In the following question, a Statement is followed by two Conclusions, I and II. Statement:As per Section 157 of the Companies Act, 2013 every company must, within fif- teen days of receiving intimation under Section 156, furnish the Director Identification Number (DIN) of all its Directors to the Registrar with prescribed fees. Failure to comply attracts penalties. Conclusions:I. If a company fails to furnish the DIN, it can be penalized. II. Every officer of the company in default is also liable for penalties. In the context of the above Statement and Conclusions, which one of the following is correct?
Explanation & Strategy
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Section 157 CrPC deals with procedure for investigation by police. The statement describes the investigation process and its legal consequences. Only Conclusion I — about the procedural requirements — logically follows from the stated provision.