Sunday, August 14

Tag: Multiple DIN

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Directors Having Multiple DINs

Ministry of Corporate Affairs (MCA) had made it mandatory for all directors who are in possession of Multiple DIN to surrender the additional DINs and retain only the oldest DIN in pursuant to Section 153 read with rule 11 of The Companies (Appointment and qualification of Directors) Rule, 2014. Directors have to use Form DIR-5 to submit the duplicate or inactive or additional DIN. Summary MCA has notified that any director in possession of Multiple DINs, can only retain the oldest DIN and surrender the other DINs Directors shall use Form DIR-5 to surrender the DINs There are 628 directors who have multiple DINs and they are associated with 1260 unique DIN numbers 2,723 Unique companies are associated with these 628 directors Directors holding more than 1 DIN are violat...