What is DIR-3 KYC? Form Filing, Document Required

What is DIR-3 KYC? Form Filing, Document Required

What is DIR-3 KYC?What is DIR-3 KYC

Any person wanting to be a director or an existing director of a company has a unique identification number (DIN). which is obtained by e form DIR-3. This is a one-time process for any person who wants to be a director in one or more companies. However, now the Ministry of corporate affairs (MCA) comes up with the new form and making it mandatory for all the directors with a DIN to submit their KYC details annually in e form DIR-3 KYC.

As per MCA’s recent announcement any director who was allotted a DIN by or before 31-03-2018 and whose DIN is in approved status will have to submit his KYC details to the MCA. Further, this procedure is mandatory for the disqualified directors too.

From the FY 19-20 onwards it is mandatory for every director who has been allotted a DIN on or before the end of the financial year and whose DIN is in approved status will have to file form DIR-3 KYC before 30th September of the immediately next financial year.

For example, for the FY 20-21 the directors having DIN or Director Partner Identification Number (DPIN) and the directors allotted with a DIN/DPIN by 31-03-2021 need to file e form DIR-3 KYC before 30th September 2021.

What if any director failed to file the form?

In case any director who is supposed to file the e-form does not file it by 30th September on the MCA portal then the department will mark the DIN of such director as ‘Deactivated’ due to non-filling of DIR-3 KYC if the director wishes to re-active his DIN in future by filling the missed out eForm DIR-3 KYC he can do so after paying late fee Rs 5000.

This fee would be payable on or after 30th September of the year in which the eform DIR-3 KYC is to be filed. This form needs to be filed annually by the directors.

The director must provide his DIN in the KYC form the status of which is approved directors whose DIN has been deactivated due to non-filling of the KYC can fill the form even after the due date after paying late filing fees.

Documents Required for DIR-3 KYC

1. Pan Card

2. Aadhar Card

3. Residential Address

4. Voter Identity Card

5. Passport

6. Mobile Number and Email Address

7. Attestation of the document mention above from practising professional such as CA, CS or CMA. In case of foreign nationals document need to attested by the prescribed authority.

8. A declaration has to be provided by the applicant duly attested by practising professional

Enter all relevant details in form and attached the following documents.

Document to be attached

1. Proof of address

2. Copy of Aadhar card

3. Copy of Pan Card

4. Copy of Passport

5. Conditional Attachments

6. others

Once all documents are attached then digitally signed the document and make sure the e-form is digitally signed by a practicing chartered accountant or company secretary also. It is also important to enter the details of the same.

Once form is digitaly signed by both Director and CA/CS/CMA then upload the form on MCA portal on the successful submission of the e form DIR-3 KYC an SRN will be generated for the user this SRN will be future correspondence with the MCA.

An email with the approval of the receipt of the form will be sent to the personal email id of the director. Once the email of approval is received filling of e form DIR -3 KYC is complete.

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