Form DIR-3 KYC – KYC of Directors
A director identification number (DIN) is a unique identifying number assigned to a person who wishes to become a director or is already a director of a corporation. DIN is obtained by submitting an application in eForm DIR-3, which was originally intended to be a one-time process for anyone wishing to become a director of one or more companies.
However, as a result of an amendment to MCA’s register, all directors with DIN are now required to submit their KYC details in e-Form DIR 3 KYC every year.
Purpose of the Form DIR-3 KYC
As mentioned above, Every director shall inform all the companies in which he/ she is a director, of the DIN allotted to him/her in Form DIR-3B within 30 days of the receipt of intimation of approval of DIN. Similarly, the Secretary and Manager of a company shall inform the company of their Income-tax Permanent Account Number (PAN). The company needs to further information about the DIN of the directors to the Registrar in Form DIR-3C within 15 days of receiving the intimation.
Who is required to submit Form DIR 3 KYC?
Directors are required to submit their KYC details to the MCA if they meet the following conditions, according to recent MCA announcements:
Note that KYC is also required of disqualified directors.
eForm DIR 3 KYC at a Glance
Any DIN holder who is filing his KYC details for the first time with MCA must file all KYC details only through eForm DIR-3 KYC. There is no option for such a person to access the web service for his KYC.
Further, any DIN holder who wants to update any information of his KYC details must update the same through the filing of eForm DIR-3 KYC only.
Form DIR-3 KYC Web
Any DIN holder who has already submitted eForm DIR-3 KYC in any of the previous financial years and who does not require an update in any of his KYC details as submitted may perform his annual KYC by accessing the DIR-3 KYC web service.
Applicable Fee for form DIR-3 KYC
If Form DIR-3 KYC, is filed within the due date of the respective financial year, no fee is payable. However, if filed after the due date, for DIN status ‘Deactivated due to non-filing of DIR-3 KYC a Fee of Rs.5000 becomes payable.
Due Date for Filing DIR 3 KYC Form
|E form||Purpose of form||Timeline||Last Date to File||Remark|
|DIR-3 KYC||KYC of Directors||Annual Compliance||30th Sept 2022||Every individual who holds DIN as of 31st March 2022 and who has not filed DIR 3 KYC form previously or there is a change in email id and mobile number.|
|DIR-3 KYC Web||KYC of Directors||Annual Compliance||30th Sept 2022||Every individual who has previously filed form DIR-3 KYC and there is no change in email id and mobile number.|
Documents Required to File DIR 3 KYC form
The documents required to file reform DIR 3 KYC is as follows:
Aside from the aforementioned documents, directors must additionally have the following items on hand:
The process to file DIR 3 KYC Form
Step 1- Download the form
The DIR 3 KYC form is attached for your reference.
Step 2- Fill in the DIN details
Step 3- Fill out the DIR- 3 KYC Form with the required information
Name and relevant credentials
The applicant must enter his own first and last name, as well as his father’s first and last name. There are a few things to keep in mind:
A director’s date of birth (DOB) must be entered in the DD/MM/YYYY Because anyone under the age of 18 is ineligible to file this application, an age declaration is required.
A director’s permanent residential address must be entered and proof of permanent address must be attached. When the current residential address differs from the permanent residential address, the current residential address must be provided.
Note: A foreign pin code can be furnished only when the state selected is “NA”.
Step 4- PAN verification
Verification of the Permanent Account Number (PAN) is required. A director must first input his PAN, after which he must click the ‘Verify income-tax PAN’ button. The system next checks the director’s information using the PAN card number.
Note: For successful authentication, the PAN provided in the form must match the PAN indicated in the DSC. When foreign nationals do not have a PAN, the name on the form must match the name on the DSC in order for authentication to be successful.
Step 5- Update contact details and verify OTP
Attested Attachments to be made
An applicant must attest and upload the documents listed above. Any additional attachments must be signed digitally by the applicant.
Step 6- Authentication of e-Form
The e-Form must be validated, which means it must be digitally signed by a Chartered Accountant/Cost Accountant or a Company Secretary who is licensed to practice their profession. The provision of the practicing professional’s information, as well as their digital signature, is a critical responsibility that cannot be overlooked.
After thorough proofreading, click the ‘Submit’ button.
Step 7- SRN Generation
When the e-Form DIR-3 KYC is successfully submitted, an SRN is produced and assigned to the user for future MCA correspondence.
Step 8- Email communication
On his personal email ID, the applicant will receive an email acknowledging receipt of the form. Once the email of approval is received, filing eForm DIR-3 KYC is complete.
Things to keep in mind while filing e-Form DIR-3 KYC
Procedure to File Form DIR-3 KYC WEB
The procedure to File Form DIR-3 KYC Web is explained in detail below: