Section 155 of the Companies Act, 2013
vSection 155 of the Companies Act, 2013 is a short but important provision.
📜 Section 155 – Prohibition to Obtain More Than One Director Identification Number (DIN)
No individual, who has already been allotted a Director Identification Number (DIN) under section 154, shall apply for or possess another DIN.
✅ Key Points:
DIN is a unique identification number given to an individual who intends to become a director in a company.
One person = One DIN — possessing or applying for multiple DINs is prohibited.
If someone is found holding more than one DIN, action may be taken under Section 159 (which prescribes penalties).
⚖️ Objective:
To maintain transparency and avoid duplication in the database of directors across all companies.
🚫 Violation:
If someone applies for or holds more than one DIN, they can be penalized under Section 159, which may include a fine up to ₹50,000 and a further fine of ₹500 per day for continuing default.
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