Monday, 19 March 2018

TO PREVENT LOAN DEFAULTERS LEAVING THE COUNTRY, CORPORATE AFFAIRS MINISTRY MULLS PROPOSAL TO COLLECT PASSPORT DETAILS OF DIRECTORS

The Corporate Affairs Ministry is looking at a proposal to seek passport details of all individuals, who have been permitted to serve as directors on the board of companies. This move is to be taken to prevent loan defaulters like Nirav Modi and Mehul Choksi leaving the country. Sources said that prospective Director Identification Number (DIN) seekers will have to submit passport details for obtaining the 8-digit unique ID provided by the ministry.


DECCAN CHRONICLE NEWSPAPER


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