DIN KYC Filing

DIR-3 DIN KYC

Application for KYC of Directors

DIN is a unique identification number given to a person wanting to be a director or an existing director of a company. In this digitized era, application in eForm DIR-3 was sufficient to obtain DIN. This was a one-time process for any person who wants to be a director in one or more companies. However, now with the move of the Ministry of Corporate Affairs (MCA) to update its registry, all directors with a DIN will have to submit their KYC details annually in eForm DIR-3 KYC.

Who has to file eForm DIR-3 KYC?

As per MCA recent announcement, any director who was allotted a DIN by or on 31st March 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 Financial Year 2019-20 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 Financial Year 2020-21, the directors having DIN or Director Partner Identification Number (DPIN) and the directors allotted with a DIN/DPIN by 31st March 2021, need to file the eForm DIR-3 KYC before 30th September 2021.

Checkpoints for filing the eForm DIR-3 KYC

  • Every Directors unique personal mobile number and email address will have to be provided while filing the eForm. This number and email address will be verified by an OTP (one-time password).
  • The second check implanted here would be that the director has to use his own digital signature while filing this eForm.
  • Further, the third test to ensure that complete and right information is provided will be that the eForm should be certified by a practicing Chartered Accountant or Company Secretary, or Cost and Management Accountant

Consequence of not filing eForm DIR-3 KYC within the specified Due Date

In case a director who is supposed to file the e-Form does not file it by 30th September on MCA 21 portal, the department will mark the DIN of such director as ‘Deactivated due to Non-filing of DIR-3 KYC’. If the director wishes to re-activate his DIN in future by filing the missed out eForm DIR-3 KYC, he can do so after paying a late fee of Rs 5,000. This fee would be payable on or after 30th September of the year in which the eForm DIR-3 is to be filed. This form needs to be filed annually by the directors.

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