Companies Act, 2013--Directors KYC

Director's KYC--Yearly compliance for every DIN holder

Parul Mutha

Director's Identification Number (DIN) is a unique 8 digit code allotted by Central Government to any person intending to be a director or any existing director of a company. DIN verifies the identity of Directors and helps in avoiding fraud. Hence it is important to have in place certain compliance requirements. This article entails the details of the yearly KYC compliances for every DIN holder.

1. How to obtain DIN?

Section 153 of the Companies Act, 2013 contains provisions with regards to the allotment of Director Identification Number. The DIN Form is available on MyMCA portal i.e. Form DIR-3. Procedure for obtaining DIN for a newly incorporated company-