Company to inform Director Identification Number to Registrar
📚 Law Minded summary
Once a director gives their DIN, the company passes it to the Registrar within fifteen days.
Failure carries a penalty on the company and on every officer in default. The chain is deliberate: person to company, company to Registrar, so the identity is verifiable at both ends.
(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. 3[
(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 a 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 a 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.]
All sections in Chapter XI — Appointment and Qualifications of Directors