Navigating private limited company compliance requirements in Pune can feel complex, especially with the changing regulatory environment. Numerous business managers seek a reliable and skilled Chartered Accountant (CA) to handle these vital tasks. Identifying the best CA involves evaluating factors like their focus in company law, audit services, a
₹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