Saturday, 3 September 2011

Govt integrates DIN & DPIN.


In a move to avoid duplicity and simplify the process for stakeholders the Ministry of Corporate Affairs has decided to issue only one Director Identification Number (DIN) in place of existing provision of having two separate identification numbers for individual (as DIN) to an individual for becoming a director of a company and DPIN for a designated partner in a Limited Liability Partnership.
 

According to notification issued by Ministry dated July 5, 2011, it has integrated the Director’s Identification Number (DIN) with Designated Partnership Identification Number (DPIN). The new rule has been made effective from July 9, 2011. From now onward the Ministry will issues only one identification for both the purpose.

With the notification coming into effect, no fresh DPIN will be issued. Any person willing to become a designated partner in a Limited Liability Partnership has to obtain DIN by filing e-form DIN-1.

Ministry said that if a person has been allotted DIN, it shall also be used as DPIN for all purposes and if a person has been allotted DPIN it will also be used as DIN for all the purposes.

In case if a person has been allotted both DIN and DPIN, his DPIN will stand canceled and his DIN will be used as DIN as well as DPIN for all purposes.

In another development, MCA has made has made Income Tax Permanent Account Number (PAN) mandatory for obtaining DIN for Indian nationals from May 31, 2011. All existing DIN holders, who have not furnished their PAN so far, will have to furnish their PAN details to the Ministry by September 31, 2011. 

No comments:

Post a Comment