It started off as a move to check proliferation of shell companies and keep a tab on unscrupulous elements in the board who misuse the system. The Ministry of Corporate Affairs announced a fresh KYC process in July for verifying credentials of Director Identification Number (DIN) holders.
Sumit Naib, Associate Director shares his views on aforementioned story for Business Standard.
![Fresh KYC norms will help bring in transparency in the boardroom](https://nangia.com/storage/2018/09/fresh-kyc-norms-will-help-bring-in-transparency-in-the-boardroom.png)