Finding the right CA to ensure smooth compliance for your private limited company in Pune can be a daunting task. With so many options available, it's crucial to choose a CA who has a proven track record in this area. Look for a CA with extensive knowledge of the relevant laws and capabilities in handling diverse compliance requirements. A dedicate
₹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