The Provisions of the Companies Act relating to Director Identification Number are as follows:
(1) Application for allotment of Director Identification Number (Sec.266A):
Every individual, intending to be appointed as director of a company; or director of a company appointed before the commencement of the Companies (Amendment) Act, 2006, shall make an application for allotment of Director Identification Number to the Central Government in the prescribed form, along with the prescribed fee.
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(2) Allotment of Director Identification Number (Sec. 266B):
ADVERTISEMENTS:
The Central Government shall, within one month from the receipt of the application under section 266A, allot a Director Identification Number to the applicant.
(3) Prohibition to obtain more than one Director Identification Number (Sec. 266C):
No individual, who had already been allotted a Director Identification Number under section 266B, shall apply, obtain or possess another Director Identification Number.
(4) Obligation of director to intimate Director Identification Number to concerned company or companies. (Sec. 266D):
Every existing director shall, within one month of the receipt of Director Identification Number from the Central Government, intimate his Director Identification Number to the company or all companies wherein he is a director.
(5) Obligation of company to inform Director Identification Number to Registrar (Sec. 266E):
Every company shall, within one week of the receipt of intimation under section 266D, furnish the Director Identification Number of all its directors to the Registrar or any other prescribed authority.
(6) Obligation to indicate Director Identification Number (Sec. 266F):
ADVERTISEMENTS:
Every person or company, while furnishing any return, information or particulars as are required to be furnished under the Act, shall quote 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 the director.
(7) Penalty for Contravention (Sec. 266G):
If any individual or director or a company contravenes any of these provisions, every such individual or director or the company, as the case may be, who or which, is in default, shall be punishable with fine which may extend to Rs. 5000 and where the contravention is a continuing one, with a further fine which may extend to Rs. 500 for every day after the first during which the contravention continues.