din

Background Section 12A of the Companies Act, 2013 requires every individual who holds a Director Identification Number (DIN) as on 31st March of a financial year is required to submit e-form DIR-3 KYC for that financial year to the Central Government on or before 30th September of the immediate financial year. In our previous article, we understood the provisions related to Form DIR-3 KYC and DIR-3 KYC-WEB. Here we will understand how to file eForm DIR-3 KYC and verification through DIR-3 KYC-WEB....

Introduction Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018 Dated 05.07.2018 inserted a new rule to Companies (Appointment and Qualification of Directors) Rules, 2014, Rule 12A - Directors KYC. The main purpose of having DIR-3 KYC provision is to ensure the data related to Directors available with the Government is up to date. There were many instances where the Government found that either the details furnished at the time of applying DIN were not true or the updated particulars of an individual acting as a Director is not available and hence it becomes difficult to the Government to enforce regulatory actions such persons in case of non-compliance or fraud....

Introduction Every person who is intending to become Director in a company incorporated in India is required to obtain a DIN number. The concept of DIN number was first incorporated by the insertion of Sections 266A to 266G of Companies (Amendment) Act, 2006. The provisions of the Companies Act, 2013 mandate obtaining of DIN before the appointment of an individual as a director of the company and also mandates indication of DIN in any return, documents or application filed with various authorities wherein there is a reference of the Director or information or particulars related to the director are required to be furnished....