CS Divesh Goyal
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SHORT SUMMARY A Director Identification Number (DIN) is a unique 8-digit alphanumeric number issued by the Ministry of Corporate Affairs (MCA) in India to individuals who wish to become directors of companies. It is a mandatory requirement for any person who wants to hold the position of a direct
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FAQ :
A Director Identification Number (DIN) is a unique 8-digit alphanumeric number issued by the Ministry of Corporate Affairs (MCA) in India to individuals who wish to become directors of companies. It's mandatory for anyone holding a directorship in an Indian company.
No, an individual cannot hold more than one Director Identification Number (DIN). Section 155 of the Companies Act, 2013, explicitly prohibits individuals who have already been allotted a DIN from applying for or possessing another one.
Obtaining more than one DIN is a punishable offence under Section 159 of the Companies Act, 2013. Such individuals are liable to a penalty which may extend to fifty thousand rupees, and a further penalty for each day the default continues.
If a person has more than one DIN, they should immediately apply for the surrender of one of the DINs with the Regional Director, Delhi. The process involves verifying particulars and ensuring data is merged with the validly retained number.
The Director Identification Number (DIN) was introduced in India with the enactment of the Companies (Amendment) Act, 2006, and it came into effect from January 12, 2007.
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