Director KYC DIR-3 KYC
In the backdrop of new MCA guidelines, it is now mandatory to conduct KYC in respect of each person who holds Director Identification Number DIN). For Financial year 2019-20 on wards – Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is ‘Approved’ including disqualified directors, would mandatorily be required to file form DIR-3 KYC before 30th April of the immediately next financial year. If there would be delay in the filings of DIR3 KYC form, then you will be liable for penalties as per the MCA norms.
Additionally, DIR-3-KYC-WEB is to be used by the DIN holder who has submitted DIR-3 KYC eform in the previous financial year and no update is required in his details.
Do not wait till the last moment! Act now. Stay compliant and avoid disqualification and penalties by filing in time
ccording to rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014, “each person who was given a Director Identification Number (DIN) as on 31st March of fiscal years in accordance with these rules would submit an e-form DIR-3-KYC towards the Central Government at on or before 30th April of the immediate next fiscal year.
DIR– 3 Form was in the past utilized so as to obtain a Director Identification Number. As the new organization incorporation regulations are presented, DIN is automatically issued under the SPICe Form. DIR-3 eKYC is presented by the Ministry of Corporate Affairs to perform a KYC (know your customer) check for Directors of every company. Such filing is compulsory for Directors and must be filed by utilizing a Digital Signature Certificate.
For the fiscal year 2018-19, any individual who has been given Director Identification Number (DIN/DPIN) on or before 31st March 2018, as well as the status of such DIN, is Approved’, requires to file the form Director KYC towards updating the details of the KYC in the system on or before 15th September 2018.
For the fiscal year 2019-20 onwards, each Director who was given DIN on or before the closure of the fiscal years as well as whose DIN status is Approved’, is required to be obligatorily in order to file the form Director KYC before 30th April of the immediately next fiscal year.
After the expiry of the particular due dates, the system would mark every of the non-compliant DIN’s against which the form of Director KYC has not been filed as ‘Deactivated due to non- filing of the Director KYC.
Documents Required for Filing DIRECTOR KYC
Aadhar Card/Voter Id Card/ Passport/ Driving License.
Digital Signature Certificate (DSC).
Personal Mobile Number.
One Passport Size Photograph.
Personal email address.
Details Necessary For DIRECTOR KYC
Name (as per PAN database).
Father’s Name (as per PAN database).
Date of Birth (as per PAN database).
PAN Number (mandatory for citizens of India).
Personal Mobile number.
Personal Email Address.
Permanent/ Present address.
If the DIN holder is an inhabitant of India, the address requires to be an address within India and the mobile number requires to be an Indian mobile number. If the DIN holder
Consequences of non-filing DIR-3 KYC form
If the Form Director KYC is filed within the due date of the respective fiscal year, no fine is required to be pay. However, if the Form Director KYC is filed after the due date then a payment of a late fee of Rs. 5,000 shall be charged from 1st September 2018 and the DIN status would be deactivated because of the non-filing of the Director KYC.
Also, numerous filing of form Director KYC for a candidate isn’t permitted. When a KYC is already filed for a DIN and that DIN has entered into the system again, the system will show an error that the form already has been filed.