Section 159 of the Companies Act, 2013
Section 159 of the Companies Act, 2013 deals with the punishment for failure to furnish Director Identification Number (DIN)-related information as required under Section 152, Section 155, and Section 156.
๐ Section 159 โ Punishment for Contravention
If any individual or director of a company:
Fails to furnish their Director Identification Number (DIN), or
Furnishes false information or
Fails to inform changes in their particulars (as required under Section 156),
๐ Then, the person is liable to:
Penalty of โน50,000; and
In case of a continuing default, a further penalty of โน500 per day,
Subject to a maximum of โน5,00,000.
๐งพ Related Sections:
Section 152 โ Appointment of directors;
Section 155 โ Prohibition to obtain more than one DIN;
Section 156 โ Director to intimate DIN and changes to the company.
โ Summary Table:
Default | Penalty |
---|---|
Failure to furnish or update DIN | โน50,000 |
Continuing default | โน500/day, up to a maximum of โน5,00,000 |
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