🚨 Important Update for Large Corporates & CPSEs! 🚨 The Ministry of MSME mandates: - All companies under Companies Act, 2013, with turnover > ₹250 Cr. - All Central Public Sector Enterprises (CPSEs). Action Required: - Onboard onto Trade Receivables Discounting System (TReDS) platforms by 31st March 2025. 💡 This step aims to improve liquidity and streamline payments within the MSME sector, empowering growth and supporting a stronger business ecosystem. For those yet to transition, it’s vital to act soon and embrace this move towards greater financial inclusivity and transparency in trade. #MSME #TReDS #BusinessCompliance #Liquidity #IndiaBusiness #FinancialGrowth #MSMEDAct
Eesha G & Associates
Legal Services
Chandigarh, Chandigarh 67 followers
Practicing Company Secretary | Corporate Legal Advisor | Compliance Manager | Startup Consultant | Open for Retainership
About us
At Eesha G & Associates, we are dedicated in providing comprehensive corporate law and secretarial advisory services, designed to address the multifaceted needs of businesses across diverse sectors. We specialize in delivering tailored solutions that enable our clients to meet regulatory requirements and optimize their business operations. Our firm takes pride in offering an array of specialized services including: - Business Setup Advisory - Compliance Advisory - Business Growth Advisory - Contract Drafting & Negotiation - Corporate Governance & Risk Management - NCLT and NCLAT Representation We understand the complexities and challenges that businesses face in today’s dynamic regulatory landscape, and our goal is to provide insightful, forward-thinking solutions that ensure compliance while promoting business growth. By working closely with our clients, we become their trusted partners in achieving operational excellence and long-term success. Whether you are a startup navigating the initial phases of funding and structuring or an established company looking to streamline compliance and corporate governance, our team is equipped with the expertise to support your business objectives at every stage.
- Industry
- Legal Services
- Company size
- 2-10 employees
- Headquarters
- Chandigarh, Chandigarh
- Type
- Self-Owned
- Founded
- 2024
- Specialties
- Legal Services, Compliance, and Startup Consultancy
Locations
-
Primary
Get directions
Chandigarh
Chandigarh, Chandigarh 160047, IN
Employees at Eesha G & Associates
Updates
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🌍 Mandatory CSR Spending for Companies: Key Requirements & Penalties 🌍 Did you know that companies meeting certain financial thresholds are obligated to invest in Corporate Social Responsibility (CSR) projects? Here’s a quick summary: 🧾 Who Needs to Comply? - Companies with a net worth of ₹500 crore or more, or - Turnover of ₹1,000 crore or more, or - Net profit of ₹5 crore or more during the preceding financial year These companies must spend at least 2% of their average net profits from the last three financial years on CSR activities. If a company is newly incorporated, the calculation will be based on its available financials. 📌 What Happens if CSR Spending is Missed? Failure to spend as required comes with consequences: - Company Penalty: Twice the amount required to be transferred or ₹1 crore, whichever is lower - Officer Penalty: One-tenth of the required amount or ₹2,00,000, whichever is lower By prioritizing CSR, companies not only fulfill a legal mandate but also contribute to societal development. 🌱 #CorporateSocialResponsibility #CSR #Compliance #BoardofDirectors #BusinessEthics #SustainableBusiness
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📢 SEBI Announces Major Reforms for Ease of Doing Business 📢 On September 30, 2024, SEBI approved key amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Here are the highlights: 💡Single Filing System: File on one exchange, disseminated across others. 💡Streamlined Periodic Filings: Two categories—Governance and Financial. 💡System-Driven Disclosures: Automatic updates for Shareholding Patterns & Credit Ratings. 💡Optional Newspaper Ads for financial results. 💡Extended Vacancy Filling Deadlines: Additional 3 months for board and committee vacancies. 💡Extended Disclosure Timelines: More time for post-trading disclosures and litigation updates. 💡Materiality-Based Tax Disclosures. 💡Fines/Penalties Threshold: Rs. 1,00,000 (sector regulators) & Rs. 10,00,000 (other authorities). Stay informed about these pivotal changes! #SEBI #CorporateGovernance #BusinessRegulations #ListingCompliance