Ministry of Corporate Affairs (MCA) reported a significant increase in Director KYC filings for the fiscal year 2024-25. From April 1, 2024, to September 30, 2024, a total of 22.98 lakh DIR-3 KYC forms were submitted, marking an increase from 20.54 lakh forms filed in the same period of the previous year. Notably, this filing count has already surpassed the total of 22.02 lakh forms submitted for the entire fiscal year 2023-24. The MCA aims to improve stakeholder experience on the MCA-21 portal and has formed a Special Team to address grievances, enhance compliance, and streamline the process. According to Rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014, all individuals holding a Director Identification Number as of March 31 must submit their DIR-3 KYC form by September 30 of the following financial year. Additionally, submitting the DIR-3 KYC form for subsequent financial years is considered compliance if previously filed.
Ministry of Corporate Affairs
MCA observes robust Director KYC filing during FY 2024-25.
The filing upto September 2024 during FY 24-25 has exceeded filing of 22.02 lakh forms during entire FY 23-24.
Posted On: 01 OCT 2024
MCA observed robust Director KYC filing during FY 2024-25. During 01st April 2024 to 30th September 2024, 22.98 lakh DIR-3 KYC forms have been filed compared to 20.54 lakh forms filed during the period, 01.04.2023 to 30.09.2023. The filing upto September 2024 during FY 24-25 has exceeded filing of 22.02 lakh forms during entire FY 23-24.
MCA is constantly endeavoring to enhance stakeholders’ experience on MCA-21 portal and taking proactive measures towards Ease of Doing Business and Ease of Living. A Special Team has also been constituted to look into the grievances of stakeholders for efficient disposal, suggest systemic solution, if required, and provide better guidance to the stakeholders for their compliances on MCA-21 Portal.
As per the provisions of Rule 12 A of Companies (Appointment and Qualification of Directors) Rules 2014 every individual who holds a Director Identification Number as on 31st March of a financial year shall submit DIR-3 KYC form on or before 30th September of immediate next financial year. Further where an individual who has already submitted DIR-3 KYC in relation to any previous financial year, submits DIR-3 KYC web in relation to any subsequent financial year it shall be deemed to be compliance of the provisions of this rule for the said financial year.
