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21 lakh company directors fail to register for eligibility
Less than 12 lakh individuals, or just over 35% of the 33 lakh active directors have complied with the newly-mandated know-your customer or KYC requirement to be eligible for board positions in companies. The ineligible directors again become eligible after they comply with the registration requirement and pay a fee of Rs 5,000. While close to 50 lakh DINs have been issued, only 33 lakh were considered to be active directors.
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