# 159 Penalty for default of certain provision
1[159. Penalty for default of certain provisions.-- If any individual or director of a company makes any default in complying with any of the provisions of section 152, section 155 and section 156, such individual or director of the company shall be liable to a penalty which may extend to fifty thousand rupees and where the default is a continuing one, with a further penalty which may extend to five hundred rupees for each day after the first during which such default continues.]
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1. Subs. by s. 25, <i>ibid</i>., for section 159 (w.e.f. 2-11-2018).
APPOINTMENT AND QUALIFICATIONS OF DIRECTORS
155
Prohibition to obtain more than one Director Identification Number156
Director to intimate Director Identification Numbe157
Company to inform Director Identification Number to Registrar158
Obligation to indicate Director Identification Number160
Right of persons other than retiring directors to stand for directorship161
Appointment of additional director, alternate director and nominee director162
Appointment of directors to be voted individually
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