Directors’ KYC is a new approach initiated by the Ministry of Corporate Affairs (MCA) in the year 2018 to check the existence of Directors of Company/s. This Form updates the KYC of the Directors. This Form needs to be filed every year by the Directors who have been allotted DIN by the MCA before 30th September for the previous financial year ending 31st March.
Every Director who has been allotted DIN for the first time shall file its KYC in e-form DIR-3 KYC with MCA for the ending 31st March, on or before 30th September of the next Financial Year. It is mandatory to enter your personal mobile number and personal email ID in the form DIR-3 KYC and the same has to be verified by an OTP process. Further, the mobile number and email ID must be unique such that it is not already linked with some other person in the DIN holders’ database
What is DIR-3 web services: Directors who have already filed their KYC in any Previous Financial Year, will need to perform its KYC through web services directly i.e., Director need not file e-form each year.
Director who has resigned from any Company but who did not surrender its DIN, also needs to update its KYC every year till the DIN is not surrendered.
Penalties: KYC performed after the due date i.e., after 30th September for the previous financial year, shall attract a fine of Rupees 5,000/- and also the DIN Status of Director will become “Deactivated for non-filing of DIR-3 KYC”.