DIR-3 KYC- An Overview
Form DIR-3 KYC is a form that is used by directors in India to update their Know Your Customer (KYC) details with the Ministry of Corporate Affairs (MCA). The purpose of the form is to maintain accurate and up-to-date information about directors and to prevent fraudulent activities.
As per MCA recent announcement, any director who was allotted a DIN by or on 31st March 2018 and whose DIN is in approved status, will have to submit his KYC details to the MCA. Further, this procedure is mandatory for the disqualified directors too.
In case a director who is supposed to file the e-Form does not file it by 30th September on MCA 21 portal, the department will mark the DIN of such director as ‘Deactivated due to Non-filing of DIR-3 KYC’. If the director wishes to re-activate his DIN in future by filing the missed out eForm DIR-3 KYC, he can do so after paying a late fee of Rs 5,000.
Types of DIR-3 KYC Form:
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- DIR-3 KYC: Individuals who are filing DIR-3 KYC for the first time have to file the eForm DIR-3 KYC available on the MCA portal. This form also has to be filed by existing DIR-3 filers in case of updating their existing mobile number or email id.
- DIR-3-KYC-WEB: DIR-3 KYC is a web form available on the web service available on MCA portal. All DIN holders who have already filed the DIR-3 KYC eForm in the previous year have to file the web-form in the subsequent years.
Don't wait file your DIR-3 KYC today at Rs. 1,199/-
Non Filing of DIR-3 KYC can cost you Rs. 5000 as penalty and it will be deactivated after 30th Sept.
Documents Required for DIR-3 KYC
DIN Number
PAN Card
Address Proof
Photograph
Contact Details
Other Details
Benefits of DIR-3 KYC
Compliance with the law
Filing Form DIR-3 KYC is a legal requirement for directors of companies registered in India, and failure to file the form on time can result in penalties and fines. By filing the form, directors can ensure that they are in compliance with the law and avoid any legal consequences.
Maintaining accurate information
The form requires directors to update their personal and financial information with the MCA, which helps to maintain a centralized database of directors that is accurate and up-to-date.
Improving transparency
The MCA's centralized database of directors helps to improve transparency in the corporate world by ensuring that information about directors is accurate and easily accessible.
Preventing fraudulent activities
The KYC process involved in filing Form DIR-3 KYC helps to prevent fraudulent activities by verifying the personal and financial information of directors.
Maintaining good standing with the government
By complying with the MCA's requirements and filing Form DIR-3 KYC, directors can demonstrate their good standing with the government and avoid any negative consequences for their business.
Streamlining the business process
By having accurate and up-to-date information about directors, the MCA and other government agencies can more efficiently process any business-related applications or requests from directors.
How we work?
Step 1: Consultation with Expert
Step 2: Preparing the Documents
Step 3: Filing Returns
Step 1: Consultation with Expert
Our expert will call you after your contact form submission, then after consultation you will submit all the required documents to us for further processing.
Step 2: Preparing the Documents
After your documents submission we will prepare the DIR-3 KYC form.
Step 3: Filing Returns
The process will be completed after filing DIR-3 KYC on MCA portal.
Are you still confused?
Our team of experts can help you out finding the best solution for you. Contact us today!
Frequently Asked Questions
Form DIR-3 KYC is a form used by directors in India to update their Know Your Customer (KYC) details with the MCA. The form requires directors to provide their personal and financial information, such as their name, address, date of birth, PAN number, and bank details.
All directors of companies registered in India are required to file Form DIR-3 KYC, regardless of their nationality or the location of their company.
The deadline for filing Form DIR-3 KYC is 31st September of every financial year.
If a director fails to file Form DIR-3 KYC on time, they may be subject to penalties of Rs. 5000. In addition, their DIN (Director Identification Number) may be deactivated, which can result in negative consequences for their business.
Form DIR-3 KYC can be filed online on the MCA website. The process involves filling out the form and providing supporting documentation, such as proof of identity and address. A fee must also be paid to the MCA to process the form.
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