Annual DIN KYC

Directors of each new, as well as established venture, are essential to file an application for the DIN number. This is an explicit identification number assigned to those interested in being a new director or anyone already there having validation for the lifetime.

Every DIN holder is essential to file DIR 3 KYC in each year.

Anyone with DIN by 31st March of financial year is essential to submit his KYC on or prior to 30th April of the very next financial year.

From financial year 2019-2020, every director with DIN on or prior to the end of the financial year, and those with approved DIN status is essential to file DIR-3 KYC prior 30th April of the very next financial year.

This makes DIR 3 KYC form to be filled by 30th April 2020.

In those occasions when a director who should file DIR 3 KYC e-Form or DIR 3 KYC web fails to do so prior to or on the assigned date over MCA 21 portal, such directors are marked as ‘Deactivated due to Non-filing of DIR-3 KYC’ by the department and are bound to pay the penalty amount of INR 5,000/10,000, upon filing post assigned date. 

MCA has come up with a Companies Fresh Start Scheme, 2020, as per which, the DIN holders failing to file the E-Form DIR 3 KYC or DIR 3 KYC web in any of earlier year, and those with ‘Deactivated’ status may go for filing DIR-3KYC/DIR-3KYC-Web/ACTIVE as the case may be between 1st April 2020 to 30th September 2020, minus any filing fee of INR 5000/INR 10000 respectively. It thus is a great opportunity of avoiding penalties.

It is always suggested to go with experts with higher-level CA, CS, qualification, or lawyers and business professionals with adequate experience, about activating the disqualified DIN/DIR 3 KYC form Filing or regarding fresh DIN application. In concurrence, they handle services related to PAN/TAN, DIN/GST registration, registration of Trademark, GST/Income tax return filing, etc., as well.