Running a private limited company in Pune requires meticulous adherence to compliance regulations. To ensure smooth operations and avoid any read more legal pitfalls, selecting the right Chartered Accountant (CA) is paramount. A skilled CA can manage the complex web of tax laws, filings, and audits, providing invaluable expertise to keep your busin
₹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