DIR 3 KYC for Directors

The Director Identification Number (DIN) is a distinctive identification number that is assigned to individuals who aspire to become directors or are already directors of a corporation in India. To obtain a DIN, an individual must submit an application through eForm DIR-3, which was initially intended to be a one-time process for those interested in directorship positions in one or more companies.

However, due to recent changes in the MCA’s regulations, all directors who possess a DIN are now mandated to submit their KYC (Know Your Customer) details through e-Form DIR 3 KYC annually. This new requirement has been implemented to ensure that the details of directors are up-to-date and that they can be easily verified by the authorities.

The Form DIR-3 KYC is an essential requirement for directors of Indian companies with a Director Identification Number (DIN). It helps ensure that the government’s database of directors is accurate and up-to-date by collecting the necessary KYC details of directors, including personal information and identification documents. This ensures transparency in corporate governance and helps prevent fraudulent activities.

Directors of Indian companies who were assigned a Director Identification Number (DIN) on or before March 31, 2018, and whose DIN is in approved status are required to submit their KYC details to the MCA through Form DIR 3 KYC. This requirement also applies to disqualified directors. By complying with this requirement, directors can ensure that their information is accurate and up-to-date in the government’s database, which promotes transparency in corporate governance and prevents fraudulent activities.

Directors who are filing their KYC details with the Ministry of Corporate Affairs (MCA) for the first time must do so through eForm DIR-3 KYC. They do not have the option to use the web service for their KYC. Additionally, if a director wants to update any information in their KYC details, they must do so through eForm DIR-3 KYC. This ensures that all KYC information submitted to the MCA is accurate and up-to-date, which is essential for promoting transparency and preventing fraudulent activities.

Directors who have already submitted eForm DIR-3 KYC in previous financial years and do not require any updates in their KYC details can use the DIR-3 KYC web service to perform their annual KYC. The purpose of this web service is to verify the data filled by the DIN holder in their previous year’s eForm DIR-3 KYC. By using the DIR-3 KYC web service, directors can save time and effort by not having to file a new eForm DIR-3 KYC if there are no changes to their KYC details. This makes it easy and convenient for directors to comply with the annual KYC requirements and helps ensure the accuracy of the government’s database of directors.

Directors can file Form DIR-3 KYC without paying any fees if they file it within the due date of the respective financial year. However, if they file it after the due date and their DIN status is ‘Deactivated due to non-filing of DIR-3 KYC,’ they will be required to pay a fee of Rs. 5000. It is essential for directors to file their KYC details on time to avoid paying the fee and to ensure that their DIN remains active. By complying with the KYC requirements, directors can maintain their good standing with the MCA and demonstrate their commitment to good corporate governance practices.

• Details of Nationality
• Details of citizenship like gender, date of birth, etc.
• Permanent Account Number (PAN)
• Passport (compulsory when DIN holder is of foreign nationality)
• Driving License
• Aadhaar card
• Personal Mobile and Email ID
• Proof of Residential address
• Voters Identity card
• Digital Signature to file the form
• CA, CS, or Cost Accountants who are currently practicing the professional attestation of the above-mentioned documents. In the event of foreign nationals, an attestation by a defined authorized person is required.

• None, as this service is only for DIN holders who have previously filed Form DIR-3 KYC and have no changes in their email ID and mobile number.