In the vibrant city of Pune, setting up a new private limited company has never been more convenient. We offer extensive range of Private Limited Compliances services designed to assist you through every step of the establishment process. Our team of expert professionals is dedicated to providing de
₹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 transac