"With a view to checking the problem of dummy directors, action is underway to seed DIN with PAN and Aadhaar at the stage of DIN application through biometric matching for new applications. The same may be extended to legacy data in due course," the release said. Director Identification Number (DIN) is a unique number assigned to an individual under the Companies Act that allows him or her to serve as a director on the board of a company. "A high level committee has been constituted for suggesting revamp of the disciplinary systems for chartered accountants, company secretaries and cost accountants. The task force has met five times so far, the release said.

Source: Times of India November 05, 2017 11:56 UTC