| Company to Inform Director Identification Number to Registrar |
Notified Date of Section: 01/04/2014 |
| 157. (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 1[Omitted] and every such intimation shall be furnished in such form and manner as may be prescribed.(2) 5[4[3[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.]]]
Amendments 1. Omitted by the Companies (Amendment )Act,2017– Amendment Effective from 7th May 2018 Original Omitted Content- “within the time specified under section 403” 2. Omitted by the Companies (Amendment )Act,2017– Amendment Effective from 7th May 2018 Original Omitted Content- ” before the expiry of the period specified under section 403” 3.Substituted by the Companies (Amendment) Ordinance,2018 dated 02.11.2018 In section 157,for sub-section (2), If a company fails to furnish Director Identification Number under sub-section (1), 2[Omitted] with additional fee, 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 the following sub-section shall be substituted, namely:- 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. 4.Substituted by the Companies (Amendment) Ordinance,2019 dated 12.01.2019 [Companies (Amendment) Ordinance 2018 is repealed on 12th January 2019] 5. Substituted by the Companies (Amendment) Act,2019 -: Effective From 02nd November 2018 [Companies (Amendment) Second Ordinance 2019 is repealed on 31st July 2019] |
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