₹50 LAKH PENALTY FOR NON-DISCLOSURE OF RELATED PARTY TRANSACTIONS — A CAUTION FOR PVT LTD CO.

Recently, the Registrar of Companies (ROC) in Bangalore Private Limited Company Registration 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 qu