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. <br />''<br />''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).<br />''<span style="color: #222222;"><br />''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.</span><br />
News On AIR | December 4, 2019 9:08 AM
Govt deactivates more than 19 lakh Director Identification Numbers