Full Form of DIN
DIN stands for Director Identification Number. It is a unique identification number assigned to individuals who wish to become directors of a company in India. Below are key points regarding DIN:
- Purpose:
The DIN is used to identify and track directors of companies for regulatory and compliance purposes.
Issuing Authority:
The DIN is issued by the Ministry of Corporate Affairs (MCA) in India.
Application Process:
- Individuals must apply for a DIN via the MCA’s online portal.
Required documents typically include:
- Identity proof (like a passport or driver’s license)
- Address proof (such as a utility bill)
Validity:
The DIN remains valid for a lifetime unless it is surrendered or deactivated due to non-compliance with regulations.
Importance:
- All companies in India must have at least one director with a valid DIN.
It helps in ensuring professionalism and accountability in corporate governance.
Regulatory Compliance:
- Directors are required to comply with various legal obligations, and having a DIN is a fundamental requirement.
In summary, the Director Identification Number (DIN) is a crucial aspect of corporate governance in India, facilitating the identification and regulation of company directors.