MCA makes it mandatory for CAs, CSs, CWAs to digitally sign DIN applications

Permanent Account Number (‘PAN’) has been made mandatory for DIN applications. Also, previous DIN holders are required to add their PAN details vide form DIN-4 on or before 30 September 2011.

THE Ministry of Corporate Affairs has vide General Circular No. 32/2011, New Delhi Dated 31^5t May, 2011 decided that with effect from 12th June, 2011, all DIN-1 & DIN-4 applications have to be digitally signed by the practicing Chartered Accountants, Company Secretaries or Cost Accountants who shall also verify the particulars of the applicant given in the applications. All these applications will be approved online.

At present, the PAN of the applicant is not a mandatory field in DIN eform-1. In order to examine DIN e-forms through the system and to avoid duplicate DIN, it has been decided that all existing DIN holders who have not furnished their PAN earlier at the time of obtaining DIN, are required to furnish their PAN by filing DIN-4 e-form by 30th September, 2011 failing which their DIN will be disabled and they shall also be liable for heavy penalty

It may be noted that the Ministry has already issued instructions on April 7 this year regarding the intention to allot all DIN applications online and to examine the DIN-1 and DIN-4 e-form through the system. Accordingly, following fields in the DIN e-form will be mandatory :

(i) Name of Applicant

(ii) Father’s name of the Applicant

(iii) Date of Birth

(iv) Income Tax Permanent Account Number (PAN) in case of all Indian Nationals.

(v) Passport in case of all Foreign Nationals.

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General Circular No. 32/2011, New Delhi Dated 31^5t May, 2011

Sub : Allotment of Director Identification Number (DIN) under Companies Act, 1956

Sir,

The Ministry of Corporate Affairs vide its General Circular No. 11/2011 dated 07.04.2011 has already informed that the Ministry is considering to allot all DIN applications online and to examine the DIN-1 and DIN-4 e-form through the system, following fields in the DIN e-form will be mandatory :

Name of Applicant

Father’s name of the Applicant

Date of Birth

Income Tax Permanent Account Number (PAN) in case of all Indian Nationals. Passport in case of all Foreign Nationals.

It has been decided that with effect from 12^th June, 2011, all DIN-1 & DIN-4 applications has digitally signed by the practicing Chartered Accountants, Company Secretaries or Cost Accountants who shall also verify the particulars of the applicant given in the applications. All these applications will be approved online.

3. At present, the PAN of the applicant is not a mandatory field in DIN eform-1. In order to examine DIN e-forms through the system and to avoid duplicate DIN, it has been decided that all existing DIN holders who have not furnished their PAN earlier at the time of obtaining DIN, are required to furnish their PAN by filing DIN-4 e-form by 30^th September, 20H failing which their DIN will be disabled and they shall also be liable for heavy penalty.

F.No. 2/1/2011 CL.V

J. N. Tikku

Joint Director

Copy to

I. ICAI/ICWAI/ICSI/All Chamber of Commerce with a request to give wide publicity to their members.

2. DIN Cell to issue message through e-mail and SMS to all existing DIN holders who have not furnished their PAN earlier at the time of obtaining DIN, are required to furnish their PAN by filing DIN-4 e-form by 30^th September, 2011 to avoid penal action.