Surrender of DIN
Surrender of DIN in India: Get Complete Assistance from My Biz Development
My Biz Development provides assistance to business organizations and companies to complete legal formalities without any hassle. If you are looking to get legal assistance with Surrender of DIN in India, our experts are just a phone call away.
Whether you’re a director wishing to surrender your Director Identification Number (DIN) or need assistance with the required documentation and procedures, we’re here to guide you through every step with ease and efficiency.
What is the Surrender of DIN?
The Surrender of DIN in India refers to the formal process through which a director voluntarily surrenders their Director Identification Number (DIN) to the Ministry of Corporate Affairs (MCA). This process may be required in cases where a director no longer wishes to be associated with a company, or when a DIN was obtained under incorrect or invalid circumstances.
DIN is a unique number assigned to individuals who are or intend to become directors of a company. Once the DIN is surrendered, it becomes inactive and cannot be used again.
Procedure for Surrender of DIN
The Procedure for Surrender of DIN involves a few key steps to ensure that the process is done legally and efficiently.
Check Eligibility:
The director must ensure that their DIN is no longer in use. If the individual is a director in any active company, they must first resign from all directorial positions before proceeding with the surrender.
Prepare Board Resolution for Surrender of DIN:
A Board Resolution for Surrender of DIN is required from the company where the individual was serving as a director.
Fill Form DIR-5:
To initiate the surrender process, Form DIR-5 needs to be filled out.
Submit Documents:
Along with Form DIR-5, the director must submit various supporting documents, including a self-attested copy of the resignation letter (if applicable), the Board Resolution, and proof of identity.
File with the MCA:
Once the form and documents are prepared, they must be filed with the Ministry of Corporate Affairs (MCA) for approval.
DIN Cancellation Confirmation:
After the MCA processes your submission, you will receive confirmation of the DIN surrender in India. Upon approval, the DIN will be deactivated and removed from the public records
What is Form DIR-5?
It is an official form used to apply for the surrender of a Director Identification Number (DIN) in India. This form is submitted to the Ministry of Corporate Affairs (MCA) and is an essential document in the Surrender of DIN in India process. The form requires details about the director, including the reasons for surrendering the DIN, the name of the company, and the director’s resignation details, if applicable.
Documents Required for Surrender of DIN in India
When surrendering a DIN, the following documents are typically required:
Board Resolution for Surrender of DIN – A resolution passed by the board of directors of the company, authorizing the director to surrender their DIN.
Form DIR-5 – It must be filed with the MCA for the surrender request.
Proof of Identity – Self-attested copies of identification documents such as an Aadhaar card, passport, or voter ID.
Resignation Letter – If the director is resigning from all companies where they hold directorship, a resignation letter may be required.
No Objection Certificate (NOC) – In certain cases, a No Objection Certificate (NOC) from the concerned company may be needed, particularly if the DIN is tied to an active directorship.
Get Started with the Surrender of DIN Process Today
If you are ready to begin the process of Surrender of DIN in India, or if you need any further clarification regarding Form DIR-5 or the necessary documents required for surrender of DIN, contact My Biz Development today. Our team is here to help you with all your legal and administrative needs. For more information or to schedule a consultation, please reach out to My Biz Development services team today.