Overview
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, will have to file form DIR-3 KYC before 30th September of the immediate next financial year.
DIN stands for Director Identification Number, it is a unique number, which is given to individuals, who wish to become directors or Designated Partner in companies or LLPs.
Why
Filing the e-form DIR-3 KYC within the due date is necessary for the directors, or else there will be negative consequences of that. In case if a director is failed to file an e form DIR 3 KYC by the 30th of September on the MCA portal, The status of DIN will be deactivated, 3 KYC.
In the future, if the director wishes to re-activate his or her DIN, then the director has to file DIR 3 KYC along with a penalty of Rs. 5000.
Process
The MCA provides two methods of filing the DIR 3 KYC, each catering to different scenarios – the DIR-3 KYC Form and the DIR-3 KYC Web.
DIR-3 KYC Form
The DIR-3 KYC Form is a more comprehensive KYC procedure and is required to be filed when:
- A director is filing their KYC for the first time.
- There have been changes to the director’s details since the last filing.
The DIR-3 KYC form must be filled out online, either by the director themselves or by a professional on behalf of the director. The form is then digitally signed by a Chartered Accountant (CA), Company Secretary (CS), or Cost and Management Accountant (CMA) in practice. Once the form is filled out, it is to be submitted electronically on the MCA website. On successful submission of the form, an acknowledgment will be generated, indicating the completion of the process.
Documents required for DIR-3 KYC Form
Keep these documents ready while filing DIR-3 KYC-
- PAN Card
- Voter ID card,
- Driving license
- Aadhar card
- Passport
- Mobile number and Email ID
- Digital signature certificate (DSC) of the person
*Copy of all the Documents must be certified by practicing Professional (CS, CA and CMA)
*In case where the DIN holder is residing outside India the particulars have to be verified from the documents duly attested by the attesting authority as prescribed.
2. DIR-3 KYC Web
The applicant must login to MCA portal along with valid credentials, then select the DIR 3 KYC web option. Enter the DIN Number, send and verify the OTP. Upon Successful submission, a zero rupee challan will be generated if form is filled on or before 30th of Sep.
Fees
1. Application for KYC filed before 30th September by DIN holder who has been allotted DIN on or before 31st March of every year, and whose DIN is in ‘Approved’ status - No fees
2. Application for KYC of Directors where DIN status is ‘deactivated’ and the reason for deactivation is ‘Non-filing of KYC in DIR-3 KYC’ - Rs. 5000
Timeline
The DIR-3 KYC process can be completed Within a day.
FAQs
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.
Name, Father’s Name, “Date of Birth” (as per PAN database), PAN Number (mandatory for citizens of India), Personal Mobile number, and Personal Email Address and Permanent/ Present address. Further, an Aadhaar card is mandatory, if it is assigned. If not, then a Voter ID or Passport or Driving License shall be attached.
Yes. It is mandatory to enter your personal mobile number and personal email ID in the form DIR-3 KYC and the same is required to be verified by an OTP process. Further, the mobile number and email ID must be unique such that it should not be linked with some other person in the DIN holders’ database.
