Skip to main content
← back
Informative

Non-mentioning of DIN in the Financial Statements: MCA imposes Penalty on Company and 3 Directors

Update / Judgement Date

31 Jan 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceCorporate Law & Governance

The MCA imposed a penalty on a company and its directors for not mentioning the DIN in the financial statements, a violation of corporate governance norms. The DIN is a unique identification number for company directors, and its omission from official records constitutes a non-compliance with the Companies Act. The penalty reinforces the importance of accurate reporting and timely disclosures to maintain transparency in corporate affairs.