Navigating the challenging Compliances of Private Limited world of finance can be difficult, especially in a bustling city like the City . Therefore , securing the ideal Chartered Accountant (CA) is critical for taxpayers and companies . This overview aims
₹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).
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