In a major compliance action, the Registrar of Companies (ROC) Bangalore has imposed a penalty of ₹50 lakh on the directors of M/s Stanley Lifestyle Limited for violating Section 188 of the Companies Act, 2013, https://akhilamitandassociates.medium.com/50-lakh-penalty-for-section-188-violation-a-wake-up-call-for-private-limited-companies-in-india-0e0072f041fa