Observing that the 2nd DIN was obtained without any malafide intents, the MCA Regional Director reduced the Penalty imposed to Rs. 50000/-
In a recent development before the Regional Director (Southern Region), Ministry of Corporate Affairs, Chennai, the appellant representing SPS Motors Private Limited, faced a penalty reduction in a case related to the violation of Section 155 of the Companies Act, 2013. Section 155 states about Prohibition to obtain more than one Director Identification Number (…
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