Question

Out of the following statements, which one is incorrect as regards the Director Identification Number (DIN)?

• A. DIN is a unique identification number and once obtained is valid throughout the lifetime of a director.
• B. DIN is mandatory for all directors of Indian companies whether they are citizens of India or not.
• C. DIN is mandatory for directors of foreign companies having branch offices in India
• D. A single DIN is required for an individual irrespective of the number of directorships held by him.

Hint:

Always verify the applicability of DIN to ensure compliance with company regu lations.

Answer 1

The Correct Option is C

DIN is a unique identification number for directors of Indian companies. It is valid for the director’s lifetime and is required for all Indian directors irrespective of their citizenship. However, DIN is not mandatory for directors of foreign companies with only branch offices in India.