Section 157 of the Companies Act, 2013
Section 157 of the Companies Act, 2013
– Company to inform Director Identification Number to Registrar
📜 Bare Act Text (Simplified):
Section 157(1): Every company shall, within 15 days of receiving the Director Identification Number (DIN) from a director under Section 156, furnish the DIN to the Registrar in the prescribed form and manner along with prescribed fees.
Section 157(2): If a company fails to furnish the DIN within the specified time:
The company shall be liable to a penalty of ₹25,000, and
In case of continuing failure, a further penalty of ₹100 per day, up to a maximum of ₹1,00,000.
✅ Key Points / Summary:
| Particular | Details |
|---|---|
| Purpose | To ensure the Registrar is informed about the DIN of all company directors. |
| Timeline | Within 15 days of receiving DIN from a director. |
| Form Used | Form DIR-3C (as per Companies Rules). |
| Penalty for delay | ₹25,000 one-time + ₹100/day (maximum ₹1 lakh). |
🧾 Example:
If Mr. A is appointed as a director of ABC Pvt. Ltd. and shares his DIN with the company on 1st June, the company must file it with the Registrar by 16th June.
If the company fails to do so, penalties under Section 157(2) will apply.
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