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Company to inform DIN to Registrar (Section 157 of the Companies Act, 2013)

Company to inform DIN to Registrar (Section 157 of the Companies Act, 2013) :

According to section 157 of the Companies Act, 2013:

(i) Every company shall, within 15 days of the receipt of intimation under section 156, furnish the DIN 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 within the time specified under section 403.

Every such intimation shall be furnished in such form and manner as may be prescribed.

[Section 157(1)]

(ii) If a company fails to furnish the DIN under sub-section (1) above, before the expiry of the period specified under section 403 with additional fee, the company shall be punishable with fine which shall not be less than Rs. 25,000 but which may extend to Rs. 1,00,000 and every officer of the company who is in default shall be punishable with fine which shall not be less than Rs. 25,000 but which may extend to Rs. 1,00,000. [Section 157(2)]

According to Rule 10A of the Companies (Appointment and Qualification of Directors) Amendment Rules, 2014:

(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 15 days of receipt of intimation under section 156.”

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