Finding the ideal Chartered Accountant (CA) in Gurugram can be a daunting task. With a myriad of options available, it's important to opt for one who possesses the skillset and experience to meet your specific accounting needs. Many factors should be considered when making your selection, including sector specialization, feedback, and approach.
₹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