Over 7,000 individuals holding multiple DIN: Govt

Image
Press Trust of India New Delhi
Last Updated : Jul 08 2014 | 3:37 PM IST
More than 7,000 individuals were holding multiple Director Identification Numbers (DIN) prior to June 2011 but no fresh cases have been reported since then, Parliament was informed today.
Under the companies law, all the existing and intending Directors have to obtain DIN and an individual can't have more than one DIN.
"As per MCA database, there are 7,135 individuals holding multiple...DIN dating back prior to June, 2011 when validation of application for DIN with the income tax PAN data was made compulsory," Minister of State for Corporate Affairs Nirmala Sitharaman said in a written reply to the Rajya Sabha.
"While a few defaulters have already submitted applications for compounding of the defaults, directions have been issued for verification of all cases of the same individual holding more than one DIN," she added.
According to the minister, "no fresh case relating to the period after June 2011 has come to light".
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 08 2014 | 3:37 PM IST

Next Story