Overview of Director Identification Number(DIN)


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Uploaded on May 20, 2022

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PPT on Director Identification Number(DIN).

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Overview of Director Identification Number(DIN)

Overview of Director Identification Number(DIN) Introduction DIN is a unique Director identification number allotted by the Central Government to any person intending to be a Director or an existing director of a company. 2 Source: cleartax.in Meaning of Director Identification Number (DIN) It is an 8-digit unique identification number that has lifetime validity. Through DIN, details of the directors are maintained in a database. 3 Source: cleartax.in Purpose of a DIN • The Director Identification Number provides a unique identity to the director helps in maintaining information of all directors in a database. • In past decades, several Indian cities have had chit fund companies promise its residents incomparable returns, then escape with their money to another city. 4 Source: vakilsearch.com Usage of DIN Whenever a return, an application or any information related to a company will be submitted under any law, the director signing such return, application or information will mention his DIN underneath his signature. 5 Source: cleartax.in DIN Application Procedure • SPICe Form: Application for allotment of DINs to the proposed first Directors in respect of New companies shall be made in SPICe form only. • DIR-3 Form: Any person intending to become a director in an already existing company shall have to make an application in eForm DIR-3 for allotment of DIN. • DIR-6 Form: Any changes in the particulars of the directors shall be filed in form DIR-6. 6 Source: cleartax.in How is DIN Number Allotted? • The central Government and its delegated authority process and authenticate the received Form DIR-3. Among other things, they consider the rules given in Section 154 of the Companies Act, 2013 and Rule 10 of the Companies Rules 2014 (Appointment and Qualification of Director) when considering DIN number allotment to an applicant. 7 Source: blog.saginfotech.com What if the Application of DIN Allotment is Rejected? • If the Application form of DIN Allotment has been rejected due to the submission of any wrong or misleading information in the form. The central government permits a time limit of 15 days to rectify it. Within this given time period, the person has to fill and submit a fresh form with all the correct details. 8 Source: blog.saginfotech.com Common Reasons for DIN Rejection • Applicant’s name and father’s name mentioned in abbreviated form. – Expand the Name even if the ID proof contains the name in abbreviated form. • Mismatch in the Name and Father’s Name in DIN form with the ID (Identity) proof enclosed. – Any mismatch in Name, including spelling mistake, may lead to rejection of the application. It accepts the minor spelling deviations in the father’s name if such deviations do not materially impact the name. 9 Source: www.indiafilings.com Common Reasons for DIN Rejection Cont. • Prefixes like Mr. / Ms. / Kumari / Shri etc. used in the applicant’s name. • Residence proofs like Bank Statements, Electricity Bill, Telephone Bill, Utility bills etc. submitted are older than 2 months of submitting the application for verification OR such documents are in the name of some other person, for example, father or spouse. 10 Source: www.indiafilings.com THANK YOU