Director Identification Number (DIN)
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the purpose of a Director Identification Number (DIN)?

  • To identify the designated partners of a limited liability partnership
  • To identify the shareholders of a company
  • To identify the directors of a company (correct)
  • To identify the auditors of a company
  • When is a Director Identification Number (DIN) obtained by individuals considered valid for the purpose of the Companies Act, 2013?

  • After the notification of the ‘Specification of Definitions Details Rules’
  • When appointed as a designated partner in a limited liability partnership
  • Before the notification of the ‘Specification of Definitions Details Rules’ (correct)
  • When appointed as a director of a company
  • What does the Director Identification Number (DIN) include, as per the rules made under the Limited Liability Partnership Act, 2008?

  • Designated Partnership Identification Number (DPIN) (correct)
  • Tax identification number (TIN)
  • Social security number (SSN)
  • Passport number of the individual
  • Under which section does the requirement for a Director Identification Number (DIN) for appointment as a director of a company appear?

    <p>Section 152 (3)</p> Signup and view all the answers

    In Example 7 provided in the text, what is Mr. Rajesh's existing Director Identification Number?

    <p>00452568</p> Signup and view all the answers

    What is the prescribed form for making an application for allotment of DIN before appointment in an existing company?

    <p>Form DIR-3</p> Signup and view all the answers

    Who may prescribe any identification number to be treated as Director Identification Number which would exempt an individual from the requirement of Section 153?

    <p>Central Government</p> Signup and view all the answers

    What are the documents that an applicant needs to attach while submitting Form DIR-3 electronically?

    <p>Photograph, proof of identity, proof of residence, board resolution proposing appointment as director, specimen signature</p> Signup and view all the answers

    Who is responsible for providing an electronic system to facilitate submission of application for the allotment of DIN through the portal on the website of the Ministry of Corporate Affairs?

    <p>Central Government</p> Signup and view all the answers

    According to Rule 9 of the Companies (Appointment and Qualifications of Directors) Rules, 2014, how many proposed directors may have DIN allotted to them through Form INC-32 (SPICe)?

    <p>Maximum three</p> Signup and view all the answers

    Study Notes

    Director Identification Number (DIN)

    • The purpose of a Director Identification Number (DIN) is to identify a director uniquely.

    Validity of DIN

    • A DIN obtained by an individual is considered valid for the purpose of the Companies Act, 2013.

    Composition of DIN

    • As per the rules made under the Limited Liability Partnership Act, 2008, a DIN includes:

    Requirement of DIN

    • The requirement for a DIN for appointment as a director of a company appears under Section 153.

    Example of DIN

    • Mr. Rajesh's existing Director Identification Number is not specified in the provided information.

    Application for DIN

    • The prescribed form for making an application for allotment of DIN before appointment in an existing company is Form DIR-3.

    Exemption from DIN Requirement

    • The Central Government may prescribe any identification number to be treated as a Director Identification Number, exempting an individual from the requirement of Section 153.

    Documents Required for DIN Application

    • An applicant needs to attach the following documents while submitting Form DIR-3 electronically:
    • Not specified in the provided information

    Electronic System for DIN Application

    • The Ministry of Corporate Affairs is responsible for providing an electronic system to facilitate submission of application for the allotment of DIN through the portal on the Ministry's website.

    Form INC-32 (SPICe) for DIN Allotment

    • According to Rule 9 of the Companies (Appointment and Qualifications of Directors) Rules, 2014, three proposed directors may have DIN allotted to them through Form INC-32 (SPICe).

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Test your knowledge about the Director Identification Number (DIN), which is an identification number allotted by the Central Government to individuals intending to be appointed as directors or to existing directors of a company.

    More Like This

    Use Quizgecko on...
    Browser
    Browser