Home » Company Law » New DIN Forms- Amendment to Companies Director Identification Number Rules, 2006.

New DIN Forms- Amendment to Companies Director Identification Number Rules, 2006.

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DIN 1 Form and DIN 4 Forms have been substituted with effect from 12 June 2011 by the amendment of the Companies Director Identification Number Rules, 2006. The relevant notification dated 02 June 2011 can be accessed at http://www.taxmann.com/whatsnew.aspx?stype=1&sid=5867
. Some of the key changes are:
1. It is now mandatory to mention the PAN Number in Form DIN 1.
2. It is also mandatory for existing directors to inform MCA about their PAN number by filing the new Form DIN 4 by 30 September 2011.
3. Further, w.e.f. 12 June 2011, all DIN1 and DIN 4 Forms have to be digitally signed by a Chartered Accountant, Company Secretary or a Cost Accountant who shall verify the particulars. These applications shall also be approved online.
4. After  after successful payment of the requisite fee, the system after processing, shall automatically generate the approved DIN, except for cases where potential duplicates are identified. In potential duplicate cases, the provisional DIN shall be generated by the system.
Though the circular mentioned above is silent on foreign nationals, a previous circular General Circular No. 11/2011 dated 07 April 2011 has mentioned that it has been decided to make PAN Numbers mandatory for Indian nationals and Passport numbers mandatory for foreign nationals. The same is also reflected in the new Form DIN 1 and DIN 4 which make filling of the passport details only mandatory for foreign nationals.

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