What is DIN and How to apply for DIN
What is DIN?
Full of DIN is Director Identification Number it is a unique Identification Number allotted to an individual who is willing to be appointed as a director of a company. Any person who is willing to get appointment as director must hold a valid DIN. DIN is an 8-digit unique identification number, for one individual only one DIN is there i.e. person cannot apply for multiple DIN.
Which form is required to be furnished while applying for DIN?
In respect of person who is already director before the provision came into force or person who is willing to get a valid DIN can furnish application in form DIR-03. At time of Incorporation of new company SPICe e-form is furnished, person who does not hold DIN and wants to form a company shall furnish this single form for both the purpose.
What is the procedure of obtaining DIN?
Person who is willing to get appointment is required to furnish basic details along with photograph, relevant identity proof and address proof. Photograph, identity proof and residence proof must be attested by a Chartered Accountant or a Company Secretary or a Cost Accountant, in whole time practice. In case of foreign nationals, their documents can be attested by Consulate of the Indian Embassy and Foreign Public Notary.
After successful filling of application and payment of requisite fees; Central Government will process the application and decide the approval/ rejection. If application is approved concerned person will be allotted with DIN within 1 month and in case if application is rejected, reasons for rejection will be e-mailed to applicant and person will get 15 days’ time to rectify the application.
What if person wants to change any of the details given in DIR-03/SPICe i.e. application of DIN?
Any person who is willing to change any basic information provided while furnishing DIR-03/SPICe is required to file DIR-06. This will allow him to update the details furnished by him.
What if person wants to cancel the DIN?
In case if person wants to cancel or surrender the DIN which he holds than he is required to furnish DIR-05 i.e. application for cancelling/surrendering DIN. Along with this he is required to furnish declaration that he has never been appointed as director in any company; neither he has signed any documents using this DIN. Therefore, if any person is appointed as director in a company even for single day and even though now, he is not director in any company then also he cannot surrender DIN.
What are the circumstances under which central government may cancel the DIN?
The Central government may cancel the DIN due to the following reasons:
- If a duplicate DIN has been issued to the director.
- DIN was obtained by fraudulent means.
- On the death of the concerned person.
- The person has been declared unsound mind by the court.
- The person has been adjudicated as insolvent.
What is the amount of fees that is payable for filling DIR-03?
Fees for filling DIR-03 is 500 rupees and which is non-refundable even if application is rejected.
Whether Permanent Account Number (PAN) is mandatory while applying for DIN?
It depends on nationality of person, if person applying is Indian national than PAN is mandatory however if in case of foreign national it is optional. Further applicant’s name (first, middle and last name), applicant father’s name (first, middle and last name) and date of birth should be as per PAN details. In case if details mentioned in DIN application is not as per Income tax database, then person will not be allowed to furnish application.
Whether provisional DIN allotted to person can be used as DIN?
No, it cannot be used by the person for filling e-forms and also applicant cannot sign as a director.