CASE STUDY- CS STUDENT - PART 2
Ques. A foreign national was intended to be appointed on the board of MNC in India. He contends that DIN is not required for him since he is a foreign national. Whether his contend is valid?
Ans. 1. Any person who wishes to be appointed as a director of a company in India even through it is a MNC has to obtained DIN.
2. For obtaining DIN, an application in form DIR-3 is required to be made to the central Government. Verification of such DIN in the form DIR-4 also needs to be done and its need to be digitally signed by a CA/CS/CMA or managing director or director of company in which he is proposed to be director.
3. On the receipts of said application. Central Government first generate a provisional DIN and if approved. the same DIN become the final DIN.
4.Hence the contention of foreign national is invalid.