Navigating the complex regulatory landscape of a Private Limited Company in Pune can feel overwhelming. Engaging the appropriate Chartered Accountant (CA) is essential for ensuring smooth operations and avoiding potential penalties. Many businesses seek out CAs known for proficiency in private li
₹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 here failure to properly disclose and authorize Rel