1 / 11

MEANING AND LEGAL FRAMEWORK OF Director Identification Number (DIN)

DIN stands for Director Identification Number, which is issued by the Central Government to anybody who wishes to become a director or who is already a director of a firm. The notion of Director Identification Number (DIN) will be discussed in this article based on some important topics.

vkagrawalassociates
Télécharger la présentation

MEANING AND LEGAL FRAMEWORK OF Director Identification Number (DIN)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MEANING AND LEGAL FRAMEWORK OF DIN VINOD K AGRAWAK & ASSOCIATES, CA

  2. WHAT IS DIN? • A Director Identification Number (DIN) is a one-of-a-kind number assigned to an individual who is appointed as a director of a company after filling out form DIR-3 in accordance with sections 153 and 154 of the Companies Act, 2013. • A new company's application for a DIN number must be submitted solely through the SPICeeform at the time of formation.

  3. WHAT IS DPIN? • Any individual who intends to be designated as a Designated Partner of a Limited Liability Partnership must register for a Designated Partner Identification Number (DPIN) (LLP).

  4. LEGAL FRAMEWORK • With the addition of Sections 266A to 266G of the Companies (Amendment) Act, 2006, the notion of a Director Identification Number (DIN) was introduced for the first time. • As a result, all current and prospective Directors must get DIN within the specified time range.

  5. AUTHORITY ACCREDITED FOR DIN ALLOTMENT • Anyone who wants to become a director of an established corporation must fill out Form DIR-3, which is then processed by the federal government (Office of Regional Director, Ministry of Corporate Affairs). • The authorizing authority will also issue a DIN to the individual who is appointed as a director after completing form SPICe (INC-32) (Central Registration Centre).

  6. PROCEDURE FOR OBTAINING DINAnyone interested in becoming a director of a new company must apply for a Director Identification Number solely using the SPICeeform at the time of formation. Any individual who wishes to become a director of an established business must submit an application for a DIN number using eForm DIR-3 and complete the steps below: • As required, include a photograph as well as a scanned copy of supporting papers, such as attested proof of identification and attested evidence of domicile. • The Applicant must sign Form DIR-3, which must be digitally validated by a Firm Secretary in full-time employment with the company or by the Managing Director, Director, CEO, or CFO of an existing company where the applicant is to be appointed as a director. • Upload the identical form to the MCA portal and pay the eForm DIR-3 filing charge. • Following that, either an authorised DIN will be created, or your DIN will be marked as "Provisional" or "Rejection.“ (Note: If the details of the eform are discovered to be a probable duplication, a provisional DIN will be created.)

  7. DIN APPLICATION AND AMENDMENT FORMS • SPICe Form: Applications for allocation of DINs to proposed first Directors in new businesses must be submitted in SPICe form only. • DIR-3 Form: Anyone wishing to become a director of an established business must submit an application for a DIN using eForm DIR-3. • DIR-6 Form: Any changes to the directors' personal information must be recorded on form DIR-6.

  8. HOW TO RESOLVE A PROVISIONAL AND REJECTED DIN APPLICATION PROBLEM

  9. PROVISIONAL DIN: • If the details of the eform are discovered to be a potential duplication, a provisional DIN will be created. • In this case, the user will receive an appropriate informational message with a correct and clear justification in the receipt. • Then, according to your circumstance, you must enter information and supporting papers and resubmit the form. • Following that, it's sent to the DIN cell for back-office processing. • Provisional DIN becomes approved DIN once the form is authorized, and it can be used again.

  10. MAJOR REASONS FOR DIN APPLICATION REJECTION: • The following are some of the most common errors made by applicants that result in the rejection of their DIN application: i. Failure to provide supporting documentation, such as verification of date of birth or the applicant's father's name. ii. Invalid Application/Supporting Documents: For example, the supplied proof of identification was not issued by a government agency.

  11. THANKYOU For more details contact us through: https://cavkagrawal.business.site/ VINOD K AGRAWAL & ASSOCIATES, CA

More Related