Tuesday, September 9, 2008

Forming a Company in India: Step 2 - Obtain Director Identification Number

You need to have a minimum of two directors in case of a Private Limited company

The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections 266A to 266G of Companies (Amendment) Act, 2006.

Further details can be obtained at http://mca.gov.in/MinistryWebsite/dca/din/DIN.htm

Make sure of the following:

1. Pay the application fees on the MCA portal after you obtain the provision DIN
2. Dispatch DIN application with required documents and information
3. Once you obtain a DIN, intimate you DIN to all companies in which you are a director, in form DIN-2
4. Make sure your companies intimate the DINs of its directors to the ROC, in form DIN-3
5. Any changes that become effective based on information filed in DIN-1 should be intimated, in form DIN-4

A detailed DIN Process document is available at http://mca.gov.in/MinistryWebsite/dca/din/processdoc.pdf

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