FILING OF E-FORM DIR 3 KYC:

Description

FILING OF E-FORM DIR 3 KYC
E-Form DIR-3 KYC is a form required to be filed by every Director who has been allotted a Director Identification Number (DIN) by the Ministry of Corporate Affairs (MCA) in India. This process is part of the KYC (Know Your Customer) requirements to ensure that the information associated with a director is accurate and up-to-date.

Meaning
E-Form DIR-3 KYC is used to update and verify the KYC details of a director. It is mandatory for all individuals who hold a DIN to submit this form annually to maintain the validity of their DIN. Non-compliance can lead to the deactivation of the DIN.
When to File.The form must be filed annually, on or before September 30th of each year, for the previous financial year. For instance, for the financial year ending March 31, 2024, the due date for filing DIR-3 KYC would be September 30, 2024.

Documents Required

The following documents are typically required to file E-Form DIR-3 KYC:

Personal Details:
Full Name (as per PAN)
Father’s Name
Date of Birth
Gender
Nationality

Address Proof:
Permanent Residential Address
Present Residential Address (if different from permanent)

Contact Details:
Personal Mobile Number (must be unique and not be used for other directors)
Personal Email ID (must be unique and not be used for other directors)

Identification Proof:
PAN (Permanent Account Number) – mandatory for Indian citizens
Aadhar Card (for Indian citizens)
Passport (mandatory for foreign nationals and recommended for Indian citizens)

Other Documents:
A duly attested copy of a recent utility bill (e.g., electricity bill, telephone bill, etc.) not older than two months
Proof of Permanent Address (e.g., Aadhar Card, Voter ID, Passport, Driving License)

Digital Signature Certificate (DSC):
A valid Digital Signature Certificate of the director filing the form.

PENALTY:
Late Fee: A penalty of INR 5,000 will be imposed if the form is not filed on or before the due date.

DIN Deactivation: If the DIR-3 KYC form is not filed within the due date, the Director Identification Number (DIN) of the individual will be marked as “Deactivated due to non-filing of DIR-3 KYC” by the Ministry of Corporate Affairs (MCA). This deactivation means that the director will not be able to perform any activities that require a DIN, such as signing documents or registering new companies.

Reactivation of DIN: To reactivate the DIN, the director will need to file the DIR-3 KYC form along with the late fee of INR 5,000. Once the form and fee are submitted, the DIN will be reactivated.

It is important to file the DIR-3 KYC form on time to avoid these penalties and ensure that the DIN remains active for performing directorial duties without interruptions