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Directors Kyc

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Directors Kyc

According to a Ministry of Corporate Affairs release, everyone who received a "Director Identification Number (DIN/DPIN)" on or before March 31, 2018, and whose DIN status is "Approved," must fill eForm DIR-3 KYC on or by October 5, 2018, to update their KYC details on the MCA portal. This procedure is also required for directors who have been disqualified. From the Financial Year 2019-20 onwards, any director who was assigned a DIN on or before the end of the financial year and whose DIN status is 'Approved' will be required to fill eForm DIR-3 KYC by September 30th of the next financial year.

Requirements for eForm DIR-3 KYC

  • Certification & declaration by a practicing professional like Chartered Accountant,
  • DIN holder and a practicing professional (CA /CS / CMA)
  • email address and phone number of director
  • Digital Signature of the director

Documents Required

  • Mobile No. & E-mail Id
  • Photograph
  • Self-attested copy of Aadhar Card; or Voter’s ID Card; or Driving Licence
  • Self-attested copy of PAN Card to be provided
  • Digital Signature Certificate
  • Other Details (Details of Citizenship, Nationality and Residential Status to be provided)

Procedure

  • The first and most important step is to obtain a copy of the DIR-3 KYC form from the MCA’s website.
  • Fill in the DIN details
  • Fill out the DIR- 3 KYC Form with the required information
  • PAN verification
  • Update contact details and verify OTP
  • Authentication of e-Form
  • SRN Generation
  • Email communication

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FAQ

Who is required to file DIR-3 KYC form?

Every Director who was assigned a DIN on or before the fiscal year's end and whose DIN status is "Approved" must file form DIR-3 KYC by September 30th of the following fiscal year

Is multiple filing of DIR-3 KYC allowed?

The system will not allow an applicant to file multiple DIR-3 KYC forms. If a DIN's KYC has previously been filed and that DIN is input again, the system returns an error stating that the form has already been filed.

What is the penalty for non-filing of eForm DIR-3 KYC?

DIN will be listed as 'Deactivated owing to non-filing of DIR-3 KYC' and will stay in that state until KYC is completed at a cost of Rs 5,000.

What is the end date of filing Form DIR-3 KYC?

Individuals who have a DIN on March 31st must file the form on or before September 30th. Individuals who obtained a DIN after March 31st must file Form DIR-3 KYC by September 30th of the following year.

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