DIR-3 KYC

What is the DIR– 3 KYC Form?

According 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 31^st 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 30^th 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 introduced by the Ministry of Corporate Affairs to perform a KYC (know your customer) verification for Directors of every company. Such filing is compulsory for Directors and must be filed by utilizing a Digital Signature Certificate.

Who requires filing DIR– 3 KYC Form?

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 DIR-3 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 DIR-3 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  DIR-3 KYC has not been filed as 'Deactivated due to non-filing of the DIR-3 KYC.

We at eStartIndia provide meticulous assistance to the clients incorrectly filing the DIR-3 forms as per the rules of the Government of India.

Documents require filing DIR– 3 KYC Form

The list of documents necessary for filling DIR-3 FY 2019-20 to Ministry of Corporate Affairs is; PAN Card, Aadhar Card / Voter ID / Passport / License, Digital Signature Certificate ( DSC ), Personal Mobile No, One Passport size photo and Personal E-Mail address.

Details necessary to file the DIR– 3 KYC Form

To file the DIR-3 eKYC, the details necessary to be filled in the form are  Name (as per PAN database), Father’s Name (as per PAN database), “Date of Birth (DoB)” (as per PAN database), PAN Number (mandatory for citizens of India),Personal Mobile number and Personal Email Address and Permanent/ Present address. If the DIN holder is an inhabitant of India, the address requires being an address within India and mobile number requires being an Indian mobile number. If the DIN holder is non-inhabitant, the foreign address and number are only permitted.

We at eStartIndia will assist our clients regarding all the necessary documents required and the procedure for filing the DIR– 3 Form.

Extension of the last date for filing DIR– 3 KYC Form

The last date for eForm DIR 3 KYC was extended from 30^th April. If the directors fail to update the MCA would automatically deactivate the DIN number. The DIN could be made active after paying the late for the penalty.

Penalty for non-filing DIR– 3 KYC Form

If the Form DIR-3 KYC is filed within the due date of the respective fiscal year, no fine is required to be pay. However, if the Form DIR-3 KYC is filed after the due date then a payment of a late fee of Rs. 5,000 shall be charged from 1^st September 2018 and the DIN status would be deactivated because of the non-filing of the DIR-3 KYC'

Can a candidate file numerous DIR-3 KYC forms?

Also, numerous filing of DIR-3 form 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.

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Author:

eStartIndia Team