Directors Identification Number
Allotment of DIN:
Rules and Regulations, and also the procedures involved in obtaining the DIN, are quoted in the sections 266A, 266B, and 266D, of the Companies (Amendment) Act, 2006. The Director Identification Number (DIN) is mandatory and compulsory for becoming the director of a Company, and also for filing of e-Forms, and various other related documents.
The Company (Amendment) Act, 2006 has inserted the section 266A through the Notification number- G.S.R. 648E dated 19th October 2006, and which is effective from the 1st November 2006, provides that-
(a) Every person desirous of becoming Director of a private or public company, or
(b) Every Director of a company appointed before this Companies (Amendment ) Act, 2006,
shall be required to apply for the allotment of the Director Identification Number ( DIN ) to the Central Government of India as per the Form DIN - 1. Every individual who has applied for the DIN, can be duly appointed as the director in any company, or can hold office of the director till the DIN is allotted to them.
Salient Features of DIN:
(i) Every person or individual desirous of being appointed as the Director of a company ought to apply for the DIN, or should have the DIN obtained beforehand.
(ii) The application for the allotment of DIN, is to be duly supported with the proof of residence and identity proof of the applicant, duly attested photocopies of any of the following viz. PAN card, Driving License, Passport, Voter ID Card, Ration card, Electricity Bill and Bank Statement.
(iii) DIN is essential for the e-filing of Forms. PAN or other documents can never be used as an alternative to the DIN. DIN is mandatory for all directors who hold office of the director in any national, international, or multi-national company located in India.
(iv) Resignation from the post of Directors of one company, does not affect the validity of the DIN or its discretionary powers.
(v) Foreign nationals holding the post of the director in any Indian company, is forced by the rules to possess DIN.
(vi) Only one DIN is needed to be appointed as a director of a company, on the basis of which an individual can hold an infinite number of the directorship in various companies. All the successive directorship of a director would be recorded in the database of the DIN
