Director Identification Quantity Below Corporations Act 2006

Director Identification Number Under Companies Act 2006

One of many functions which is sought to be achieved by the enactment of the businesses act 2006 is to establish each director of firm always by making statutory provision in respect of Director Identification Quantity. On this article, we see in regards to the DIN registration course of. In conformity with part 266A, each particular person proposing to be appointed as a director shall apply for and procure Director Identification Quantity (DIN), however he could also be appointed as a Director. DIN is obligatory on your firm registration procedures.
Guidelines Notified The businesses Director Identification Quantity guidelines, 2006 has been notified vide notification GSR 649 (E). The options of the foundations are defined beneath : Type of Utility The individuals talked about above shall make the appliance in Kind DIN-1 within the digital mode. Provisional Director Identification Quantity-rule 3 The system will electronically generate and point out within the area supplied a provisional DIN, which shall be legitimate for a interval of 60 days from the date it was generated. Making software with price After the provisional director identification quantity is generated, the formal software in Kind DIN-1 shall be made inside 60 days from the date on which provisional, it was generated failing which the provisional DIN will lapse. A passport dimension {photograph} shall be affixed within the area supplied within the kind. Certification The {photograph}, the proof of identification and residence shall be licensed by the corporate secretary in full time employment of one of many corporations by which the particular person is proposed to be appointed as director or he’s present director or by any of the next authorities. (a) Gazetted Officer of the central or state authorities (b) Notary public (c) Chartered Accountant, Firm Secretary, Value and Works Accountant Holding a certificates of observe. Allotment The central authorities shall talk the allotment of DIN or rejection thereof inside a interval of 1 month from the receipt of the appliance.The DIN allotted earlier than the graduation of the foundations shall be deemed to have been allotted beneath the foundations. Appointment of an individual When it comes to the second proviso to clause (b) of part 266A, an individual could also be appointed director supplied he has made an software for the allotment of DIN. Intimation to the corporate Each present Director together with a director appointed after the graduation of the foundations shall furnish the small print of DIN granted to him to each firm by which he’s director inside one month of the receipt of the DIN. This shall be accomplished in Kind DIN-2. This isn’t in digital mode. Intimation to the registrar duly licensed Each firm shall, inside one week of the receipt of intimation from administrators, furnish to the registrar the small print of DIN in Kind DIN-Three in digital mode together with price as prescribed in Schedule X to the act. Each firm registration course of, DIN is obligatory on your registration course of. Change in particulars given within the kind Within the occasion of any change within the particulars given in type of software DIN-1 for the allotment of DIN. The director involved shall intimate such adjustments to the central authorities (specifically. the regional director, Chennai) in Kind DIN-Four inside a interval of 30 days from such expenses. No price is payable for intimating the costs The shape DIN-Four shall be filed bodily. The central authorities on being happy with the proof of the adjustments, shall incorporate within the digital database maintained by the ministry and shall additionally inform the director involved. Delegation of powers to the regional director, northern area
The central authorities has, by Notification No. GSR 650(E) dt. 19-10-2006, delegated their powers beneath part 266A and 266B to the Director, Joint Director, Deputy Director or Assistant Director posted within the workplace of the regional director, northern area. Validity As soon as the DIN is allotted to a director is efficient for the life-time of the mentioned director and shall not be allotted to another particular person throughout his life-time.

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