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Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.
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What is a Director Identification Number?
Director identification number is a unique number allotted by the Ministry of Corporate Affairs in India. This is an eight digit number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company.A DIN is necessary because many a times it has been observed that company raises money from investors/public and vanishes away and it becomes difficult to trace the director. The main purpose of introducing DIN was to maintain a complete database of details of the directors so that in case they cheat someone they are easily traceable. DIN not only helps in fixation of the identity of directors but also tracks his participation (past/current) with other companies.DIN has become mandatory and also a pre requisite to incorporate a company. Also a person can hold only one DIN irrespective of the number of companies he is managing.
How many digits are there in Director Identification Number?
9
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