Ministry of Corporate Affairs (MCA) vide its notification dated 5th July, 2018 has notified Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018 (Amendment Rules). The Rule added mandatory requirement of filing of KYC (Know Your Customer – Director) i.e. DIR 3 KYC eForm for all the Individual who were holding a valid DIN as on March 31, 2018. The deadline for the filing was August 31, 2018 which was extended to September 15, 2018 and later it was extended till October 5, 2018.
Finally, the last of the extended deadline is over what will be the status of Individual who could not file the KYC on time?
As clarified by MCA, any Individual who are liable to file DIR 3 KYC and have not been able to file the KYC form before due date will see their respective DIN status being changed to ‘Deactivated due to non-filing of KYC’. Let us understand and evaluate the impact and analysis of the non-filing of KYC form.
Let us analyse the impact:
There is no solution for non-filing DIR 3 KYC filing and deactivation of DIN except for filing of form as early as possible. File the form with ROC fees of Rs. 5,000/- and immediately on filing of Form the DIN status will be changed to ‘Active’.
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