On resignation of the Director from a company, the DIN obtained does not have to be cancelled. The DIN will remain with the individual only. Only a single DIN is required for an individual irrespective of number of directorships held by him. All the directorships of an individual would be mapped in the database through DIN.

With the introduction of the concept of DIN, the offences committed by the directors will be immediately detected. It would also help in addressing the concerns of companies vanishing after raising funds from the public. Investors will also get the chance to take more informed decision by knowing the top management of the company.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!

order now