DIN means Directors Identification Number. It is 8 digit number, allotted to every person who desires to be director of the company. Any company whether Private limited or Public company, has directors as key managerial personnel who are responsible for managing and smooth operation of business. With an intention of avoiding confusion, separate DIN numbers are allotted to every individual who wishes to be director of Company. But what happens if you are under obligation to surrender your DIN number?? Yes surrender of DIN may be required to comply as per the provisions of Companies Act, 2013. There are circumstances whereby you may asked either by the department or your own obligation to surrender DIN. Board Resolution for surrender of DIN is required to be passed in the board meeting of the company.
DIN may be surrendered owing to any of the following reasons-
Surrender of DIN is regulated by Section 153 read with rule 11 of The Companies (Appointment and qualification of Directors) Rule, 2014. As per the provisions of se 153, old DIN is required to retain and new DIN is required to be surrendered in case of duplication of DIN.
The procedure for DIN surrender is quite simple. You just need to follow following steps-
CERTIFIED TRUE COPY OF RESOLUTION PASSED IN THE MEETING OF BOARD OF DIRECTORS OF ………………………………………PRIVATE LIMITED HELD AT THE REGISTERED OFFICE OF THE COMPANY AT ………………………………………………………………………………ON THHIS DAY………………………………….. COMMENCED AT 11.00 A.M. AND CONCLUDED AT 12:00 P.M
SURRENDER OF DIN
RESOLVED THAT pursuant to Section 153 read with rule 11 of The Companies (Appointment and qualification of Directors) Rule, 2014 the directors of the company hereby accords consent for surrender of duplicate DIN of Mr/Mrs…………………………………., retain the Old DIN no………………… and Surrender new DIN no ……………………… of the same.
“FURTHER RESOLVED THAT Mr.Mrs,……………………….. director of the company is hereby authorized to sign and execute necessary documents to give effect to the above resolution.”
CERTIFIED TRUE COPY
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
…………………………………… PRIVATE LIMITED
……………………. …………………………
Director Director
DIN:…………….. DIN:…………………
Date:
Place: