FAQ's on Director KYC

November 02, 2020
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2020 DIN KYC for Directors - MCA Procedure & FAQs
 

Q.1 What do you mean by Director’s DIN KYC?

As per Rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014, “Every individual who holds a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall submit e-form Director-3-KYC for the said financial year to the Central Government on or before 30th September of immediate next financial year.

 If any Individual has already filed his/her KYC form for any of the previous years, then he can simply submit their KYC by submitting a web KYC form through the web service. But in case the Director needs to update their personal contact details such as Email and Mobile or anyone, then they may update by submitting a fresh Director-KYC form only.

 KYC Form is free to file within the due date. But for Deactivated cases, fees will be applicable as per Companies (Registration Offices and Fees) Rules, 2014 which can be up to Rs. 5,000 only.

Q.2 How do I file a DIN KYC for directors?

The e-Form Director-3 KYC shall be filed either through the form DIR-3 KYC in case of first time filing of details related to Director’s DIN and for making any changes in the details of Director’s DIN or through Web-based DIN KYC which is only OTP based verification of details of Directors.

Q.3 How do I verify my director KYC?

The Director KYC can be verified on the MCA portal with the help of DIN Number. The status shall be shown as approved of DIN for which KYC has been filed.

Q.4 Is it mandatory to submit DIR-3KYC every year?

Yes, it is mandatory to file Director-3 KYC every year either through KYC form or web-based KYC.

Q.5 What is the DIR-3 KYC due date?

DIR-3 KYC due date is 30th September of the immediate next financial year.

Q.6 What are the mandatory details required for DIR-3 KYC?

The Mandatory details required for the   Director-3 KYC are:

1)      Pan card

2)      Aadhhar card

3)      Passport ,if any

4)      Permanent Address proof

5)      Registered mobile number

6)      Registered Email-ID

Note: All these documents must be self-attested or attested by any professional.

Q.7 Whether Disqualified Directors required filing DIR-3 KYC?

Yes, Every Individual who has DIN is required to file DIR-3 KYC as per the  Rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014.

Q.8 What happens if a director fails to file DIR-3 DIRECTOR KYC?

The DIN of the Director shall be deactivated due to the non-filing of form  Director-3 KYC.

Q.9 Consequences of filing of DIRECTOR KYC after the DIR-3 KYC due date?

The Late fees of Rs. 5000/- shall be paid in case of filing of form DIR-3 KYC after DIR-3 KYC due date.

Q.10 Who has to File DIR-3 DIRECTOR KYC?

Every individual who holds a Director Identification Number (DIN) as of 31st March of a financial year shall submit e-form DIR-3-KYC for the said financial year to the Central Government.

Q.11 If a person is not holding Directorship anywhere for the whole year or years. Whether such a person is required to file DIN KYC every financial year?

Yes, DIR-3 KYC is required to be filed even if any director does not hold directorship anywhere in the company. Since the filing of DIN KYC is for the DIN which an individual holds and not for the directorship.

Q.12 Whether it is mandatory for a person to have a DSC to file DIR-3 DIRECTOR KYC?

Yes, it is mandatory for a person to have a DSC for filing the e-form DIR-3 DIRECTOR KYC.

Q.13 What is the DIR-3 KYC last date for DIRECTOR KYC form submission?

The DIR-3 KYC last date for the submission of Form DIR-3 KYC is before 30th September of the immediate next financial year. DIN KYC last date is applicable to all the directors.

Q.14 Whether email ID / Mobile No. of any other person can be mentioned in DIN KYC?

No, email- id and mobile number of any other person cannot be mentioned in the Form  Director-3 KYC.

Q.15 How do I complete DIN DIRECTOR KYC?

After the successful verification of an OTP which will be received at the registered mobile number and email id, one can upload the form DIR-3 KYC on the MCA portal for the completion of DIN DIRECTOR KYC. This should be closed before DIN KYC's last date.

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