DIR 3 KYC in India

DIR-3 KYC form is an MCA form that is used by individuals to file an application for Directors Identification Number (DIN) - a unique number that every individual must mandatorily possess to serve as a director in India. 

In the past, filing an application using eForm DIR-3 was sufficient to obtain DIN. It was a one-time process for an individual who wanted to serve as a director in one or multiple companies. 

However, the Ministry of Corporate Affairs has now made it mandatory for all the DIN holders to annually verify their details by filing Form DIR-3 K-Y-C. This is being done to ensure updated records and prevent misuse. DIR 3 KYC due date is 30th September of every year unless an extension is notified by the government.

DIR-3 KYC Eligibility

Every individual who has been allotted a Director Identification Number (DIN), or whose DIN is in approved status, is required to file DIR-3 annually. This form is mandatory for the disqualified directors too.

Documents Required for filing DIR 3 KYC in India

The required documents are as follows:

• Aadhar card of the directors

• The PAN card of the directors

• Voter ID

• Driving License

• Bank Statement

• Passport

• Digital Signature Certificate (DSC) of the director filing the form 

How to File DIR 3 KYC: Process

The process for filing DIR 3 KYC takes place in the following manner:

Preparing Necessary Documents

You must prepare all the necessary documents for the purpose of filing the e-form DIR-3 KYC. Do this prior to filing the form so that you don’t face any delays or discrepancies during the submission.

Visiting official MCA Portal

After all the necessary documents are in place, you need to visit the official MCA portal and then log into the portal using your credentials. Once you have logged in, you can access DIR 3 form and begin filling out the details in it. 

Once you fill out all the details, you must ensure they are accurate. You must also attach the required documents. Make sure the documents are legible.

Submission of DIR 3 KYC 

Once you ensure that all the details in the form are accurate and all the documents are legible and uploaded successfully, you can proceed to finally submit form DIR 3 KYC. After you submit the form successfully, a Service Request Number (SRN) will be generated. This number will be used for future correspondence with the MCA.

Penalty for DIR 3 KYC Late Filing 

If a director, who is supposed to file DIR 3 KYC, fails to file it by 30th September, the DIN of such director would be marked as ‘Deactivated due to Non-filing of DIR-3 K.Y.C’. After that, if the director wishes to re-activate their DIN in future by filing the missed out e-Form DIR-3 KYC, they can do so upon payment of Rs 5,000 as late fee. 

This fee has to be paid on or after 30th of the year in which the DIR-3 KYC Web needs to be filed. All the directors must file this form annually.

Our Assistance in filing the DIR 3 KYC in India

Our experts at Registrationwala provide end-to-end solutions for filing DIR-3 KYC for the directors in India. Here’s how we can assist you:

• Collecting the necessary information/documents and initiating the filing process.

• Creating the first compliance form’s draft.

• Reviewing the draft and making changes if necessary to ensure accuracy.

• Filing the compliance form in a timely manner.

Registrationwala.com is a leading legal consultancy firm when it comes to providing comprehensive services for DIR-3 K.Y.C. Contact us now if you're yet to file your DIR-3 KYC.

Frequently Asked Questions (FAQs)

Q1. Which form do I need to use for director KYC filing?

A. You need to use DIR-3 KYC form for director KYC filing. This e-form can be obtained online via the official MCA portal. 

Q2. What is the fees for filing DIR 3 KYC?

A. The government fees for filing DIR 3 K-Y-C is Nil provided that this form is filed in a timely manner. However, in case of late filing, a penalty of Rs. 5,000 will be imposed. If you seek assistance from a consultant for applying this form, then they will charge you professional fees for their services. 

Q3. What is form DIR 3 purpose?

A. The purpose of this form is to ensure the MCA data on directors is accurate and up-to-date. 

Q4. Which portal do I need to visit for DIR 3 form download?

A. You need to visit official MCA portal for DIR 3 form download.

Q5. What happens if a director fails to file DIR-3-KYC?

A. If a director fails to file DIR-3 KYC within the prescribed time, then their DIN will be marked as ‘Deactivated’ in MCA records. If they file the form after the due date, they will be required to pay the penalty prescribed by the MCA.

Q6. What is DIN?

A. Director Identification Number, abbreviated as DIN, is a mandatory, distinct and permanent 8-digit identification number issued by MCA to individuals who are or will become directors of companies in India. To obtain DIN, DIR-3 needs to be filed via MCA portal.

Q7. What is the penalty fee for late filing of DIR-3 K-Y-C form?

A. the penalty fee for late filing of DIR-3 K-Y-C form is Rs. 5000.

Q8. Can an individual be appointed as a company director even if they fail to file DIR-3?

A. No, an individual cannot be appointed as a company director if they fail to file DIR-3.

Q9. How often does the DIR-3-KYC form need to be filed?

A. This form needs to be filed on an annual basis. 

Q10. Do only the individuals holding a DIN need to file KYC DIR-3 form online?

A. Yes, only the individuals holding a DIN need to file DIR-3 K.Y.C form online.