158. 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 special about the section?
Recent days Several Registrar of Companies issuing notices to the Companies for non compliance Section 158 while submitting Balance sheet
Section 134 (1) provides that The financial statement, including consolidated financial statement, if any, shall be approved by the Board of Directors before they are signed on behalf of the Board by the chairperson of the company where he is authorised by the Board or by two directors out of which one shall be managing director, if any, and the Chief Executive Officer, the Chief Financial Officer and the company secretary of the company, wherever they are appointed, or in the case of One Person Company, only by one director, for submission to the auditor for his report thereon.]
While signing Financial statement, the Director has to mention his name, Designation and DIN No. in case only signature or signature and name was there, then it is non compliance of Section 158
Not only financial statement wherever Director signing any documents, he should mention his DIN No and designation and other than financial documents also comes under Section 158
The section denotes obligation to indicate Director Identification number and several notices already issued by many Registrar of companies in the above section
Conclusion: Before submitting Aoc 4, the same may be verified so that the company and Directors are not punishable under Section 158
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