The Ministry of Corporate Affairs through a clarification on the Allotment of Director’s Identification Number (DIN) under Companies Act, 1956 has extended the time for filing DIN-4 by DIN holders for furnishing the PAN and to update PAN details upto 15.12.2011.
It amends a General Circular issued by the ministry on May 31, 2011 that said with effect from June 12, 2011, all DIN-1 & DIN-4 applications were to be digitally signed by the practicing Chartered Accountants, Company Secretaries or Cost Accountants who shall also verify the particulars of the applicant given in the applications. All these applications will be approved online.
Since by that time, the PAN of the applicant was not a mandatory field in DIN e-form.Hence in order to examine DIN e-forms through the system and to avoid duplicate DIN, it was decided that all existing DIN holders who have not furnished their PAN earlier at the time of obtaining DIN, are required to furnish their PAN by filing DIN-4 e-form by Spet. 30, 2011 failing which their DIN will be disabled and they shall also be liable for heavy penalty.