Finding the right Chartered Accountant (CA) is crucial for any Ltd. company operating in Kaithal. A reliable CA will help you navigate difficult tax laws, ensure smooth compliance with regulatory requirements, and ultimately contribute to your company's success. With numerous CA firms in Kaithal, choosing the ideal one can feel overwhelming. To sim
₹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