What is Director KYC?

What is Director KYC?

What is DIR 3 KYC?

Director identification number (DIN) refers to a unique identification number allotted to an individual who is willing to be a director or is an existing director of a company. It is mandatory to conduct KYC in respect of each person who holds Director Identification Number (DIN). DIR 3 KYC is a form to be filed by Every director who has been allotted DIN (Director Identification Number). It is mandatory for all the directors irrespective of their status as approved / disqualified.

Who is Required to File DIR 3 KYC?

DIR 3 KYC is a form to be filed by Every director who has been allotted DIN (Director Identification Number).

It is mandatory for all the directors irrespective of their status as qualified or disqualified.

Documents Required to File DIR 3 KYC Form?

Following Documents are required for filing form DIR-3 KYC:

  • Full Name of Individual
  • Father’s name of Individual
  • PAN Number
  • Nationality, citizenship details (Whether a citizen of India or not), gender and date of birth.
  • Passport (mandatory if the applicant has a valid passport)
  • Personal Mobile Number
  • Personal Email-id
  • OTP from Mobile Number and Email-id
  • Address Proof
  • Digital Signature Certificate (DSC) of Individual (For Indian national, the DSC must be with PAN updated)

Who are the signatories in DIR 3 KYC Form?

  • DIN Holder,
  • A professional (CA/CS/CMA).
  • Please note that in case of Citizens of India, the PAN mentioned in the DSC is verified with the PAN mentioned in the form.
  • In case of foreign nationals, the name in the DSC affixed should match with the name entered in the form. DSCs affixed on the form should be duly registered on the MCA portal.

What is due date to file DIR 3 KYC?

Every individual who is allotted DIN as on 31st March of a financial year must 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 shall be marked as ‘Deactivated due to non-filing of DIR-3 KYC’ and shall remain in such Deactivated status until KYC is done with a fee of Rs.5000.

What are the consequences if form is not filed on or before the due date?

The DIN shall be deactivated. This means that you are disqualified to act as a director in any company.

If the same is filed after the due date, penalty of Rs. 5,000/- shall be levied by Ministry. This is a mandatory penalty and can not be avoided.

Note: This Post was last updated on April 3, 2021

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