Looking for trustworthy Chartered Accountants in Gurugram? Gurugram features a abundance of highly qualified professionals who can assist you with all your business needs. Whether you require assurance services, financial planning, or business tax solutions, Gurugram's renowned chartered accountants are eager to provide exceptional support. Explo
₹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