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    Surrender of DIN in Normal Course

    Posted By : SHALU / Published on : 08-Feb-2022 01:33 PM / View : 490 / Comment : 1

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    Dear All,

    One of my client is willing to surrender his DIN as he is resigning from the company and in future also he is not going to be appoint himself in any company.

    As per the rule 11 of Chapter XI- Cancellation or Surrender or Deactivation of DIN clause (a) to (e) does not states anything about normal surrender of DIN.

    Therefore, request you to please guide me how I may proceed further to surrender DIN in normal course under the Companies Act, 2013.

    Even in the prescribed form DIR-5 no option has been given for the normal course of surrender of DIN.

    Early response will be highly appreciated.
    Read more on : course normal surrender

    • Following the applicable rules governing DIN management is crucial when a director is leaving a business and has no plans to be appointed again in order to proceed with the surrender of a Director Identification Number (DIN) under the Companies Act, 2013.
      Directorship Resignation: Make sure the directorship resignation is officially recorded. For the resignation to be recorded in the company's records, Form DIR-12 must be submitted to the Registrar of Companies (RoC). This is an important phase because it creates the foundation for the DIN's submission.

      Form DIR-5 preparation: Form DIR-5 is the required format for DIN cancellation even if it does not expressly offer a choice for a voluntary surrender of DIN in the regular course. The cause for surrender, which may be stated as voluntary due to resignation and future non-appointment, should be carefully filled out on the form.

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      29-10-2024 / 02:11:49 AM
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