for private companies.
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A Guide to Compensation to Director in Indian Corporates
Finance6 days ago
Source: A Guide to Compensation to Director in Indian Corporates
Director compensation in Indian corporates is governed by the Companies Act, 2013. It includes salary, commission, sitting fees, stock options, and other perks. For executive directors like MDs or CEOs, remuneration must align with limits under Schedule V unless approved by shareholders. Independent and non-executive directors usually receive sitting fees and profit-based commission. Public companies must disclose director pay in board reports.
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Everything About WPC Certificate: A Complete Guide for Importers and Wireless Device Manufacturers
Business7 days ago
Source: Everything About WPC Certificate: A Complete Guide for Importers and Wireless Device Manufacturers
If you're importing or selling wireless devices in India, securing a WPC certificate is essential. The WPC full form is Wireless Planning and Coordination, which regulates spectrum use under the DoT. Devices like routers, Bluetooth speakers, and smart wearables require a WPC certificate for import. Customs check the WPC certificate in clearance to ensure compliance. For de-licensed bands, an ETA certificate for wireless (aka WPC ETA certificate) is issued.
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Logistics Outsourcing: The Backbone of Future-Ready Supply Chain Management
Business8 days ago
Source: Logistics Outsourcing: The Backbone of Future-Ready Supply Chain Management
In today’s fast-paced, competitive market, efficiency is a necessity. Companies must cut costs, eliminate waste, and ensure fast, reliable delivery. Logistics outsourcing plays a key role in this transformation—shifting traditional supply chains into agile, tech-driven systems. By partnering with experienced third-party logistics providers, businesses gain access to advanced tools, scalable solutions, and industry expertise. This not only streamlines operations but also enhances flexibility.
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Understanding FDI Norms- A Guide for Foreign Investors in India
Finance9 days ago
Source: Understanding FDI Norms- A Guide for Foreign Investors in India
FDI (Foreign Direct Investment) norms in India outline the rules for foreign investors entering Indian sectors. Investments can come through the Automatic Route (no prior approval) or Government Route (requires approval). FDI policies set sectoral caps, ownership limits, and compliance requirements. They promote transparency, safeguard national interests, and attract global capital. Proper understanding ensures smooth entry and long-term success in the Indian market.
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