Big relief for 21 lakh Directors with deactivated DINs; Rs 5000 penalty cut to just Rs 500
The directors whose Director Identification Numbers (DINs) were deactivated following non-filing of new know-your-customer norms can get them reactivated by giving KYC details with a late fee of Rs 500. They can file the e-form till October 5, said government sources.
The e-KYC rule is also applicable to those directors who have been disqualified by the government in the past for flouting norms. Image Source: PTI