Private limited companies working in Kaithal have a vast of choices when it comes to selecting a Chartered Accountant (CA). A reputable CA firm can be invaluable for ensuring smooth economic operations and compliance with all legal requirements. Here's a overview of some top CA services that are extensively sought after by private limited companie
₹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