Should I need to get a new DIN for another Company Registration?

Obtaining DIN is mandatory for all the directors of the company. Either an individual is Planning to become a Director for a company or is already a director, they need to obtain a DIN as it is mandatory for all directors. However, there is a confusion which individuals face while applying for more than one company, “If they need to get a new DIN for Another Company Registration or not”. In this blog you’ll get complete insight on Director Identification Number. 

What is DIN? 

DIN or Director Identification Number is a unique 8-digit number allocated by the central government to every director, whether new, would-be, or existing in a Company. Obtaining DIN with MCA is mandatory for all directors of the company. If an individual is a director of a company and wants to become director in another company, then it is compulsory for him to submit his Active DIN for becoming the director of a company officially. 

New DIN for Another Company Registration 

A DIN provides a unique identity to directors and can be used for multiple companies. In simple words if an individual is a director in one Company and wants to become a director in one another company then in that case No New DIN is needed for Company Registration. A DIN is a life long number which can be used by any person for becoming a director in multiple companies. So to avoid the confusion “Should I need to get a new DIN for another Company Registration?” the answer will be “No, you do not need to get a new DIN for another Company Registration”. 

What are the uses of DIN? 

Obtaining DIN can be helpful in multiple ways for the director obtaining it. Following are the major uses of a Director Identification Number: 

• Unique Identity: Director Identification Number is a unique number provided to each director of a company which provides a unique identity.

• Regulatory Compliance: Obtaining DIN helps in determining if all the directors are properly registered and compliant with regulatory requirements or not. 

• Easy Tracking: DIN makes it easy for the government to track directors' relations with companies over time. It directly helps in enhancing transparency and accountability. 

• Prevent Chances of Frauds: DIN helps in reducing the chance of fraud or illegal activities as it does not allow anyone to work as a Fake Director. 

Relevant Forms for DIN Application 

To Obtain DIN for director of a company, multiple forms are available and they are as follow: 

• SPICe Form: In case of a Company Incorporation and for the proposed first director, SPICe+ Form should be used.

• DIR 3 Form: DIR 3 Form is an application used if a new director is appointed in any existing company. 

• DIR 6 Form: DIR 6 Form is used in case of any changes in particulars of the directors of the company. 

• DIR-3 KYC: DIR-3 KYC is one another form through which DIN can be kept activated. Also, DIR-3 KYC Form helps in activating the Deactivated DIN again. 

Conclusion 

DIN or Director Identification Number is a unique identity number provided to all the directors of the company either existing or to be appointed. This DIN helps to stay up to date with all the regulatory requirements. However, there is no need to get a new DIN for another Company Registration. The same DIN of any Director can be used for more than one company. It makes it easy for the directors to apply for more than one company without the stress of managing multiple DIN.

Frequently Asked Questions (FAQs) 

1. Should I need to get a New DIN for Another Company Registration? 

No, there is no need to obtain a New DIN for another Company Registration. Same DIN can be used for multiple Companies. 

2. What are the uses of DIN? 

DIN can be used for multiple purposes including providing unique identity, regulatory compliance, easy tracking, prevention of frauds, etc. 

3. What are the relevant forms for DIN?

There are four major relevant forms for DIN; SPICe Form, DIR 3 form, DIR 6 & DIR-3 KYC form. 

4. Can One DIN be used for multiple Companies? 

Yes, one DIN can be used for multiple companies and there is no need to obtain a new DIN for another company. 

5. How long is the DIN valid? 

There is no expiry date of a DIN, it is valid for the lifetime of the applicant. 

6. Can a Person have two DIN? 

No, a person can not have two DIN. Keeping two DIN considered illegal and a certain penalty will be charged. 

7. Why is DIR-3 KYC used? 

DIR-3 KYC is a form through which DIN can be kept activated. Also, DIR-3 KYC Form helps in activating the Deactivated DIN again.