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Late Filing of DIN-2--Penalty

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(Querist)
24 June 2011 Hi to all, Please let me know about penalty rate for late filling of DIN-2 by director to the company.
Whether Director is liable to pay penalty or Company ?
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Saroja

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Saroja (Expert)
24 June 2011 in my point of view, No penalty.,
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CA Hardik Mehta

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CA Hardik Mehta (Querist)
25 June 2011 Thank You Saroja...

But I have read from The book of Munish Bhandari that As per Section 266D if director does not intimate the company within 30 days there is fine of Rs.5000/- + Fine of Rs.500 per day if the default is continue...
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
06 July 2023 "Sorry, I am not a featured member."

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