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Siva kumar (30 Points)

20 March 2020

Respected sir s, by having multiple DINs, how can a person, misuse them?

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CS Rashi Jain (Practicing Company Secretary @ RASHI JAIN & ASSOCIATES) (1295 Points)
Replied 20 March 2020

. If any individual or director of a company, contravenes any of the provisions of section 152, section 155 and section 156, such individual or director of the company shall be punishable with imprisonment for a term which may extend to six months or with fine which may extend to fifty thousand rupees and where the contravention is a continuing one, with a further fine which may extend to five hundred rupees for every day after the first during which the contravention continues.
It is recommended that a person should keep the oldest one and surrender the later one.
Misuse of multiple din is the second thing having multiple din is also a contravention of law

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Siva kumar (30 Points)
Replied 20 March 2020

Sir, can you please explain, how it can be misused

CS Rashi Jain (Practicing Company Secretary @ RASHI JAIN & ASSOCIATES) (1295 Points)
Replied 20 March 2020

It can't be misused as when the individual will associate the DIN at MCA it can be associated with one PAN only but when it comes in the knowledge of MCA the individual will be treated as willful defaulter of law.

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