Finding the right Chartered Accountant (CA ) in Pune for a private company establishment can be difficult . Many businesses seek a reliable consultant who knows the complexities of the process . Several financial advisors claim to be the premier in Pune, but significant research often reveals that [CA Name/Firm Name] consistently gets exceptional r
₹50 Lakh Penalty for Non-Disclosure of Related Party Transactions — A Caution for Pvt Ltd Co.
Recently, the Registrar of Companies (ROC) in Bangalore imposed a penalty of ₹50 lakh on the directors of M/s Stanley Lifestyle Limited. The penalty was levied under Section 188 of the Companies Act, 2013, for failure to properly disclose and authorize Related Party Transactions (RPTs). The transactions in question, although initially approved i