Know All About DIR 3 KYC Form Due Date & Penalty for the Director

 

As per Rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014,

“Every individual who holds a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC for the said financial year to the Central Government on or before 30th September of immediate next financial year.''

 

FAQs On DIR-3 KYC

 

 

Ø Who is required to file DIR-3 KYC form?

 

ü  For Financial year 2018-19 - Any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2018 and the status of such DIN is ‘Approved’, needs to file form DIR-3 KYC to update KYC details in the system on or before 5th October 2018.

For Financial year 2019-20 onwards - Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is ‘Approved’, would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year.

After expiry of the respective due dates, system will mark all non-compliant DINs against which DIR-3 KYC form has not been filed as ‘Deactivated due to non-filing of DIR-3 KYC’.

 

 

 

Ø What is DIN?

 

ü  The concept of a Director Identification Number (DIN) was introduced for the first time in India with the insertion of Section 266A to 266G of Companies Amendment Act, 2006.

 

ü  DIN is a Eight digit Unique Identification Number, valid for life-time provided by the Ministry of Corporate Affairs, Government of India to the individuals to act as a director or designated partner in company or LLP.  So, one DIN can be used for multiple companies or LLPs.

 

 

Ø Who can file eForm DIR-3 KYC?

 

ü  Any DIN holder who is filing his KYC details for the first time with MCA, must file all KYC details only through eForm DIR-3 KYC. There is no option for such a person to access the web-service for his KYC.

 

ü  Further, any DIN holder who wants to update any information of his KYC details must update the same through filing of eForm DIR-3 KYC only. Please note that no update in details can be made by accessing the web-service for DIR-3 KYC

 

 

 

Ø Who can file KYC through DIR-3 KYC web-service?

 

ü  Any DIN holder who has already submitted eForm DIR-3 KYC in any of the previous financial years and who does not require update in any of his KYC details as submitted, may perform his annual KYC by accessing DIR-3 KYC web service. No fee is payable up to the due date of each financial year. After the due date, a fee of Rs.5000 shall be payable.

 

 

Ø Eligibility criteria for filing DIR-3KYC/DIR-3 KYC-Web Form

 

ü  For individuals, who have been newly allotted DIN or a person already holding DIN and has not filed DIR-3 KYC. Such persons have to file form DIR-3 KYC available of MCA portal.

 

ü  Any individual who has been newly allotted DIN or a individual already DIN holders as on 31st March of a financial year and their DIN status is in active status or mode as on 31st March of a financial years need to file DIR-3KYC/DIR-3 KYC-Web Form to the Ministry of Corporate Affairs, Government of India on or before 30th April of immediate next Financial year.

 

ü  DIN holders as on 31st March 2020 are required to file KYC before 30th April, 2020.

 

ü  Further, this procedure is mandatory for the disqualified directors too. Further, if there is any update in the personal mobile number or email id then they have to file form DIR-3 KYC. if there no update in the existing personal mobile number or email id, they have to file web-form DIR-3 KYC-WEB Form. 

 

 

v Note: If the current status of DIN is marked as ‘deactivated’ due to non-filing of DIR-3 KYC, there is golden an opportunity to file before 30th September 2020 under “CFSS Scheme-2020” and get back the status of DIN is marked as ‘activated’ without late filing fees of Rs. 5000. 

 

 

Ø Which details are required to be filled in the form?

 

ü  Name (as per PAN database),

ü  Father’s Name (as per PAN database),

ü  “Date of Birth (DoB)” (as per PAN database),

ü  PAN Number (mandatory for citizens of India),

ü  Personal Mobile number, and

ü  Personal Email Address and

ü  Permanent/Present address.

Further, Aadhaar is mandatory, if it is assigned. If not, then Voter ID or Passport or Driving License shall be attached. Accordingly, copy of any one of the above selected information is to be attached.

 

 

 

Ø Is it mandatory to enter a unique mobile number and email ID in form DIR-3 KYC?

 

ü  Yes. It is mandatory to enter your personal mobile number and personal email ID in the form DIR-3 KYC and the same has to be verified by an OTP process. Further, the mobile number and email ID must be unique such that it is not already linked with some other person in the DIN holders’ database.

 

 

 

Ø Know the difference between E-form DIR-3 KYC and DIR-3-KYC-WEB

 

ü  In case of  DIR-3 KYC,  DIN holders have to Submit KYC Documents by validating OTP received mobile number and email ID for the first time.  Which will be filed after affixing Digital signature of director or designated partner in any company or LLP and mandatory by a Practicing Professionals such as CA, CS or Cost Accountant? DIR-3 KYC Form is required to be filed when there is any update in data of  DIN holder or if there is any update in the personal mobile number or email id then they have to file form DIR-3 KYC.

 

 

ü  DIR-3-KYC-WEB: It is the web based form for filing DIR-3 KYC in subsequent years by simply filed by validating OTP received on the Registered Mobile Number and Email ID. 

 

 

ü  There is no need to affixing Digital signature of director or designated partner in any company or LLP and  by a Practicing Professionals.

 

 

ü  Note: Due to COVID-19 pandemic: All DIN holders who have missed to file for FY 2018 and 2019 can file E-form DIR-3 KYC or DIR-3-KYC-WEB up to 30th September 2020 without additional fees under Companies Fresh Start Scheme-2020(CFSS-2020).

 

 

v Note: Moratorium Period is given till 30th September 2020 without additional fees to all DIN holders who have missed to file for FY 2018 and 2019. Due to pandemic COVID-19, Finance Minister has declared Moratorium period till 30th September (extended the timelines without fees) to file an E-form DIR-3 KYC or DIR-3-KYC WEB for all the eligible DIN Holders.