In the city of Pune's, booming economy requires reliable financial guidance. If you're seeking a competent Chartered Accountant, look no further! Our detailed directory helps you discover the best-suited CA to address your taxation needs. Consider factors like specialization and client testimonials when selecting your choice. Leverage our direct
₹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