Director Identification Number (DIN) and KYC Compliance: Reapplying for a DIN After Deactivation

Understanding the Director Identification Number (DIN) and its Know Your Customer (KYC) submission requirements is crucial for directors looking to remain compliant and eligible for various roles within Indian companies. This article covers the scenario where a director's DIN is deactivated due to non-submission of KYC documents and the steps to reapply for a new DIN.

Understanding the Scenario: Deactivated DIN Due to Non-Submission of KYC Documents

If a company director's Director Identification Number (DIN) is deactivated due to the non-submission of Know Your Customer (KYC) documents, the director still has the option to reapply for a new DIN. However, it is essential to address the underlying issues that led to the deactivation to ensure a smooth reapplication process.

Key Points: The director must resolve the KYC issues and, if possible, reactivate their existing DIN. If reactivation is not feasible, a new DIN can be applied for. Compliance requirements must be met to avoid future deactivation. Consulting a legal or compliance expert is advisable for effective navigation of the process.

Steps Involved in Reapplying for a New DIN

Resolve KYC Issues:

The director should submit the necessary KYC documents to reactivate their existing DIN, if possible.

Apply for a New DIN:

If reactivation is not feasible, the director can apply for a new DIN through the Ministry of Corporate Affairs (MCA) online portal.

Fill out the DIN application form (Form DIR-3). Provide the required identification and address proof documents. Ensure Compliance:

The director should ensure all compliance requirements are met to avoid future deactivation.

Additional Considerations

Activating Your DIN: Completing the Director KYC process is necessary to activate your DIN. This activation process must be completed to ensure your eligibility for becoming a director in any company.

Eligibility and Provisions

Eligibility: You can still become a director in a new company after reviving your DIN, provided you comply with the penalty of Rs 5000. It is advisable to revive the strike-off company if it is currently operational to avoid disqualification of your DIN.

Prohibition: No individual who has already been allotted a Director Identification Number under the Companies Act should apply for or possess another Director Identification Number. The director cannot obtain additional DINs, as it is prohibited by law.

For detailed guidance and specific circumstances, consulting with a legal or compliance expert is highly recommended. This advice ensures a comprehensive understanding of the DIN process and its KYC compliance requirements.