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When should a person proposed to be appointed as a director furnish their Director Identification Number (DIN)?
- a)Before the appointment by the company in general meeting
- b)After the appointment by the company in general meeting
- c)Within 30 days of appointment as director
- d)At the next annual general meeting
Correct answer is option 'A'. Can you explain this answer?
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When should a person proposed to be appointed as a director furnish th...
As per Section 152(4) of the Companies Act, 2013, a person proposed to be appointed as a director should furnish their Director Identification Number (DIN) before the appointment by the company in general meeting.
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When should a person proposed to be appointed as a director furnish th...
When Should a Person Proposed to be Appointed as a Director Furnish their Director Identification Number (DIN)?
Answer:
Before the appointment by the company in general meeting
- A person proposed to be appointed as a director should furnish their Director Identification Number (DIN) before the appointment by the company in a general meeting.
- This is a crucial step in the process of appointing a new director to ensure compliance with the legal requirements.
- The DIN is a unique identification number assigned to individuals who wish to become directors of companies in India.
- By providing their DIN before the appointment, the individual confirms their eligibility and compliance with the regulations governing directorships.
- This helps the company and its stakeholders to have confidence in the individual's credentials and qualifications for the position.
Importance of Furnishing DIN before Appointment
- Furnishing the DIN before the appointment allows for a smooth transition and legal compliance in the director appointment process.
- It enables the company to verify the authenticity and legitimacy of the proposed director's identity and qualifications.
- Delay in providing the DIN can lead to complications in the appointment process and may result in non-compliance with legal requirements.
- By ensuring that the DIN is furnished before the appointment, the company can proceed with the necessary formalities and paperwork seamlessly.
Conclusion
Providing the Director Identification Number (DIN) before the appointment by the company in a general meeting is essential to ensure compliance with legal requirements and to facilitate a smooth transition in the director appointment process. It is a crucial step that helps verify the eligibility and credentials of the proposed director, instilling confidence in stakeholders and ensuring proper governance within the company.
Answer:
Before the appointment by the company in general meeting
- A person proposed to be appointed as a director should furnish their Director Identification Number (DIN) before the appointment by the company in a general meeting.
- This is a crucial step in the process of appointing a new director to ensure compliance with the legal requirements.
- The DIN is a unique identification number assigned to individuals who wish to become directors of companies in India.
- By providing their DIN before the appointment, the individual confirms their eligibility and compliance with the regulations governing directorships.
- This helps the company and its stakeholders to have confidence in the individual's credentials and qualifications for the position.
Importance of Furnishing DIN before Appointment
- Furnishing the DIN before the appointment allows for a smooth transition and legal compliance in the director appointment process.
- It enables the company to verify the authenticity and legitimacy of the proposed director's identity and qualifications.
- Delay in providing the DIN can lead to complications in the appointment process and may result in non-compliance with legal requirements.
- By ensuring that the DIN is furnished before the appointment, the company can proceed with the necessary formalities and paperwork seamlessly.
Conclusion
Providing the Director Identification Number (DIN) before the appointment by the company in a general meeting is essential to ensure compliance with legal requirements and to facilitate a smooth transition in the director appointment process. It is a crucial step that helps verify the eligibility and credentials of the proposed director, instilling confidence in stakeholders and ensuring proper governance within the company.
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When should a person proposed to be appointed as a director furnish their Director Identification Number (DIN)?a)Before the appointment by the company in general meetingb)After the appointment by the company in general meetingc)Within 30 days of appointment as directord)At the next annual general meetingCorrect answer is option 'A'. Can you explain this answer?
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When should a person proposed to be appointed as a director furnish their Director Identification Number (DIN)?a)Before the appointment by the company in general meetingb)After the appointment by the company in general meetingc)Within 30 days of appointment as directord)At the next annual general meetingCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about When should a person proposed to be appointed as a director furnish their Director Identification Number (DIN)?a)Before the appointment by the company in general meetingb)After the appointment by the company in general meetingc)Within 30 days of appointment as directord)At the next annual general meetingCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When should a person proposed to be appointed as a director furnish their Director Identification Number (DIN)?a)Before the appointment by the company in general meetingb)After the appointment by the company in general meetingc)Within 30 days of appointment as directord)At the next annual general meetingCorrect answer is option 'A'. Can you explain this answer?.
When should a person proposed to be appointed as a director furnish their Director Identification Number (DIN)?a)Before the appointment by the company in general meetingb)After the appointment by the company in general meetingc)Within 30 days of appointment as directord)At the next annual general meetingCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about When should a person proposed to be appointed as a director furnish their Director Identification Number (DIN)?a)Before the appointment by the company in general meetingb)After the appointment by the company in general meetingc)Within 30 days of appointment as directord)At the next annual general meetingCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When should a person proposed to be appointed as a director furnish their Director Identification Number (DIN)?a)Before the appointment by the company in general meetingb)After the appointment by the company in general meetingc)Within 30 days of appointment as directord)At the next annual general meetingCorrect answer is option 'A'. Can you explain this answer?.
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