The full form of DIN is the Director Identification Number. It is a unique number that is given to a person who intends to become a director of a company in India. In this blog, we will learn more about this acronym and know what this number means.
What is a Director Identification Number?
A Director Identification Number is a unique 8-digit number allotted by the Ministry of Corporate Affairs (MCA) to a person who intends to become a director of a company in India. DIN was introduced in 2006 as part of the Companies Act, 2006.
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Why is a DIN required?
A DIN is required for the following reasons:
- Ensuring the identity and address of directors of companies.
- Prevent directors from using multiple identities or addresses to become directors of multiple companies.
- Tracking the history of directors and their associations with different companies.
- Make it easier for regulatory authorities to monitor the activities of directors.
Uses of a DIN
A DIN is required for the following purposes:
- To become a director of a company in India.
- File any documents with the MCA, such as the annual return or director appointment form.
- Signing any documents on behalf of a company.
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DIN is required for all directors of companies in India and is used to ensure their identity and track their history. In the context of currency, DIN also stands for Dinar. The currency of several countries, including Algeria, Iraq, Jordan, Libya, and Serbia.
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