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skmc global
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Procedure to strike off a company
Business11 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
Business13 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
Business14 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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sox and internal control
Finance17 days ago
Source: sox and internal control
In today’s era of transparency and accountability, the Sarbanes-Oxley Act (SOX) stands as a cornerstone of global financial reporting. Introduced in 2002 after major corporate scandals, SOX reshaped how public companies manage financial data through strong internal controls. For U.S.-listed firms and certain foreign companies, SOX is not just compliance—it’s vital for risk management and investor trust. As internal audit demands grow, outsourcing has emerged as a smart solution.
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Importance of ICFR
Finance18 days ago
Source: Importance of ICFR
Corporate governance in India has heightened the importance of Internal Controls over Financial Reporting (ICFR), made mandatory under the Companies Act, 2013. ICFR is more than compliance—it ensures accurate financial reporting, prevents fraud, and strengthens investor confidence. It covers processes for initiating, recording, and reporting transactions, including approvals, reconciliations, segregation of duties, and IT controls.
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Why Do You Need Share Valuation?
Business29 days ago
Source: Why Do You Need Share Valuation?
Share valuation is the process of determining the fair value of a company's shares. It plays a critical role in various business scenarios such as mergers and acquisitions, ESOP allotments, fundraising, buybacks, and compliance with tax and regulatory laws. Accurate valuation helps ensure transparency, protects investor interests, and supports strategic decision-making. Whether for legal, financial, or investment purposes, professional share valuation.
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RoDTEP Explained: Key Requirements Under the DGFT Scheme
Other1 months ago
Source: RoDTEP Explained: Key Requirements Under the DGFT Scheme
Under the RoDTEP scheme, exporters are required to submit an annual return to the DGFT to promote transparency and ensure proper utilization of the benefits received. This return should provide comprehensive details of exports undertaken, RoDTEP credits claimed, and how those credits were utilized. Timely and accurate filing is essential to avoid penalties, maintain eligibility, and support future claim verifications. Failure to comply may result in increased scrutiny or suspension of benefits.
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Outsourcing HR & Payroll: The Smart Move for Modern Companies
Other1 months ago
Source: Outsourcing HR & Payroll: The Smart Move for Modern Companies
With rising costs, tight margins, and evolving workforce needs, many companies—especially small businesses—are turning to HR and payroll outsourcing. This growing trend involves hiring third-party experts to handle tasks like salary processing, tax filing, leave tracking, and compliance. Whether for basic payroll or full-service HR management, the goal remains clear: reduce hassle, save time, and stay compliant.
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A Complete guide on IFRS 9 impairment
Finance1 months ago
Source: A Complete guide on IFRS 9 impairment
IFRS 9 impairment model, scope of ifrs 9 Impairment, incurred losses to Expected Credit Loss (ECL), various stages, SICR, and real-world impact on financial reporting, transparency, credit risk management for businesses & finance professionals.
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RoDTEP scheme of DGFT
Business1 months ago
Source: RoDTEP scheme of DGFT
The RoDTEP scheme requires exporters to file an annual return with the DGFT to ensure transparency and proper utilization of benefits. This return must include detailed information on exports made, RoDTEP claims received, and their usage. Timely and accurate filing helps avoid penalties, ensures continued eligibility, and supports future claim validations. Non-compliance may lead to scrutiny or suspension of benefits.
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