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

A Director Identification Number (DIN) is a distinctive identification for directors in Indian companies. It remains valid for the director's entire life and is necessary for all Indian directors, regardless of their nationality. DIN is not obligatory, however, for directors of foreign companies that only have branch offices located in India.