The Corporate Identity Number (CIN) or Director Identification Number (DIN) of a company, extracted from the Ministry of Corporate Affairs (MCA) data, is vital for unique company identification, adhering to legal and regulatory requirements. Financial institutions utilize CIN for due diligence in loan disbursements and financial transactions, while legal professionals rely on it for verifying corporate identities in legal documentation. CIN plays a crucial role in investment and stock markets, aiding investors and regulatory bodies in tracking and identifying listed companies.
From a process standpoint, CIN is assigned during company registration, serving as a unique identifier. DIN is mandatory for identifying and tracking the activities of company directors. Both CIN and DIN are extensively used in financial transactions, compliance, reporting, and are mandatory during mergers, acquisitions, and stock market transactions.