Venturing into the stock market can feel daunting, but with a little understanding, it’s a experience anyone can embark on. This brief guide intends to provide a foundational understanding of the core principles involved. First, you'll need to select a brokerage service - evaluate costs and offerings before deciding. Then, familiarize yourself wi
₹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