Section 157: Company to inform Director Identification Number to Registrar

Companies Act, 2013 · Chapter XI: Appointment And Qualifications Of Directors · In force

This section requires companies to report their directors' identification numbers to the Registrar within a specified timeframe and prescribes penalties for failure to do so.

Penalty

(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.]

The section, clause by clause

What the section says

In plain terms

(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.

Every company must inform the Registrar of its directors' Director Identification Numbers within 15 days of receiving the required intimation, paying the prescribed fee or additional fee, and using the prescribed form and method.

(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.]

If a company fails to provide the Director Identification Number, it will be penalized 25,000 rupees, and for continued failure, 100 rupees per day, up to 1 lakh rupees, with officers in default also facing penalties of 25,000 rupees to 1 lakh rupees.

The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.

Amendment notes

1. The proviso ins. by Act 1 of 2018, s. 48 (w.e.f. 9-2-2018).
2. The words and figures “within the time specified under section 403” omitted by Act 1 of 2018, s. 49 (w.e.f. 7-5-2018).
3. Subs. by Act 22 of 2019, s. 24, for sub-section (2) (w.e.f. 2-11-2018).

This section refers to

s. 156 Director to intimate Director Identification Number

Work with this section

DIR-3 KYC due date

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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.