Learn all about DPIN in Company Law for the Indian audience: its significance, procedure to obtain it, eligibility, changes, and more. Read more.
This article will discuss what is DPIN in company law and its significance. Additionally, it will delve into the process of obtaining DPIN, who needs to obtain it, whether LLP requires DPIN, how changes to DPIN can be made, and whether it is possible to apply for DPIN through FiLLiP.
Significance of DPIN
A Designated Partner identifying Number (DPIN) is a special identifying number given to anyone who are named as Designated Partners in a Limited Liability Partnership. (LLP). It is a ten-digit number that serves as identification documentation and aids in establishing a Designated Partner’s legal status. When someone is chosen to be a Designated Partner of an LLP, their identification must be verified using their DPIN.
DPIN is important for ensuring the veracity and openness of the company’s records, which is another important aspect. The Ministry of Corporate Affairs (MCA) is in charge of maintaining the DPIN database, which makes sure no two people have the same DPIN.
Additionally, it ensures that no DPINs are assigned to those expelled from the ranks of director or partner in any organisation. In addition to ensuring that only eligible people become Designated Partners in an LLP, this helps to prevent fraudulent actions.
Process of Obtaining DPIN
Getting a DPIN is an easy process that may be completed online. The candidate must go to the MCA website and take the actions listed below:
The steps listed below can be used to change DPIN:
Step 1: Go to the MCA website and then log in to the MCA portal.
Step 2: Choose the ‘Change DPIN’ tab on the homepage.
Step 3: Now, fill the required fields and then attach the required files.
Step 4: Submit the application form together with the necessary funds.
Step 5: Now, the MCA will process the application and once submitted, then they will issue the applicant a new DPIN.
Who Needs to Obtain DPIN in company law?
Any individuals named as Designated Partners in an LLP are required to acquire a DPIN. The LLP’s management and operation fall under the purview of the Designated Partners. As a result, it’s crucial to confirm that the Designated Partners are certified and possess a DPIN.
Additionally, a DIN is required for everyone who wants to serve as a director of a firm. The DIN serves as a director’s identity document and is comparable to a DPIN. It aids in ensuring that only qualified people serve as a company’s directors.
Does LLP require DPIN?
An LLP needs a DPIN. An LLP’s management and operations are under the control of its Designated Partners. Determining that the Designated Partners are certified and possess a DPIN is crucial, similar to the requirements for LLP company registration.
How to Change your DPIN?
The steps listed below can be used to change your DPIN:
Step 1: The applicant must access the MCA portal by going to the MCA website and logging in.
Step 2: The second step is for the applicant to select the ‘Change DPIN’ tab.
Step 3: The applicant must complete the required information and attach the required files.
Step 4: The applicant must submit the application form and any necessary fees.
Step 5: The MCA will process the application and give the applicant a new DPIN after it has been submitted.
Can We Apply for DPIN Through FiLLiP?
It is possible to apply for DPIN in company law through FiLLiP. FiLLiP stands for Form for Incorporation of LLP. It is an online form that can be used to incorporate an LLP. The application for DPIN can be made through FiLLiP by following the steps mentioned below:
Step 1: The applicant must visit the MCA website and log in to the FiLLiP portal.
Step 2: The applicant must fill in the necessary details in the FiLLiP form.
Step 3: The applicant must select the option to apply for DPIN and fill in the necessary details, similar to the process followed in Indian company registration.
Step 4: The applicant must attach the necessary documents and pay the applicable fees.
Step 5: After the application is submitted, the MCA will process the application and assign a DPIN to the applicant.
Conclusion
Each person named as a Designated Partner in an LLP is given a unique identifying number known as a DPIN. It is critical to confirm the identification of a person named as a Designated Partner of an LLP. It supports the preservation of the veracity and openness of the company’s records.
Obtaining a DPIN is a straightforward process that may be completed online. All people named Designated Partners in an LLP are required to get a DPIN. Online DPIN modifications are possible, and FiLLiP applications are accepted for DPIN applications. To ensure the LLP is managed and operated correctly, confirm that the Designated Partners are certified and have a DPIN.
Vakilsearch can assist you with obtaining a DPIN by guiding you through the application process and ensuring that all necessary documents are submitted correctly. We can also help you with other company law compliance issues, such as registering your business, filing annual returns, and maintaining statutory records.
