The Ministry of Corporate Affairs (MCA) in India requires all directors of companies to file their KYC (Know Your Customer) details annually through Form DIR-3 KYC. The purpose of this form is to ensure that the information of directors is up-to-date and accurate and to prevent fraud and other illegal activities.
The process of filing Form DIR-3 KYC involves providing personal information, such as name, address, and contact details, as well as verifying the identity of the director through a digital signature. The form must be filed within the due date to avoid penalties and consequences.
Here are some key points about the Form DIR-3 KYC:
1. Applicability:
All directors who have been allotted a Director Identification Number (DIN) on or before 31st March of the financial year, are required to file Form DIR-3 KYC annually. This applies to directors of all types of companies, including private limited, public limited, and one-person companies.
2. Due date:
The due date for filing Form DIR-3 KYC is 30th September of every financial year. If the form is not filed within the due date, the DIN of the director will be deactivated and a penalty of Rs. 5,000 will be imposed for reactivation.
3. Process:
The process of filing Form DIR-3 KYC involves the following steps:
- Obtain a digital signature certificate (DSC) for the director.
- Log in to the MCA portal using the director’s credentials.
- Select the ‘e-forms’ option and choose Form DIR-3 KYC.
- Fill in the required details and attach the necessary documents, such as address proof and identity proof.
- Verify the details through a digital signature and submit the form.
4. Documents required:
The following documents are required to file Form DIR-3 KYC:
- Aadhaar card or passport for identity proof.
- Voter ID card or driving license for address proof.
- PAN card or Aadhaar card for proof of date of birth.
The documents must be self-attested and uploaded in PDF format.
5. Penalties:
If a director fails to file Form DIR-3 KYC within the due date, the DIN of the director will be deactivated, and a penalty of Rs. 5,000 will be imposed for reactivation. If the form is not filed within the next financial year, the DIN will be permanently deactivated.
6. Consequences of non-compliance:
Non-compliance with the annual filing of Form DIR-3 KYC can have serious consequences for directors. In addition to the deactivation of the DIN, non-compliance can also lead to legal action and penalties. It can also affect the reputation of the director and the company.
In conclusion
Form DIR-3 KYC is an important annual filing requirement for directors of companies in India. It is necessary to ensure that the information of directors is up-to-date and accurate and to prevent fraud and other illegal activities. By filing the form within the due date and providing accurate information and documents, directors can avoid penalties and consequences, and maintain their DIN status.
FAQ’s
Q.1 What is Form DIR-3 KYC?
Form DIR-3 KYC is a form that directors of companies in India are required to file annually with the Ministry of Corporate Affairs (MCA). The form requires directors to provide personal information and verify their identity through a digital signature.
Q.2 Who is required to file Form DIR-3 KYC?
All directors who have been allotted a Director Identification Number (DIN) on or before 31st March of the financial year are required to file Form DIR-3 KYC annually. This applies to directors of all types of companies, including private limited, public limited, and one-person companies.
Q.3 What is the due date for filing Form DIR-3 KYC?
The due date for filing Form DIR-3 KYC is 30th September of every financial year. If the form is not filed within the due date, the DIN of the director will be deactivated and a penalty of Rs. 5,000 will be imposed for reactivation.
Q.4 What documents are required to file Form DIR-3 KYC?
The documents required to file Form DIR-3 KYC include identity proof, address proof, and proof of date of birth. Examples of acceptable documents include an Aadhaar card, passport, voter ID card, driving license, and PAN card.
Q.5 What are the consequences of non-compliance with Form DIR-3 KYC?
Non-compliance with Form DIR-3 KYC can lead to the deactivation of the DIN, legal action, and penalties. It can also affect the reputation of the director and the company.
