DIR-5
Surrender of DIN
Single DIN never used can be surrender at INR 2,999/- only.
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How to Surrender Director Identification Number
All you need to know
Surrender of Director’s Identification Number becomes very important by those DIN holders who are neither Director in any Company nor Designated Partner in any LLP and also not intending to do so in near future. For surrendering DIN an application shall be made in Form DIR-5 by the DIN holder along with declaration 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. Before deactivation of any DIN in such case, the Government shall verify e-records. Therefore, one can opine that, if a person held directorship in any company during his life using such DIN, that DIN can’t be surrender by filing of E-form DIR-5.
Purpose for Surrender of DIN:
Application for surrender of DIN in E-form DIR-5 can be filed with any reason such as:
- Having multiple DINs
- DIN was obtained in a wrongful manner or by fraudulent means
- Death of the concerned individual
- Concerned individual is declared as a person of unsound mind by a competent court
- Concerned individual has been adjudicated as insolvent
- Concerned individual is/was not associated with any company/LLP
ThinkBiz Filings is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. The Surrender of DIN is easy, seamless, cheapest and quickest with ThinkBiz Filings Apart from Surrender of DIN , ThinkBiz Filings also helps entrepreneurs with Private Limited Company Registration, Public Limited Company Registration, LLP Registration, HUF, One Person Company and all other compliances easily. You may get in touch with our compliance manager on 09704561215 or email info@Thinkbizfiling.com for for free consultation.
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ESSENTIAL
- Surrender of one DIN
Compliance Requirements for a Partnership Firm
Documents Required for Partnership Firms
Compliance Requirements for a Partnership Firm
Our most honorable clients
- DIN (Director Identification Number) is a unique number issued by the Ministry of Corporate Affairs (MCA) to individuals who wish to become directors in a company.
- Yes, a DIN can be surrendered voluntarily if it is not in use or was obtained multiple times by mistake.
- A DIN can be surrendered in the following cases: ✅ The holder has never been appointed as a director in any company. ✅ The DIN was issued multiple times (Duplicate DIN). ✅ The individual is no longer interested in being a director. ✅ The DIN was obtained with incorrect details or fraudulent information.
- Form DIR-5 needs to be filed with the MCA for DIN surrender. Process & Documentation
- The process includes: ✅ Ensure the DIN has never been used for company directorship. ✅ Prepare an affidavit stating the reason for surrender. ✅ Submit Form DIR-5 to the MCA along with required documents. ✅ MCA verifies and processes the request.
- ✅ Affidavit stating the reason for surrender ✅ Self-attested PAN card & Aadhaar card of the applicant ✅ Proof of non-usage of DIN (if applicable) ✅ Board resolution (if applicable) for multiple DINs
- No, currently, no government fee is required for filing Form DIR-5. Legal & Compliance Questions
- The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of the proposed Company. Digital Signature application is to be filed to get a DSC.
- Yes, a Foreign National or an NRI can become a Director of a Private Limited Company in India after obtaining Director Identification Number (DIN). However, it may be noted that at least one Director on the Board of Directors must be a Resident India.
- MCA reviews the application and, if all documents are correct, deactivates the DIN.
- Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215
