Shristi Jain (Practicing Company Secretary LL.B & B.com) (419 Points)
11 August 2015Is it necessary to surrender DIN of Director who is no more?
If yes, than please let me know the procedure of Surrender of DIN.
prakash
(Company Secretary)
(1352 Points)
Replied 11 August 2015
Dear Jain,
It is not mandatory but good practice to surrender the DIN on expiry of person,
Follow procedure stipulated under Rule 11 of the Companies (Appointment and Qualification of Directors) Rules, 2014 for cancellation or surrender or Deactivation of DIN. Requires to file form DIR-5.
CAclubindia
