Navigating a private limited compliance needs in Pune can feel complex, especially with the constantly evolving regulatory scene. Several business managers seek a reliable and experienced Chartered Accountant (CA) to handle these essential tasks. Locating the right CA involves evaluating factors like their focus in company law, financial services,
₹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 Best Auditor in Pune Section 188 of the Companies Act, 2013, for failure to properly disclose and authorize Related Party Transactions (RPTs). The transactions in question, although