Unused DIN Surrender
Used DIN surrender
Duplicate DIN Surrender
Process involved in DIN Surrender
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Form DIR –6
Form DIR – 6 is filled with the relevant changes, and attach copy of the proof of the changed particulars and verification in the Form DIR – 7 all of which shall be scanned and submitted electronically
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Signed
the form shall be digitally signed by a chartered accountant in practice or a company secretary in practice or a cost accountant in practice; and Form DIR – 6 is submitted
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intimation
The Central Government, after verification of such changed particulars from the enclosed proofs, shall incorporate the said changes and inform the applicant by way of a letter by post or electronically or in any other mode confirming the effect of such change.
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New DIN
New DIN is issued within 2-3 working days to the assesee
DIR-3 eKYC Filing
DIR-3 eKYC form would have to be filed by all Directors who have been allotted a DIN on or before 31st March 2018. The date for allotment of DIN can be ascertained from the DIN allotment letter.
The DIN eKYC form must be filed using the Directors own DSC (Digital Signature) and should be certified by a practising Professional like Chartered Accountant, Company Secretary or Cost Accountant.
Due Date for DIR-3 eKYC or DIN eKYC
The Ministry of Corporate Affairs has fixed 31st August 2018 as the due date for filing DIR-3 eKYC form. If DIN eKYC is not completed on or before the due date, the MCA system will automatically deactivate those DINs for which the form is not filed. In such cases, the system will show the message that DIN was deactivated for ‘Non-filing of DIR-3 KYC’.
If a DIN is deactivated for non-filing of DIN eKYC form, it can be reactivated by paying a penalty (to be announced) and by filing DIR-3 eKYC form.
Disqualified Directors
Directors of companies that have continuously not filed company annual return for 3 years have recently been disqualified by the MCA. The MCA has provided an opportunity for reactivating such companies through the Condonation of Delay scheme.
Even such Directors who have been disqualified by the MCA are required to file DIN eKYC to update their email and phone number on MCA record. Failure to file DIR-3 eKYC form by disqualified Directors will also lead to additional penalty.
DIR-3 Form vs DIR-3 eKYC Form
Form DIR-3 and DIR-3 eKYC will be separate forms:
DIR-3
The main purpose of the DIR-3 form is to apply for obtaining Director Identification Number. Any individual who is an existing director or intending to be appointed as the Director of an existing company would be required to file DIR-3 form to obtain DIN. One person can have only one DIN.
Recent changes to the company incorporation process has made DIR-3 form not applicable for obtaining DIN during new company incorporation, as DIN is automatically issued under SPICe Form.
DIR-3 eKYC
DIR-3 eKYC form will be a new form that is different from the DIR-3 form. While the DIR-3 form is used to generate DIN, DIR-3 eKYC form would be used to complete eKYC procedure each year. Further, it can be ascertained from the MCA notification that DIR-3 eKYC form would have to be filed every year as the notification states “MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly.”
Frequently Asked Questions (FAQ's)
Feature's of DIN Surrender
Database
To create a reliable database of and for all Directors
Shows existance
To authenticate the existence of Directors in the companies and held them legally responsible.
Avoid Scams
To avoid financial scams, such as in the cases where fake companies are formed to raise public capital, and later, Directors run away with the money
