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DIR-3 KYC- KYC Application for Director

As per recent amendment made by MCA that last date of DIN KYC has been extended from 30th Sep 2020 to 31st Dec 2020.

Director Identification Number (DIN) is a specific Identification Number allotted to an individual who wants to be a director of an organization. In this advanced digital era, individuals can apply for the DIR-3 online. The online application via eForm helps them to obtain DIN.

Earlier, this was a one-time procedure for those individuals who want to be a director of an organization. But as per the latestDIR-3 KYC Notification,the directors holding a DIN have to file their KYC details every year. The individuals who are directors of an organization have to submit their KYC in an eForm known asDIR-3 KYC.

Individuals who need to file the DIR-3 KYC eForm


As per MCAs recent update, any of the directors of an organization allotted with a DIN by 31st March 2018 have t submit their KYC details annually. Even the directors who DIN status is approved also must submit their KYC by filing the DIR-3 form. Further, this is a mandatory procedure for all the disqualified directors as well.

Must-have requirements for filing DIR-3 KYC eForm


If you want to file the eForm for DIR-3 KYC, you must meet the following conditions:
1- Every director who wants to file DIR-3 KYC online has to provide their unique personal mobile number along with their email address. These contact details will further be verified by an OTP.
2- All the directors have to provide their own digital signature.
3- Directors filing the eForm must ensure that all the data provided in the eForm is certified by a practicing chartered accountant.


Consequences for not filing DIR-3 KYC within the due dates


All directors who fail to file the e-form for the KYC within the due dates have to face some consequences. As per the MCA, all the directors who fail to file the DIR-3 KYC form will be marked as deactivated. The DIN of such directors would no more be active. In such cases, the directors can revive their DIN by filing the missed out DIR-3 KYC form. But if you miss the due dates, you will also have to pay a late filing fee of INR 5,000. Thus, all the directors must file their eForm before theDIR-3 KYC-Web due date 2020.


Latest updates as on 31st March 2020


TheDIR-3 KYC last date, 2020, has been extended up to 30th September. All the DIN holders who are tagged as deactivated can now file their DIR-3 KYC without paying the late fine of INR 5,000.


Annexure required for filing DIR-3 KYC


The directors who want to file the mandatory KYC for the financial year need to submit the following documents.
1- Details about nationality
2- Document showing details about gender, date of birth, etc
3- Permanent Account Number (PAN)
4- Passport (Mandatory if the director is of foreign nationality)
5- Driving license of the director
6- Aadhar Card of the director
7- Personal Mobile Number
8- Email ID
9- Proof of resident that may include consumer bills
10- Voter ID card

Besides the above documents, there are few more things that a director must provide. It includes:
1- A digital signature of the director
2- Attestation of the CA, CS/Cost accountant showing that the provided document is accurate and complete
3- Attestation by a prescribed person, if the director is a foreign national
4- A declaration by the applicant that shows all the documents are certified by practicing CA/CS/Cost Account


Applicable Fees for filing DIR-3 KYC


If DIN is granted on or before 31st March 2018 and has been deactivated for non-filing of the DIR-3KYC form, directors can file it again by paying a late fee of INR 5,000.

Disclaimer:
Important: Please note that the information on this page / site is provided as general information for better understanding for the user and does not constitute tax, legal, or other professional advice and must not be used as such. Please consult your professional adviser(s) if you have any questions / doubts regarding the above.

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