04 May 2011

Circular on DIN Simplification

FURTHER SIMPLIFICATION IN ALLOTMENT OF DIN


Allotment of Director Identification Number (DIN) under Companies Act, 1956


GENERAL CIRCULAR NO. 11/2011, DATED 7-4-2011


The Ministry of Corporate Affairs has already simplified the process for obtaining DIN online, if the DIN-1 eform has been digitally signed by the practicing Chartered Accountant, Company Secretary or Cost Accountant, verifying the particulars of the applicants given in the application. However, in other cases, where the DIN form is digitally singed by the applicant only, the applications are being disposed of within one or two days after examination by the Central Government.


2. As another step towards simplification in allotment of DIN, the Ministry is considering to allot all DIN applications online. To examine the DIN-4 eform through the system, it has been decided that following fields in the DIN-1 eform will be mandatory:


(i) Name of Applicant


(ii) Father's name of the Applicant


(iii) Date of Birth


(iv) Income Tax Permanent Account Number (PAN) in case of all Indian Nationals.


(v) Passport in case of all Foreign Nationals.


3. At present, the PAN of the applicant is not a mandatory field in DIN eform-1. In order to examine DIN-4 eform through the system and to avoid duplicate DIN, it has been decided that all existing DIN holders who have not furnished their PAN earlier at the time of obtaining DIN, are required to furnish their PAN by filing DIN- 4 eform by 31st May, 2011.


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