DIN Compliance - Almost 21 lakh directors fail to submit the requisite details when the deadline set by the Corporate Affairs Ministry ends on September 15.
The ministry has already started de-activating the Director Identification Numbers (DINs) of individuals who did not submit the KYC (Know Your Customer) details. DIN is a unique number allotted to individuals who are eligible to have directorship on the boards of registered companies.
Directors can comply with KYC requirements by paying a reduced fee of Rs 500 for 15 days starting from September 21
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