Section 157 of Companies Act, 2013 – Company to inform Director Identification Number to Registrar

  • Updated Till : November 12, 2018

SECTION 157. COMPANY TO INFORM DIRECTOR IDENTIFICATION NUMBER TO REGISTRAR

[Effective from 1st April, 2014]

(1) Every company shall, within fifteen days of the receipt of intimation under section 156, furnish the Director Identification Number of all its directors to the Registrar or any other officer or authority as may be specified by the Central Government with such fees as may be prescribed or with such additional fees as may be prescribed [2] [***] and every such intimation shall be furnished in such form and manner as may be prescribed.

[4] [(2) If any company fails to furnish the Director Identification Number under sub-section (1), such company shall be liable to a penalty of twenty-five thousand rupees and in case of continuing failure, with further penalty of one hundred rupees for each day after the first during which such failure continues, subject to a maximum of one lakh rupees, and every officer of the company who is in default shall be liable to a penalty of not less than twenty-five thousand rupees and in case of continuing failure, with further penalty of one hundred rupees for each day after the first during which such failure continues, subject to a maximum of one lakh rupees.]

Applicable Rules

Companies (Appointment and Qualification of Directors) Rules, 2014

[Effective from 1st April, 2014]

[Rule 10A. (1) Every director, functioning as a director in one or more companies on or before the 30th June, 2007 and who has not yet intimated his DIN to such company or companies shall, within one month of the receipt of Director Identification Number from the Central Government, intimate his Director Identification Number to the company or all companies wherein he is a director as per Form DIR-3B.

(2) The intimation by the company of Director Identification Number of its directors under section 157 of the Act shall be furnished in Form DIR-3C within fifteen days of receipt of intimation under section 156.][1]

[1] Inserted by the Companies (Appointment and Qualification of Directors) Amendment Rules,2014 vide Notification F No. 01/9/2013 (Part-II) CL-V dated 18th September, 2014.

[2] Omitted words”within the time specified under section 403 ” by the Companies (Amendment) Act 2017 vide Notification No. S.O. 1833(E)  dated 7th May, 2018.

[3] Omitted words”before the expiry of the period specified under section 403 with additional fee,” by the Companies (Amendment) Act 2017 vide Notification No. S.O. 1833(E)  dated 7th May, 2018.

[4] Substituted by The Companies (Amendment) Ordinance , 2018 dated 2nd November, 2018. Prior to substitution it read as under:-

“(2) If a company fails to furnish Director Identification Number under sub-section (1), [3] [***] the company shall be punishable with fine which shall not be less than twenty-five thousand rupees but which may extend to one lakh rupees and every officer of the company who is in default shall be punishable with fine which shall not be less than twenty-five thousand rupees but which may extend to one lakh rupees.”

 

 

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