Section 153 of the Companies Act, 2013

Section 153 of the Companies Act, 2013 relates to the Allotment of Director Identification Number (DIN).

๐Ÿ“œ Section 153 โ€“ Application for Allotment of Director Identification Number

Provision:

Section 153 states that every individual intending to be appointed as a director of a company must apply for a Director Identification Number (DIN) to the Central Government, in a prescribed form and manner, along with prescribed fees.

โœ… Key Points:

Who needs to apply?

Any individual who wants to be appointed as a director in a company (public, private, or one-person company).

Where to apply?

Application is made to the Central Government (now through the MCA21 portal).

How to apply?

The application must be filed in Form DIR-3 (except for first directors of new companies, who apply through SPICe+ Form).

Must include:

Identity proof,

Address proof,

Photograph,

Digital signature of the applicant and a practicing professional (CA/CS/CMA).

Fees:

As prescribed under the Companies (Registration Offices and Fees) Rules.

๐Ÿงพ Related Provisions:

Section 154 โ€“ Allotment of DIN by Central Government.

Section 155 โ€“ Prohibits having more than one DIN.

Section 156 โ€“ Directors must intimate DIN to the company.

Rule 9 of Companies (Appointment and Qualification of Directors) Rules, 2014 โ€“ Provides procedural details.

๐Ÿ›‘ Penalty for Non-compliance:

If a person fails to obtain DIN before acting as a director, or possesses more than one DIN, penalties may apply under Sections 155โ€“159.

 

LEAVE A COMMENT

0 comments