Surrender of Director’s Identification Number (DIN): A Crucial Process

Surrendering a Director’s Identification Number (DIN) becomes necessary for individuals who hold a DIN but are not currently serving as directors or designated partners in any company or LLP, and have no intention to do so in the near future. To surrender the DIN, an application must be submitted in Form DIR-5 along with a declaration stating that the DIN holder has never been appointed as a director in any company and the DIN has not been used for filing any document with any authority. Prior to deactivating the DIN, the government will verify the electronic records. It’s important to note that if a person has held directorship in any company using the DIN, the DIN cannot be surrendered by filing Form DIR-5.

Reasons for Surrendering DIN:

The application for surrendering DIN in Form DIR-5 can be filed for various reasons, including:

1. Possessing multiple DINs
2. Obtaining DIN through wrongful or fraudulent means
3. Death of the individual holding the DIN
4. Being declared a person of unsound mind by a competent court
5. Being adjudicated as insolvent

Simplify the Surrender of  Director’s Identification Number

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