Finding the right Chartered Accountant (CA) is crucial for ensuring smooth and compliant operations of your limited company in Kaithal. A skilled CA can provide essential guidance on a wide range of compliance matters, including taxation, auditing, and legal filings. When choosing a CA for your private limited company in Kaithal, consider factors
₹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