File Now. DIR-3 KYC Registration.

It is now mandatory to conduct KYC for each person who holds the Director Identification Number in any LLP or Company registered with Ministry of Corporate Affairs. Any Director who has been allocated DIN on or before the end of the financial year, and whose DIN status is 'Approved' including disqualified directors, will be required to file a DIR-3 KYC form for the financial year 2021-22 onwards. The Director Identification Number (DIN) is a unique identification number that is issued to a person who wants to be a company director or a current director.

The application of e form DIR-3 was sufficient to obtain DIN in this digitized period. This was a one-time process for any person in one or more businesses who want to be a director. Now, however, all directors with a DIN will have to apply their KYC information annually in e form DIR-3 KYC with MCAs moving to update their registration. DIN holders of DIN as 'Deactivated' due to DIR-3 KYC's non-filing. And those companies whose compliance status has been seen as 'ACTIVE non-compliant' due to the non-filing of Active Company Tagging equal Identities and Verification(ACTIVE) e form are urged to comply with General Circular No. 11 of 24 March 2020 & General Circular No.12 again.

All Director who has been assigned DIN on or before the end of the business year, and whose DIN status is 'Confirmed' even if the director is disqualified, would be mandatorily needed to register form DIR-3 KYC / DIE 3 KYC WEB before 30th April of the directly next business year.

Note - DIN is in approved status After the expiry of the particular due dates, the system will check all non-compliant DINs upon which the DIR-3 KYC form has not been filed as 'Deactivated due to non-registering of DIR-3 KYC'.DIR 3 KYC form is necessary for the disqualified directors also.

In some cases, the Government has found that either the information given at the time of application of the DIN was not true or that the Government does not have the updated details of a person working as a Director. In such a case, it becomes difficult for the government, in the event of non-compliance or fraud, to implement regulatory measures against such individuals. Therefore the aim behind KYC of individuals holding DIN is twofold, firstly to ensure that updated data is available in the government records for each person holding DIN, and secondly to deactivate DINs, which are not being used and where there is no updated information.

For filing your DIR 3 -KYC form, you'll require the following documents:

All individual company directors whether private limited, nidhi company or OPC or partners in LLP who have been assigned DIN until 31 March 2022 are expected to apply e-form DIR-3 KYC (e forms DIR 3 KYC is 30 September 2022 for the year 2022) Late fees will be INR 5,000/-. No dir 3 kyc date extended this year by government, so plan accordingly.

• The specific personal mobile phone number and email address of each director will have to be given when filing the e form. An OTP can check this number and e-mail address (one-time-password).
• The second verification implanted here will be that while filing this e form, the director has to use his digital signature.
• Further, the third test to assure that full and right information is offered will be that the e form must be verified by a practicing CA or CS, or Cost and Management Accountant.

The due date for applying the DIR-3KYC form or DIR-3KYC Web form is 30th September 2022.

Late fees for non-filing of DIR-3KYC or DIR-3 KYC WEB

The MCA has recently disqualified the directors of companies who have not consistently filed company annual reports for 3 years. The MCA has given an incentive through the Condonation of Delay Scheme to reactivate such businesses. Even those MCA disqualified directors are required to file DIN eKYC to update their email address and phone number on the MCA record. Failure by disqualified directors to file the DIR-3 eKYC form would also result in an additional penalty of Rs.5000.

What happens if the e forms are not registered within the due date? Well, your DIN will be considered as "Deactivate ".Also, you cannot sign any E-Forms link to the company or get appointed in any other pending disqualification. After the expiry of the due date, the KYC form is to be applied, the MCA 21 system will consider all approved DINs (assigned on or before 31st March 2022) over that DIR-3 KYC form has not been registered as 'Deactivated' with a reason as 'Non-filing of DIR-3 KYC'.

The MCA has recently disqualified the directors of companies who have not consistently filed company annual reports for 3 years. The MCA has given an incentive through the Condonation of Delay Scheme to reactivate such businesses. Even those MCA disqualified directors are required to file DIN eKYC to update their email address and phone number on the MCA record. Failure by disqualified directors to file the DIR-3 eKYC form would also result in an additional penalty of Rs.5000.

The MCA has recently disqualified the directors of companies who have not consistently filed company annual reports for 3 years. The MCA has given an incentive through the Condonation of Delay Scheme to reactivate such businesses. Even those MCA disqualified directors are required to file DIN eKYC to update their email address and phone number on the MCA record. Failure by disqualified directors to file the DIR-3 eKYC form would also result in an additional penalty of Rs.5000.