Looking for reliable Chartered Accountants in Gurugram? Gurugram boasts a wealth of highly skilled professionals who can assist you with all your business needs. Whether you require taxation services, financial planning, or income tax solutions, Gurugram's top chartered accountants are committed to offer exceptional assistance. Explore the follow
₹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