Procedure For Cancellation or Surrender or Deactivation of DIN

     

Procedure For Cancellation or Surrender or Deactivation of DIN

Rule 11 of the Companies (Appointment and Qualification of Directors) Rules, 2014 provides that the Central Government or Regional Director (Northern Region), Noida or any officer authorised by the Regional Director may, upon being satisfied on verification of particulars or documentary proof attached with the application received from any person, cancel or deactivate the DIN in case -

     (a) the DIN is found to be duplicated in respect of the same person provided the data related to both the DIN shall be merged with the validly retained number;

(b)  the DIN was obtained in a wrongful manner or by fraudulent means provided that an opportunity of being heard shall be given to the concerned individual;

(c)   of the death of the concerned individual;

(d) the concerned individual has been declared as a person of unsound mind by a competent Court;

(e)  If the concerned individual has been adjudicated an insolvent:

(f)   Holder of duplicate DIN shall make an application for surrender with Regional Director,

(1)  The application shall be made in form DIR-5.

(2)  The application  shall  be accompanied   with  a declaration  on  affidavit duly notarized that he has never been appointed as director in any company and the said DIN has never been used for filing of any document with any authority.

(3)  on an application made in Form DIR-5 by the DIN holder, the Regional Director may deactivate such DIN;

Related Post :

Revised Procedure For Obtaining DIN

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