• SENSEX
    NIFTY 50
Business

KYC non-compliance: Government starts de-activating identification numbers of 21 lakh directors

Updated : September 17, 2018 08:06 AM IST

The Director Identification Numbers (DINs) -- a unique number allotted to individuals who are eligible to have directorship on the boards of registered companies -- are being de-activated.
They will be re-activated after a fee payment of Rs 5,000 along with the requisite form and the individuals concerned might also face action.
The latest move by the Corporate Affairs Ministry also comes at a time when the government has intensified the crackdown on shell companies, which are suspected to be conduits for illicit fund flows.
KYC non-compliance: Government starts de-activating identification numbers of 21 lakh directors
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV