The act of surrendering a Director Identification Number (DIN) is very important in the corporate world because it allows people to end their directorship roles in a formal way, giving a sense of closure. This blog gives a clear, step-by-step explanation of how to give up your Seamless DIN Surrender (Director Identification Number) in a quick and easy way. By following the rules, people can make the process run more smoothly and make sure that legal standards are met.
Table of Content
Meaning of DIN
Director Identification Number (DIN) is a unique identification number assigned to individuals who occupy or seek directorship positions in companies registered in India under the Companies Act, 2013. This unique identifier is used to keep track of the director’s activities, appointments, and responsibilities across multiple companies.
The DIN system improves corporate sector transparency, accountability, and governance by ensuring that each director’s credentials and affiliations are appropriately documented and readily accessible. For surrendering a DIN, one should know about DIN surrender Form, rules, and reasons to do so.
Reasons for surrendering a DIN
Following are the reasons for surrender of DIN under Companies Act, 2013:
- Termination of Directorship: If an individual is no longer a director in any company and does not intend to hold a directorship position in the future, they can surrender their DIN.
- Non-Applicability: If a person has been assigned multiple DINs due to errors or technical issues, they can choose to surrender the duplicate or unused DINs.
- Ineligibility: Individuals who have obtained DINs through fraudulent means or have become ineligible for directorship positions can choose to surrender their DINs.
- Death: At the time of death of the director
- Disqualification: The individual in question has been deemed mentally incompetent by a legally authorized court and if the individual has been legally declared insolvent, it is relevant.
- Form DIR-5: The DIN holder can turn in his or her DIN by filling out Form DIR-5 and stating that he or she has never been a member of a company and that the DIN has never been used to file a document with any authority. The Central Government can then deactivate the DIN.
Documents required for surrender of DIN
The Seamless DIN Surrender under section 153 can be by two modes one is that the other person can file application for surrender the DIN on behalf of DIN Holder and the second method is the DIN Holder itself file application for surrender of DIN.
- Applicant PAN CARD self-attested copy
- Applicant Address proof self-attested copy
- Death Certificate copy of the DIN Holder
- Surrender of DIN Affidavit
- DIN Holder PAN CARD self-attested copy
- DIN Holder Address proof self-attested copy
Process of Surrender of DIN
A Seamless DIN Surrender: A Breakdown of the step-by-step procedure for returning your Director Identification Number (DIN):
- Gather the Required Information: Obtain all the necessary information and paperwork for the DIN surrender procedure and DIN surrender fees, including your DIN, your contact information, and any pertinent business information.
- Prepare the application: Create a letter of intent for the surrender of your DIN on business letterhead and send it to the Ministry of Corporate Affairs (MCA). Give a detailed explanation of why you are returning the DIN.
- Include the Necessary Documents: Include any other supporting documents necessary by MCA, such as a copy of your PAN card, Aadhaar card, passport-sized photo, and any other documentation.
- Notarize the application: You can notarize your application by going to a notary. Your application gains authenticity as a result.
- MCA submission: Use the MCA’s portal to submit the application, a copy that has been notarized, and any necessary supporting documentation & form should be certified by a professional.
- Wait for MCA approval: Wait for the MCA to approve the application after submitting it. Your application and any supporting materials will be examined by them.
- Confirmation of Surrender: A confirmation of the surrender of your DIN will be sent to you once the MCA has approved your application.
- Update Company Records: Inform any businesses you were connected to of the surrender and make sure they update their records as necessary
- Alert Additional Authorities: Inform other pertinent authorities or agencies of the return of your DIN as necessary.
- Maintain Documentation: Keep copies of all submitted paperwork for your records, including approvals and confirmations.
How to verify a Person’s DIN Count?
To verify a person’s Director Identification Number (DIN) count, one can follow these steps:
- Visit MCA Website: Go to the official website of the Ministry of Corporate Affairs (MCA) of India at https://www.mca.gov.in/.
- Access MCA Services: Go to the “MCA Services” section on the website.
- Choose DIN Services: Under the MCA Services section, look for the option related to Director Identification Number (DIN) services. This might be under headings like DIN Services or DIN Verification.
- Select DIN Search: Click on the option that allows you to search for a person’s DIN details or verify their DIN count.
- Enter Details: Provide the required details of the person you want to verify, such as their name, date of birth, or PAN (Permanent Account Number). It’s recommended to enter as accurate information as possible to ensure accurate search results.
- Initiate Search: After entering the details, initiate the search or verification process.
- Review Search Results: The system will display the search results, which may include a list of DINs associated with the provided information.
- Verify Details: Review the displayed DINs and their associated details to confirm the person’s DIN count and related information.
If you have more than one DIN, you can only surrender the New DIN. You can’t give up old DIN. On your request to submit, RD will move the companies you hired from the New DIN to the Old DIN.
Final Words
When a person wants to move forward in their career, they often must give up positions that no longer fit with their changing goals. As this blog post explains, the process of Seamless DIN surrender , which gives people the freedom to leave their directorship duties in a smooth way. With clear directions, following the law, and a commitment to the right paperwork, this process becomes a key part of the search for new horizons.
