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 fifteen 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?