Starting a business in Kaithal has become convenient than ever before thanks to the growth of new private limited company registration services. These services offer a streamlined and budget-friendly way for entrepreneurs to create their own companies. With the help of these services, entrepreneurs can understand the complex legal requirements invo
₹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