Annual KYC of directors in new e form DIR-3 KYC under Companies Act, 2013

Annual KYC of directors in new e form DIR-3 KYC under Companies Act, 2013

Ministry of corporate affairs has notified Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018 as per notification dated 5th July, 2018. These Rules shall come into effect from 10th July, 2018.

DIR-3 KYC is mandatory to file for all directors of all companies who have been allotted DIN & it would be mandatory to file on annual basis.

DIR-3 KYC will be deployed from 10.07.2018.

Every director is required to file e form DIR-3 KYC annually on mandatory basis whose DIN is in “Approved Status” on MCA Portal and would be mandatory for Disqualified Directors also..

Those directors who have been allotted DIN on or before 31st March 2018 is mandatory to file e form DIR-3 KYC before 31st August 2018. After the expiry of the due date those who have not filed DIR-3 KYC the MCA21 system will mark their DIN status on MCA Portal as “Deactivated” with the 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 the payment of a specified late fee only or without prejudice to any other action that may be taken..

IN the DIR-3 KYC form, unique personal mobile number & personal mail ID of Director are required to fill which would be verified by One Time Password (OTP) and at the time of submit the Form the DSC of the director should be attached & should be duly certified by Practicing professional (CA/CS/CMA).

Following documents required to file DIR-3 KYC:-

1. DSC of Director duly Registered;

2. Self attested PAN card;

3. Self attested Aadhar card with updated Mobile number with UIDAI;

4. Self attested Electricity Bill, Bank statement of Director (latest 2 Months) of his/her present address;

5. Latest Passport size photo;

6. DIN declaration cum KYC.

So please complete your Director KYC before 31 August 2018 to save penalty.