Director Identification Number (DIN) Surrender
MCA has introduced a new form for DIN Validation, i.e. DIR-3 KYC, which needs to be filed annually by every DIN holder and non-filing or delayed filing, resulting in a Penalty of Rs. 5000. In view of this surrender of DIN become very important by those DIN holders who are neither Director in any Company nor Designated Partner in any LLP and do not intend to do so shortly. Further, it is also essential to Surrender Duplicate or additional DIN, if any.
If you are no longer using your DIN for any purpose and neither willing to do so, surrender it with our help.
It Usually takes 1 to 2 working days (depends on MCA approval)
Filing of DIR-5 Form and Cancellation of DIN
Every Person who isn't using or intend to use their DIN
- Purchase the plan
- Upload documents on vault
- CA fills up the form
- Verifying your KYC documents
- Submission of Form DIR-5
- DIN Surrendered
All About Surrendering your DIN
DIN or Director Identification Number is required for any person who is a director or partner of a company or LLP registered in India. Hence, after obtaining a digital signature for the proposed director or partner during company registration or LLP registration, DIN is obtained. However, in some cases, DIN is wrongly obtained for a person already having a DIN. In this article, we look at the procedure for the surrender of DIN in such cases.
Surrender of DIN
DIN requires a PAN or Passport number of the applicant and each person is allowed to obtain one DIN as per rules and regulations. Hence, prior to applying for a DIN, the applicant needs to verify if he/she has been allotted a DIN by verifying the DIN database. Know how to search for DIN.
During the DIN registration process, a procedure has been put in place by the Government to prevent duplicate DIN generation by verifying against the PAN database. However, in rare cases, it may generate a duplicate DIN inadvertently. For such cases, the Government has recently introduced Form DIR-5 for the surrender of DIN.
Procedure for Filing Form DIR-5
Any person wishing to surrender a DIN can file Form DIR-5 with the MCA. In Form DIR-5, an applicant must provide the following information:
- Any DIN Number held by the applicant
- Reason for the surrender of DIN
- Whether the DIN holder is retaining any DIN
- Number of DIN(s) being surrendered by the applicant
- DIN Number to be surrendered
- Digital signature of the person surrendering the DIN.
- In the following cases, another related person can also sign Form DIR-5:
- Form DIR-5 can also be filed or digitally signed by a person's relation if the DIN holder has passed away or has been declared as a person of unsound mind by a competent court or the person has been adjudicated as insolvent.
Documents Required for Surrender of DIN
The applicant must file the following documents along with Form DIR-5 for the surrender of DIN.
Proof of Identity
Applicants must submit identity proofs like Voters Identity Card/ Passport/ Driving License/ Aadhaar Card/ PAN Card.
Proof of Address
Address proofs like passport, election (voter identity) card, ration card, driving license, electricity bill, telephone bill, or aadhaar card in the applicant's name.
- In the case of an Indian applicant, documents should not be older than two months from the date of filing of the eForm.
- In the case of a foreign applicant, address proof should not be older than one month from the date of filing of the eForm.
If a DIN is surrendered because a person is declared insolvent or unsound, then the court order must be attached. In case of surrender of DIN due to the death of the person, then a copy of the death certificate must be attached.
In case of proofs that are in languages other than Hindi / English, the proofs should be translated in Hindi / English from a professional translator carrying his details (name, signature, address) and seal. In the case of foreign nationals, translation done by the notary of the home country is also acceptable.