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