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Friday, 24 June 2011

DIRECTOR IDENTIFICATION NUMBER: RECENT CHANGES AT A GLANCE


  1. MCA vide circular 5/2011 dated 4-3-11, provided that DIN application can be digitally signed by the applicant or Practicing CA/CS/ICWA or CS in Full time employment. Scanned documents required to be submitted along e-form and physical submission of documents dispensed with.           If din is signed by applicant the din shall be allotted after one or two days but if application is signed by professional din shall be immediately allotted. If false information is furnished, penal action shall be taken including professional misconduct against professional along cancellation of DIN.
  1. There after vide notification dated 26-3-2011, it was mentioned that photo, proof of ID, proof of residence, verification by applicant in prescribed format shall be scanned and enclosed. It further notified the matter mentioned in circular dated 4-3-11 and further mentioned that defects shall be notified through mail and on web site and if defect is not rectified in 15 days, DIN shall be cancelled. DIN 4 to be signed by practicing CA/CS/ICWA only NO cost for DIN-4
  2. There after vide circular 11/2011 dated 7-4-2011, PAN made mandatory for Indian nationals and passport made mandatory for foreign nationals and all DIN holders required to furnish PAN till 31-5-2011 if they had not earlier furnished PAN.
4.    Vide circular 32/2011 dated 31-5-2011,  furnishing of Din for PAN information extended to 30-9-2011 failing which DIN to be diabled along heavy penalty.
  1. Later vide notification dated 2-6-2011 made effective from 12-6-2011, the digital sign by director dispensed with and signing by practicing CA/CS/ICWA or CS in full time employment made mandatory. For DIN-4 also full time employee CS allowed to sign DIN-4 beside PCA/PCS/PICWA

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