DIR-3 KYC on MCA – Online Application for KYC of Directors

DIN stands for Director Identification Number. It is a unique identification number allotted to a person who wants to be a director or an existing director of a company. All directors having a valid or expire DIN need to submit their KYC details on the MCA portal annually in eForm DIR-3 KYC.

                  Who is require to file DIR-3 KYC Form?

As per the Ministry of Corporate Affairs announcement, any person who  allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2018 and the status of such DIN is ‘Approved’, needs to file eForm DIR-3 KYC to update KYC details on the MCA portal on or before 5th October 2018. This procedure is mandatory for disqualify directors too.

From the Financial Year 2019-20 onwards, it is mandatory for every director who allot a DIN on or before the end of the financial year and whose DIN status is ‘Approve’, will have to file eForm DIR-3 KYC before 30th September the immediately next financial year.

For example, for the financial year 2020-21, the directors or partners who were allot DIN or DPIN by 31st March 2021 are require to file the DIR-3 KYC form before 30th September 2021.

                 Who file eForm DIR-3 KYC?

Any DIN holder who is filing his Director KYC details for the first time with MCA file all KYC details only through eForm DIR-3 KYC. But Also, any DIN holder who wants to update any information of his KYC details  update the same through the filing of eForm DIR-3 KYC only.

               Requirements for filing eForm DIR-3 KYC

1. Digital Signature of the director is require for filing eForm
2. Director’s email address and phone number is require while filing the form (which will be verify by an OTP)
3. DIN holder and a practicing professional (CA /CS / CMA) certifying the form are the two signatory require in form DIR-3 KYC
4. Certification & declaration by a practicing professional like Chartered Accountant, Company Secretary or Cost and Management Accountant

      Documents require for filing DIR-3 KYC

• PAN Card (Proof of identity)
• Aadhar Card (Proof of Residency)
• Passport (in case of foreign national)
• PAN Card (Proof of identity)Aadhar Card (Proof of Residency)Passport (in case of foreign national)Personal mobile number and email address

           Repercussions of not filing Form DIR-3 KYC on time

As per the provisions of Rule 12A of the Company (Appointment and Qualification of Directors) Rules, 2014, every individual who is allott DIN as of 31st March of a financial year submit his KYC on or before 30th September of the immediately next financial year.

If the DIN holder does not file his annual KYC within the due date of each financial year, such DIN  mark as ‘Deactivate due to non-filing of DIR-3 KYC’ and will continue to remain in ‘Deactivate’ status until KYC is done with a late fee of ?5,000.

    Penalty on late filing of DIR-3 KYC

To re-activate the DIN in the future, the director  file the eForm DIR-3 KYC after paying a late fee of Rs.5,000. But The late fees payable on or after the due date i.e., 30th September of the financial year in which the form is to be file. Because The form is mandatory to be file by all the directors annually within the specify due date to avoid late fee and deactivation of DIN.

Why Monitrix?

At Monitrix, we leverage our industry knowledge and expertise to help businesses navigate complex regulations,because minimize risks, and optimize operations for maximum efficiency and profitability.