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DIR 3 KYC

BHARATH MALI (Assistant of Audit) (76 Points)

31 July 2018

How to file this form, and who can file this form, what are the process of uploading the form, kindly advaice me sir.

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Pratyush Padhi (Accounts & Tax Manager) (22 Points)
Replied 31 July 2018

A. New requirement:-

This is with reference to Ministry of Corporate Affairs’ (MCA) new initiative for conducting KYC of all the Directors of all companies annually through a new e-form viz. DIR-3 KYC. Every Director who has been allotted DIN (Director Identification Number) on or before 31st March, 2018 and whose DIN is in ‘Approved’ status would be mandatorily required to file form DIR-3 KYC on or before 31st August, 2018.No fee shall be charged by MCA for filing form DIR-3 KYC within the due date (ie., till 31st August 2018).

Filing of DIR-3 KYC would be mandatory for Disqualified Directors also.  Even such persons who are holding Approved DIN but are not appointed on the Board of Directors of any Company also need to file this Form DIR-3 KYC

B. Consequence of not filing Form DIR-3 KYC on or before 31st August 2018:-

After expiry of the due date by which the KYC form is to be filed, the MCA21 system will mark all approved DINs (allotted on or before 31st March 2018) against which DIR-3 KYC form has not been filed as ‘Deactivated’ with reason as ‘Non-filing of DIR-3 KYC’. After the due date, filing of DIR-3 KYC in respect of such deactivated DINs shall be allowed upon payment of late fee of Rs. 5000/-, without prejudice to any other action that may be taken.

C. Key Requirements for filing this Form:-

Please note that following are the key requirements for filing of this Form:-

1.      DSC (Digital Signature Certificate) of each Director as the form shall be signed using his/her own DSC (Such Directors who do not have valid DSC shall need to get their DSC prepared)

2.       Also, Unique Personal Mobile Number and Personal Email IDwould have to be mandatorily required and would be duly verifiedby One Time Password (OTP).