e Form DIR-3 KYC

MCA has decided to conduct KYC for all directors of companies annually through a new e-Form DIR-3 KYC.

Nowadays, application in e-Form DIR-3 was sufficient to obtain DIN. This was the one-time process for any person who wants to be a director in one or more companies.

But now, with MCAs move to updates its registry, all directors with a DIN will have to submit their KYC details annually in e-Form DIR-3 KYC.

1.) Persons required to file eForm DIR-3 KYC are:-

As per MCAs recent announcement, any director who was allotted a DIN by or on 31st of March 2018 and whose DIN is in approved status, will have to submit his KYC details to the MCA by the 31st day of August. Further, this procedure is mandatory for Disqualified directors too.

2.) Checkpoints involved in filing the eForm DIR-3 KYC?

  • Every director’s 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 a one-time password (OTP).
  • 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.

3.)What if e From DIR-3 KYC is not filed within the due date specified?

In cases when the director who is supposed to file the e-Form does not file it by the 31st of August 2018 on MCA 21 portal, the department will mark the DIN of such director as ‘Deactivated’ with the reason shown as ‘Non-filing of DIR-3 KYC’.

If the director wishes to re-activate his DIN in future by filing the missed out e-Form DIR-3 KYC, he can do so only after a specified fee is paid.

 



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