DIN (Director Identification Number) Application
It is a unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company.
A DIN is necessary because many a times it has been observed that company raises money from investors/public and vanishes away and it becomes difficult to trace the director. The main purpose of introducing DIN was to maintain a complete database of details of the directors so that in case they cheat someone they are easily traceable. DIN not only helps in fixation of the identity of directors but also tracks his participation (past/current) with other companies.
DIN has become mandatory and also a pre-requisite to incorporate a company. Also a person can hold only one DIN irrespective of the number of companies he is managing.