The Ministry of Corporate Affairs (MCA) of the Government of India conducts a KYC check of all directors of all companies registered in India on an annual basis. As per the Ministry of Corporate Affairs, any person who has been allotted Director Identification Number (“DIN/DPIN”) on or before the end of the financial year and the status of such DIN is ‘Approved’, needs to file form DIR 3 – KYC to update KYC details in the system of the Ministry of Corporate Affairs.
The KYC has to be filed on or before September 30, 2021.
You will require these 5 things to make this filing:
(i) A unique personal mobile number and a personal email id;
(ii) PAN number and Aadhar number;
(iii) Class 2 Digital Signature Certificate.
(iv) Form DIR 3 – KYC which has been filled in by you and certified by a practicing Chartered Account / Company Secretary or a Certified Management Accountant (Certified by the Institute of Cost Accountants of India); and
(v) A proof of permanent address needs to be attached to the form. Bank statement, electricity bill, telephone/mobile bill which specifies the address of the director may be attached as address proof, provided that bank statement, electricity bill, telephone or mobile bill shall not be more than 2 months old.
Please remember that if you fail to file the Form DIR 3 – KYC by September 30, 2021, then the Ministry of Corporate Affairs shall mark your DIN is deactivated, and you will have to pay a fee of INR 5000 /- to file the form and reactivate your DIN.
For further details, you can also refer to the FAQs on Form DIR 3 – KYC issued by the Ministry of Corporate Affairs.
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Disclaimer: Please note that the article above is for information purposes only and represents the views of the author and should not be construed as legal advice.