157. Company to inform Director Identification Number to Registrar
(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 within the time
specified under section 403 and every such intimation shall be furnished in such form and
manner as may be prescribed.
(2) If a company fails to furnish Director Identification Number under sub-section (1),
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 twenty-five thousand rupees but
which may extend to one lakh rupees and every officer of the company who is in default shall
be punishable with fine which shall not be less than twenty-five thousand rupees but which
may extend to one lakh rupees.