DIRECTOR IDENTIFICATION NUMBER
Presented by Swarit Advisors
DIN NUMBER OVERVIEW Although a company is a legal person, it does not have any physical appearance to carry out its work and operations. Shareholders or the owners of a company need to appoint Directors, who will be responsible for running a company. These directors maintain a fiduciary relationship with the company. However, every person proposed to be appointed as Directors needs to acquire the Director Identification Number (DIN).
Concept of DIN A DIN or Director Identification Number is an 8-digit Unique Director Number. Central Government allots this number to each individual who wants to become a Director. An already acting director also needs to obtain DIN from the Central Government.
DIN NUMBER
A person can have only one DIN number. However, he is eligible to become director of two or more companies. A Director Identification Number has lifetime validity. Through a DIN government can maintain a database of all the directors. The concept of this Identification Number was introduced in section 266A to 266G the Companies (Amendment) Act, 2006. A director of a company while signing documents like Annual Return needs to mention his DIN below his signature as well. Further, the fee charged
L AT E S T U PDAT E A S ON 24.03.2020
All the DIN holders named as “Deactivated” can file eform DIR-3 KYC or form DIR-3 KYC-Web by 30.09.2020. These holders can submit this form without paying the fees of Rs 5000. Further, the companies termed as ‘ACTIVE NonCompliant’ can file e-form ACTIVE up to 30.09.2020. These holders can submit this form without paying the fees of Rs 10000
FORMS FO RM S R E Q U I R E D A PART FRO M SPICE FO RM Form DIR-3
Application for the Allotment of DIN
Form DIR-3C
Intimation of Identification Number by Company to the ROC (Registrar of Companies)
Form DIR-5
Application for Surrendering Identification Number
Form DIR-6
Application for Modifying Details submitted in Form DIR3
DOCUMENTS REQUIRED UNDER CO M PANI E S ACT , 2 013
WITH SPICE FORM
WITH FORM DIR-3
VERIFICATIO N DETAILS
Identity Proof in the form of Aadhar Card, Voter ID, or
Photograph:Proof of Identity Card Residence Proof
Applicant’s Name; Father’s name; Current Address;
PAN Card; Address Proof in
a copy of the Passport.
Date of Birth; Declaration Text
SELF ATTEST A physical signature of the applicant.
LE G AL PR OVI SIO N S REG U L ATING T H E DI N Section 153 of the Companies Act, 2013;
L EG AL PROVISION S REG U L AT IN G TH E DIN Rule 9 of the Companies Rules, 2014.
Further, the steps involved in the procedure for receiving DIN can be summarised as: • • • • • • • • • • •
In the first step, the applicant needs to visit the official website of the MCA Now select the drop-down menu saying MCA services After choosing the MCA services, search the E-Filing section Next click on the option ‘Company Forms Download” Now on the Next Page, find Form DIR-3 under “DIN Forms”section and download it After downloading the e-form, fill the same with all the details asked Attach a copy of each Supporting Document with the application form Now, the applicant needs to sign all the documents using DSC (Digital Signature Certificate) After that, all the documents need to be digitally signed by Company Secretary or Manager The CEO (Chief Executive Officer) or CFO (Chief Financial Officer) to sign the documents digitally Lastly, submit the e-form with the specified fees as per the official
HOW IS DIN ALLOTTED?
T H E DELEG ATED A UT H O RIT Y PRO CESS A ND VA LIDATE TH E FO RM DIR-3 FILED BY T H E APP LICANT. T H E REG U L AT IO NS C O NSIDER ED FO R VAL IDAT ING TH E DIN CA N BE S UM M ARISE D AS • 154 of the Companies Act, 2013 • Rule 10 of the Companies Rules (Appointment and Qualification of Director) 2020
AFTER CONSIDERING THESE RULES AND PROVISIONS, THE DIN NUMBER WILL BE ALLOTTED WITHIN A MONTH. HOWEVER, THE CENTRAL GOVERNMENT RESERVE THE RIGHT TO ACCEPT OR REJECT THE FORM.
REJECTION OF DIN
REASON - 1
COMMON CAUSES FOR THE REJECTION OF APPLICATION
Non-Submission of the Supporting Documents:
REASON - 2 Invalid Application or Supporting Documents:
REASON - 3 Gender not specified correctly in Form DIR-3;
• Download and fill the Form DIR-6 • Now verify the same using a DSC (Digital Signature Certificate) • Get it digitally signed by the practising Chartered Accountant or Company Secretary • Lastly, submit it as per the instructions given on the MCA portal.
MODIFICATIONS OF FORM DIR3
TAKEAWAY DIN AL LOT M E NT DIN is an 8-digit director identification code that acts as a Proof of Identity for a director in a company. Moreover, it is compulsory for every director to have a Director Identification Number. One can obtain his/her Director Identification Number with Swarit Advisors. Our experts will provide you in end-toend assistance in obtaining DIN hasslefree.
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