Pursuant to section 153 of the Companies Act, 2013 and rule 11 of the Companies (Appointment and Qualification of Directors) Rules, 2014
Article explains Why to Surrender DIN, Occasions in Which Surrender of DIN is Required (Reasons of Surrender), Which DIN is to be retained & Surrender, Procedure of Surrender of DIN and Attachments with Form DIR-5 for Surrender of DIN.
A Director shall be in possession of only 1 DIN similar to PAN of any individual. Even if he/she is a director in more than one company, he/she shall have only 1 DIN. If a director uses more than one DIN, it is a prima facie evidence of the violation of the law. More than one DIN may get generated through illicit ways.
The oldest of the all is to be retained by the multiple holder of DIN & the Latest is to be surrender.
The holder of DIN has to file DIR-5 in order to retain only one DIN & additional DINs are to be Surrender by Multiple holder of DIN.