Now, DIN to be specified with Director’s signature compulsorily.This is one of the various new compliance requirements that Companies Act, 2013 has introduced. Now, DIN has to be specified with Director’s Signature on all the documents the directors sign. 

EXTRACT OF SECTION 158 OF THE COMPANIES ACT, 2013

Section 158 – Obligation to indicate Director Identification Number Every person or company, while furnishing any return, information or particulars as are required to be furnished under this Act, shall mention the Director Identification Number in such return, information or particulars in case such return, information or particulars relate to the director or contain any reference of any director.

What is the consequence in case failure to quote the same?

In case the director fail to do so, then the defaulting company and every officer of the company who is in default or such other person shall be in default shall be punishable  with a fine of upto Rs. 10,000. In case the contravention continues, further fine extending upto Rs. 1000 per day will be leviable. This will be counted from the first day after which the first contravention occurs. Hence, Directors should immediately start complying with this requirement to keep themselves in safe compliance harbor. Few other such compliance requirements that the Directors should take care are:  

• One director is to be a resident in India.
•  Every private limited company will have to mention its 21 digit CIN number in its letter-heads, invoices and other documents.
• Every OPC, Small Company and Dormant Company , at least one Board Meeting is to be conducted in each half of the calendar year and the minimum gap between two meetings cannot be less than 90 days.

For more details, please visit: 10 things to know about Companies Act,2013   ___________________________________________________________