Online Director KYC Application
Director Identification Number is referred to as DIN. It is a special identifying number given to someone who wishes to serve as or already holds a directorship in a corporation. Every year, all directors with a DIN that is still active or has expired must submit their KYC information using eForm DIR-3 KYC on the MCA portal.
- Who must submit a DIR-3 KYC Form?
- Conditions for submitting an eForm DIR-3 KYC
- Records needed to submit a DIR-3 KYC
- Consequences of not submitting the form DIR-3 KYC
- Frequently Asked Questions
Who must submit a DIR-3 KYC Form?
According to a Ministry of Corporate Affairs announcement, by no later than March 31, 2018, if an individual has been assigned a “Director Identification Number (DIN/DPIN)” and that DIN’s status is “Approved,” they must file eForm DIR-3 KYC to update their KYC information on the MCA portal by October 5, 2018. Directors who have been disqualified must also go through this process.
As of the Financial Year 2019–20, all directors who have been assigned a DIN by the end of the fiscal year and whose DIN status is ‘Approved’ are required to file an eForm DIR-3 KYC by September 30 of the next fiscal year.
For the 2020–21 financial year, for instance, directors or partners who received a DIN or DPIN by March 31, 2021, must submit the DIR-3 KYC form by September 30, 2021.
Who can file eForm DIR-3 KYC?
When submitting their KYC information for the first time to MCA, DIN holders are required to use eForm DIR-3 KYC to provide all of their information. Additionally, the only way for a DIN holder to amend any information about his KYC details is to file an eForm DIR-3 KYC.
File DIR-3 KYC with Professionals
Requirements for filing eForm DIR-3 KYC
- The director’s digital signature is necessary to file an eForm
- When submitting the form, the director’s phone number and email address are needed (which will be validated by an OTP).
- To sign form DIR-3 KYC, a DIN holder and a practicing professional (CA, CS, or CMA) must attest to the form.
- Declaration and certification from a working professional, such as a cost and management accountant, company secretary, or chartered accountant.
Documents needed to submit a DIR-3 KYC
- PAN Card (identification proof)
- Proof of Residency, Aadhar Card
- A passport, if the foreign national is one.
- Individual email address and mobile number
Consequences of late submission of Form DIR-3 KYC
According to Rule 12A of the Companies (Appointment and Qualification of Directors) Rules, 2014, each person assigned a DIN as of March 31 of that fiscal year is required to submit his KYC by September 30 of the following financial year, at the latest.
The DIN holder will have their DIN designated as “Deactivated due to non-filing of DIR-3 KYC” and will remain in that position until their KYC is completed, along with a late fine of ₹5,000, if they fail to file their yearly KYC by the deadline of each financial year.
Fee for late DIR-3 KYC submission
In the future, the director can reactivate the DIN by filing the eForm DIR-3 KYC and paying the ₹5,000 late fee. The late fees must be paid by September 30, the financial year in which the form is to be filed, at the latest. Each year, all directors must submit the paperwork by the deadline in order to prevent late costs and DIN deactivation.
Frequently Asked Questions (FAQs)
Name, Father’s Name, Birthdate, Permanent/Present Address, PAN Number, Personal Email Address, and Personal Mobile Number. Furthermore, if assigned, Aadhaar must be used. If not, a driver’s license, passport, or voter ID must be attached. As a result, please attach a copy of any of the aforementioned documents.
After paying ₹5,000, Form DIR-3 KYC can be filed with the status “Deactivated due to non-filing of DIR-3 KYC.”
No, just the holder of a DIN is needed to submit a DIR-3 KYC.
The system will not permit an applicant to file Form DIR-3 KYC more than once. When a DIN’s KYC is submitted once and then re-entered, the system reports that the form has already been submitted.
Indeed. Any individual who has been assigned a DIN and whose DIN status is “Approved” must submit form DIR-3 KYC. Directors who are disqualified must therefore also submit form DIR-3 KYC.
Only ₹750 is required as professional expenses for filing DIR-3 KYC.
DIN will be reported as “Deactivated due to non-filing of DIR-3 KYC” and will stay in that state until ₹5,000 has been paid for KYC.