Every director of a company must have a Director Identification Number (DIN). The DIN is a unique number issued by the Ministry of Corporate Affairs. It is mandatory for the appointment as a director.
The application
A person applies for a DIN through Form DIR-3. The application must be accompanied by the proof of identity, the proof of address and the photograph. The DIN is usually issued within a few days.
The KYC
Every person who holds a DIN must file the KYC details every year. The KYC is filed through Form DIR-3 KYC. The form must be filed by 30 September of the following financial year. The KYC is mandatory even if the person is not currently a director.
The deactivation
If the KYC is not filed, the DIN is deactivated. A deactivated DIN cannot be used for any filing or appointment. The deactivation can be reversed by filing the KYC with a late fee. The late fee is ₹5,000.
The reactivation
A person with a deactivated DIN can file the KYC with the late fee to reactivate the DIN. The reactivation is processed after the form is filed and the fee is paid.
The practical points
Every DIN holder should file the KYC by 30 September each year. A person who is not currently a director should still file the KYC, because the DIN is deactivated otherwise. The company should check the DIN status of every director before the appointment.
Call to Action: We advise companies and directors on DIN applications, KYC and reactivation. For a DIN review, contact office@anujdesaiassociates.com, Ph No. 9619456656, Website https://anujdesaiassociates.com, LinkedIn linkedin.com/in/ca-anuj-desai-122547230.