Navigating the challenging landscape of firm registration in Pune can be difficult, making it crucial to select a reliable Chartered Accountant (CA). Many startups are searching for a CA who offers professional guidance and efficient registration assistance. Several firms focus on business format
₹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). T