DIN is an abbreviation of Directors Identification Number which is a type of unique number allotted to individuals who are proposed to be directors or already a director in a business. DIN number is essential not only to incorporate a company but also to maintain the director’s status in the company.
So, Form DIR 3 KYC was introduced with the intent to keep the DIN and its associated details updated regularly. Filing DIR KYC is a single-time process carried out annually, enabling directors to intimate their details to regulatory authorities like the ROC, and keep them updated on any done or undone changes.
In general, no government fee is payable for filing the DIR-3 KYC form within the due date of filing. However, if the directors fail to file the e-Form DIR 3 KYC within 30 September, the MCA will mark their DIN as ‘Deactivated’ on the MCA21 portal, demonstrating the reason ‘Non-Filing of DIR-3 KYC’.
The government keeps the data of every DIN holder in their records. In order to ensure that the data in the records of the government is updated and correct, e-Form DIR-3 KYC was introduced and every director holding a DIN has to file each financial year. With updated records, the MCA can deactivate DINs that are not in use and their updated data is also not available.
For the directors who have failed to file their DIR-3 KYC for the previous financial year, their DIN status is updated with a remark of ‘Deactivated due to Non-Filing of DIR-3 KYC’. Such directors also have to file this KYC Form along with a penalty of Rs. 5,000 to reactivate their DIN.
The Ministry of Corporate Affairs (MCA) recently stated that a director holding a DIN by or on March 31, 2018, with ‘Approved’ status, must submit his/her KYC information to it. It is also a mandatory process for the directors whose DIN has been marked ‘disqualified’.
After FY 2019-20, every director who has been allotted DIN on or before the end of the financial year with its DIN status ‘Approved’, is needed to file form DIR-3 KYC before 30th September of the next financial year. For instance, for the financial year 2022-23, the directors who have been allotted a DIN or DPIN (Director Partner Identification Number) by 31st March 2023 or already have a DIN, need to file their e-Form DIR-3 KYC before 30th September 2023.
There are two ways of filing an e-Form DIR-3 KYC that are described below;
The directors who are filing e-Form DIR KYC for the first time post allotment of their DIN or whose credentials need to be updated must file their Director KYC through filing the E-form DIR-3 KYC.
Any director who has already filed the Director KYC e-Form in any of the previous financial years and no changes incurred in their KYC credentials are needed to file Web-based DIR-3 KYC. They can simply file this e-Form by logging into the MCA portal followed by navigating to the 'MCA Services' tab then 'Company e-Filing' 'DIN Related Filings' and clicking on 'Form DIR-3 KYC Web'.
In this form, the directors are needed to provide their DIN number, Mobile Number as well as Email address. An OTP will be sent via Mobile Number and Email, fill out the OTP and click on the 'Next' button.
Before initiating director KYC form filing, make sure to fulfill certain requirements. Complying with such requirements makes the director KYC filing process hassle-free, and quick. Here is a quick checklist points for filing dir-3 KYC form;
In order to duly file the Director KYC form, the applicant must have a set of documents required for Director KYC. If documentation requirements are left unfilled, filing Director KYC can’t be completed. If one fails to file a director KYC e-Form, he may have to face penalties. In order to file the DIR-3 KYC Form, the documents required are listed below;
The DIR KYC form filing process starts with checking the DIN status first. For that, you need to visit the MCA’s official website and check the DIN Section under Services. By this, you can determine whether your DIN is in active or deactivated mode. After that, you are all set to move to the further steps.
In the DIR-3 KYC Section of the MCA's portal, there are two e-forms for KYC; one is DIR-3 KYC and the other is DIR-3 KYC (Web-based) Form. Depending upon the type of filing (New or Existing), the relevant form must be filed. Directors having DIN and filing KYC for the first time must opt for e-Form DIR-3 KYC.
On the other hand, the directors who have already filed KYC in any of the financial years and no alterations in their credentials took place since then, must file a DIR-3 e-Form Web-based form. A web-based form has pre-filled details that you only need to verify and submit the form.
The directors filing e-form for KYC for the first time have to fill out the correct form with the right details including Name, Address, Nationality, Gender, Birth Date, PAN Number, Identity Proof (Aadhaar Card/DL/Voter ID/Passport) Number, and other required details. Post submission, click each detail at least once and click on 'Send OTP' to receive verification codes on your given mobile and email address.
The director KYC e-Form must be signed digitally by the applicant. And don’t forget to get this form verified by a practicing CA or CS. Once done, submit the form.
Upon successful submission of the DIR 3 kyc form, wait for MCA’s approval. In general, the processing of DIR-3 KYC verification may take a few hours to 24. However, it may take some time to get DIR-3 KYC approval depending upon a few conditions such as withdrawal in verification status, etc. The post-submission process of DIR-3 KYC includes;
Director KYC registration is a must-follow annual compliance that each director who has a DIN and its status is ‘Approved’ has to file every financial year. If they don’t file this online form before the specified date, they may have to face director KYC penalty or late filing fees. Learn more about various aspects of director kyc including registration fee/cost, late KYC penalty charges, and other essential aspects by going through the above blog post.
Yes, it’s crucial to have a personal mobile and email ID as they will be filled out in the Director KYC form. And they also need to be verified by OTP. However, the contact information given in the DIR KYC form should not be linked with any other DIN holder.
In the director KYC Form, one needs to fill out various information. Those details include;
Moreover, an Aadhaar number is mandatory for filing director kyc form. If you don’t have an Aadhaar, a Voter Card, Driving License, or Passport shall be attached to the form.
Yes, any person holding a DIN and the status of his DIN is ‘Approved’, will have to file form DIR-3 kyc. Hence, disqualified directors are not exempted from annual KYC.
In case of not receiving OTP, you should check your inbox, and no any OTP mail is received then check your Spam folder. If you still haven’t got an OTP, request another one.
