DIN stands for Director Identification Number, which is a unique identification number assigned to individuals who are appointed as directors of a company in India. The DIN system is part of the regulatory framework introduced by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013 to ensure proper identification and tracking of directors across companies.
Unique Identification: DIN is a unique identification number for each director in India. It helps the Ministry of Corporate Affairs (MCA) to identify and track the directors across multiple companies.
Mandatory for Directors: It is mandatory for every individual who intends to become a director of a company (whether private, public, or OPC) to obtain a DIN. Existing directors of a company should also have a valid DIN.
Format: The DIN is an 8-digit alphanumeric number issued by the MCA.
Validity: Once issued, a DIN remains valid for life, unless it is canceled or deactivated by the MCA for non-compliance or other legal reasons.
Individuals intending to be appointed as Directors: Any person who is being appointed as a director in a company, whether as a new director or as part of an existing company, needs to have a DIN.
Existing Directors: All directors of a company, whether they are on the Board of Directors of a listed, private, or public company, must have a valid DIN.
Disqualified Directors: Individuals who have been disqualified from being directors (e.g., due to defaults in filing annual returns, bankruptcy, etc.) will also have their DIN deactivated.
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