Legal Question in Business Law in India

Sir, what is the legal position of a person who has got the DIN but has not yet signed on Company's MOA? What is his position with respect to the assets and liabilities of the Company? What are the formalities for resignation in such case?


Asked on 10/14/09, 8:02 am

1 Answer from Attorneys
Vivek Mapara Vivek N. Mapara

DIN is an unique identification number alloted to a person who is or who intends to be the director of any company. Mere havign DIN does not designate any person as a director of the company. So to be liabile for any assets or liabilities of the company, you have to be specifically appionted as a director of the Company, unless you are on record of the company as director, you cannot be made liable for any assets or liabilities of company.

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Answered on 10/14/09, 1:24 pm


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