Starting a private limited company in Pune is exciting? Navigating the compliance requirements can seem daunting. Luckily, Pune boasts a plethora of top-tier CA firms focused on helping businesses like yours stay compliant with all relevant regulations. When choosing a CA firm, take into account factors such as their experience, reputation, and cl
₹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 Best CA for Company Registration 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 questi