Finding the perfect Chartered Accountant (CA) in Gurugram can be a daunting task. With a myriad of options available, it's important to opt for one who possesses the knowledge and experience to fulfill your specific financial needs. Numerous factors should be taken into account when making your selection, including sector specialization, client t
₹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 Company Registration 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