A Director Identification Number (DIN) is a unique identifier. According to information from the Central Government of India, it is an eight-digit identification number assigned to an individual who is either a director of a company or intends to become one.
Key Aspects of DIN
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Unique Identification: A DIN serves as a unique reference number for a director.
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Issuing Authority: In India, the Central Government issues DINs. (09-May-2024)
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Mandatory for Directors: Anyone who is a director of a company, or plans to become one, must obtain a DIN. (09-May-2024)
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Eight-Digit Number: A DIN is composed of eight numerical digits. (09-May-2024)
Purpose of DIN
The DIN system aims to:
- Track company directors and their involvement with various companies.
- Enhance transparency and accountability in corporate governance.
- Prevent fraudulent activities and mismanagement by directors.
In essence, the Director Identification Number is a crucial tool for regulating and monitoring company directorships.
