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Roc Hyderabad Imposes Rs. 40,000 Penalty On Sai Silks (Kalamandir) Limited And Directors For Non-Disclosure Of Asset In Rs. 50.94 Million Impairment Loss
3 months, 3 weeks ago

Roc Hyderabad Imposes Rs. 40,000 Penalty On Sai Silks (Kalamandir) Limited And Directors For Non-Disclosure Of Asset In Rs. 50.94 Million Impairment Loss

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The Registrar of Companies, Hyderabad has held imposed a penalty of Rs. 40,000/- on Sai Silks Limited and its directors for failure to disclose the nature of the asset associated with an impairment loss of Rs. Brief Facts: Sai Silks Limited received a notice from the Registrar of Companies which pointed out a discrepancy in the company's financial statements for …

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