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KYC norms: 1.8 million directors struck off MCA rolls, DINs deactivated

The remaining directors of the total of 3.2 million have updated their KYC forms

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Veena Mani New Delhi
The government has struck 1.8 million directors off the rolls because they failed to comply with know-your-customer (KYC) norms. This means that the director identification numbers (DINs) of these directors have been deactivated. The directors, however, can pay the government a fine and update their KYCs to get their DINs reactivated. Having on board a director with a reactivated DIN will not affect the functioning of a company. 

However, this may preclude any further lapse and the board of directors of all companies will be forced to take compliance seriously.

The remaining directors of the total of 3.2 million have