Section 156 of the Companies Act, 2013
Section 156 of the Companies Act, 2013
Title: "Director to Intimate Director Identification Number (DIN)"
📘 Summary:
Section 156 of the Companies Act, 2013 requires every individual who has been allotted a Director Identification Number (DIN) to intimate it to all companies where they are appointed as a director.
📝 Key Points:
Intimation of DIN:
Every person who is allotted a DIN under Section 154 must inform their DIN to all companies in which they are a director.
This intimation must be given within one month from the date of DIN allotment.
Purpose:
Ensures that the company updates its records and files it with the Registrar of Companies (RoC) under Section 157.
⚖️ Penalty for Non-Compliance:
If the director fails to intimate the DIN within the specified time:
They may be liable to a penalty of ₹50,000,
And in case of continuing default, a further penalty of ₹500 per day (subject to a maximum of ₹5,00,000).
🔗 Related Sections:
Section 154 – Allotment of DIN by the Central Government.
Section 157 – Duty of the company to inform RoC about DIN of its directors.
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