What is Director KYC (DIR-3 KYC)?
Director KYC is an annual procedure to file updated information of the director with the Registrar of companies (ROC) in DIR-3 KYC Form. Director KYC filing with the ROC has to be done yearly in order to keep the DIN effective & activated.
Director identification number (DIN) is an unique 8 digits identification number of allotted to an individual who is prepared to become a director or is an prevailing director of a company.
For the filing of DIN KYC there is no government charges. Nonetheless, if it is not filed within its due date, then the associated DIN gets deactivated, and for the reactivation of the Director Identification Number (DIN) fee of ₹ 5000/- is charged.
Who has to file DIR-3 KYC?
Every individual, whether a director or designated partner in an LLP who has been selected DIN on or before 31st March of a financial year must submit an e-form DIR-3KYC with the Registrar of Companies.DIR-3 KYC is mandatory for even Disqualified Directors.
Due date and late fee for Director KYC
The Director KYC Filing has just begun with effect from 1st April 2022 for the FY 2021-22; the last date to fulfil is 30th September. There is no extension for the Director KYC Filing.
If an individual fails to file Director KYC the MCA21 system will mark all permitted DINs (selected on or before 31st March 2022) against which DIR-3 KYC form has not been filed up to 30th September 2022 as ‘Deactivated’ with a reason as “Non-filing of DIR-3 KYC” and the person is ineligible to hold the office of directorship in any company.
How to file Director KYC?
Category of DIR-3 KYC Filing:
For the previous financial year, the DIN holder can file and update their DIR-3 KYC details through e-Form and web services.
- KYC Details Update Via e-Form DIR-3
The web services are available to the DIN holder who has formerly submitted the e-Form DIR-3 KYC in the former financial years and also does not require update in KYC details can make annual KYC updating.
- KYC Update via Web Services of DIR-3
The holder of DIN filing the KYC details in the preliminary period as per the MCA should file the details of KYC via the e-Form DIR-3 KYC and the web services access is not available to the person, also the DIN holder needs to update the KYC via the e-Form DIR-3 KYC if the update has to be updated. There is no access to the web services for the updating of DIR-3 KYC.
Updated Director KYC 2023-24: Here
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