KYC OF ALL DIRECTORS OF ALL COMPANIES, WHO HAS BEEN ALLOTTED DIN ON OR BEFORE 31ST MARCH, 2018 IS MANDATORY
Ministry of Corporate Affairs would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to updating its registry.
It would become mandatory for every director who has been allotted DIN on or before March 31, 2018 and whose ‘DIN’ is in ‘approved’ status, to file form DIR-3 KYC on or before August 31, 2018. The DIN eKYC form must be filed using the Directors own DSC (Digital Signature) and should be certified by a practising Professional like Chartered Accountant, Company Secretary or Cost Accountant. While filing the form, the Unique Personal Mobile Number and Personal Email ID would have to be mandatorily indicated and would be duly verified by One Time Password (OTP).
DIR 3 KYC COMPLIANCE
Even the Directors who have been disqualified by the MCA for not filing Annual Returns of the company for last 3 years are also required to file DIN eKYC to update their email and phone number on MCA record. Failure to file DIR-3 eKYC form by disqualified Directors will also lead to additional penalty.
Due Date of Filing DIR-3 eKYC is 31st August 2018. The MCA system will automatically deactivate those DINs for which the form is not filed on or before the due date. If a DIN is deactivated for non-filing of DIN eKYC form, then filing of DIR-3 KYC in respect of such deactivated DINs would be allowed upon payment of a specified fee of Rs 5000./.
