Director Identification Number(DIN)

Introduction

DIN is a unique identification number allotted to any person who is intending to be a director or an existing director of a company. It is 8 digit number allotted to the person. Whenever any documents, returns, and forms or any information needs to be submitted by the director on behalf of a Company DIN needs to be mentioned along with the name and designation of the director.

Recent Changes in the Process for application of DIN

Recently the Ministry of Corporate Affairs (MCA) has changed the DIN application process. Earlier first DIN can be obtained by any individual person by filing Form DIR-3.

Now, the DIR-3 would be applicable for allotment of DIN to individuals in respect of existing companies only in which the proposed director is to be appointed. Further, DINs to be proposed first directors in respect of new companies would be mandatorily required to be applied for in SPICE forms.

Temporarily, issuance of allotment of DIN for Designated Partner/Partners of Limited Liability Partnership (LLP) has been suspended till March 31, 2018.

Application of DIN

To obtain DIN, Form DIR-3 electronically submitted at MCA website. The Forms are available at the website.

Documents need to be attached to the Form

  • Photograph
  • Identity proof
  • Residence proof
  • Verification (Name, father’s name, present address, date of birth, text of declaration and physical signature of the applicant)
  • In case of foreign nationals, they are required to submit their passport as an identity proof.

Photograph, identity proof and residence proof must be attested by a Chartered Accountant or a Company Secretary or a Cost Accountant, in whole time practice.

In case of foreign nationals, their documents can be attested by Consulate of the Indian Embassy and Foreign Public Notary.

After submission of DIN form, if the form is approved by the department then you will get the DIN in the Challan generated and via email of the person.

Changes or Updating of details

If after submission, any detail of a person is changed then the same can be updated through the filing of Form DIR-6 along with the proof of change.

Conclusion

There have been cases in past where start-ups used to raise funds and run away with the funds. To stop such malpractices and frauds there is need of DIN so that past activity of directors can be monitored. DIN number ensures the individual is always under the vigilance of corporate ministry and never indulge in fraudulent activities.  If they get indulged in any wrongdoing, they can be traced.

Disclaimer

The information/articles on this blogs are provided purely for informational and educational purposes only and are purely based on my understanding. They do not constitute legal advice or opinion. The information/articles are intended but not promised or guaranteed to be current, complete or up-to-date and should be taken as a legal advice or an indication of future results. You are advised not to act or rely on any information/article without first seeking advice from Practicing Professional.

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