Private limited companies functioning in Kaithal have a vast of choices when it comes to selecting a Chartered Accountant (CA). A reputable CA firm can be essential for ensuring smooth monetary operations and adherence with all legal mandates. Here's a overview of some popular CA services that are highly sought after by private limited companies i
₹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