The ministry of corporate affairs today announced simplified rules and proceedures relating to the issue of Director Identification Number (DIN) and make it available online, in a bid to cut time and bring transparency in service delivery.
As per section 253 of the Companies Act, 1956, no person can be appointed as director of a company unless he/she has been allotted a `DIN' by the government on his application. At present, it takes about 2 to 5 days in this process of filing applications, its examination and allotment of DIN.
In the revised process, the DIN applications will be filed in e-form DIN-1 and scanned documents in support of the particulars of the applicant will be attached with the e-form. No physical documents will be accepted.
Where the e-form is digitally signed by a practicing chartered accountant or company secretary or cost accountant, verifying the particulars of the applicant given in the application, the DIN will be allotted by the system immediately online.
In other cases, where the DIN form is digitally signed by the applicant only, the applications will be examined by the central government and will be disposed of within two to three days.
Similarly, DIN-4 (changes of particulars of director) is also being made an e-form, which could be submitted online and processed through STP mode.