Govt deactivates more than 19 lakh Director Identification Numbers

The Corporate Affairs Ministry has deactivated more than 19 lakh Director Identification Numbers (DIN) as the individuals concerned failed to file KYC details under the companies law.

Minister of State for Finance and Corporate Affairs Anurag Thakur said this in a written reply in Rajya Sabha yesterday. Individuals are required to have a DIN issued by the Ministry in order to serve as a board member of a company. Mr



Thakur said, as on 28th of November this year, 19 lakh 40 thousand 313 DINs have been de-activated due to non-filing of Know Your Client (KYC).

In the last two financial years, over four lakh 24 thousand directors were disqualified by the Ministry. During the same period, Registrars of Companies struck-off names of more than 3.38 lakh companies for failing to file annual returns.