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Over 1.6 million DINs deactivated for non-compliance with KYC requirements

The deactivated DINs are reactivated only after a particular electronic form is submitted along with the prescribed fee by the individual concerned

Press Trust of India  |  New Delhi 

Union Finance Minister Arun Jaitley
Union Finance Minister Arun Jaitley

The government deactivated director identification numbers (DINs) of more than 1.67 million individuals till the end of November, as they failed to comply with requirements.

Individuals having DINs are required to submit (KYC) details in electronic format under the Companies Act.

"As on November 30, 2018, 16,71,167 holders were deactivated due to non-filing of KYC," Corporate Affairs Minister Arun Jaitley said in a written reply to the Lok Sabha on Friday.

An individual whose has been deactivated would not be able to make any filings on the MCA21 portal.

The portal is for making various filings required under the companies law.

The deactivated DINs are reactivated only after a particular electronic form is submitted along with the prescribed fee by the individual concerned.

After the extended deadline of October 5 and up to December 15, Jaitley said, 8,000 DINs have been reactivated after filing of the DIR-3 e-form.

"The drive for professionals (chartered accountants, company secretaries and cost accountants) and companies will also be commenced shortly," Jaitley said.

First Published: Fri, December 21 2018. 16:15 IST
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