Director’s KYC

Who is required to File Director KYC?

Any Directors or partners of LLP, who has been allotted “Director Identification Number -DIN” on or before 31st Mar 2021, needs to file Dir-3 KYC on or before 30th Sept 2021 to remain on board of directors of the company.  For more, refer the MCA circular about the same.

Documents required for Director kyc

Below are the documents required for Directors KYC;

  1. Pan card
  2. Aaadhar card
  3. Email id and mobile number – it shall be unique*
  4. DSC – if the KYC is first time, then DSC is mandatory.

*Kindly note, Mobile number and email ID shall be unique and shall not use more then one person DIN KYC. If director holds Passbook, then it’s mandatory to disclose with MCA.

Procedure to file DIN KYC

After receipt of above documents/ information, Team IN Filings, Bangalore, will prepare the e form Dir-3 KYC and certify the form along with DIN holder.

After, successful verification of the Form, OTP would be received to the DIN holder email and mobile. It has to be updated in the form for final submission with MCA.

Successful filing with MCA, din holder will receive a confirmation from Mca for the DIN KYC approval.

Fees for filing DIN KYC

If Directors KYC filed within the due date, no fees payable.

If filed after due date then, late fee Rs.5000, along with deactivation from the board of the directorship of the company (s).

What happens for Non filing of Director KYC?

As per Mca notification, rule 12A, of the Companies, rule, 2014, if the DIN holder not files his/her kyc on or before the due date, those, director number shall be marked as Deactivated – due to non-filing of KYC.

And remain in deactivation, until KYC done with late fee of Rs.5000.

Kindly note, even last year KYC not done also, need to be pay the late fee Rs.5000 per DIN to make active.

What is the impact of non KYC directorship to the Director?

If the person din is deactivated due to non-KYC, then below impact will happen.

  1. He can’t be appointed as director in any company
  2. He can’t resign from any company or LLP
  3. He can’t mention his DIN on any document in relation to his designation of the company
What is the Impact on non KYC to the Company?
  1. Company shall not able to file its annual return to MCA
  2. Company shall not able to use the DSC of the person who has been deactivated
Summary note about Directors KYC

Form DIR-3 KYC is to be filed by an individual who holds DIN and is filing his KYC details for the first time or by the DIN holder who has already filed his KYC once in form DIR-3 KYC

Web service DIR-3-KYC-WEB is to be used by the DIN holder who has submitted DIR-3 KYC form in the previous financial year and no update is required in his details.

 

Last date to file the KYC: 30th Sept 2021

 

Impact on the non-filing KYC

As per MCA notification , If a Director, fails to file DIR-3 KYC before the expiry of the due date, then MCA21 system will mark his/her DIN as ‘De-activated’ with a reason as ‘Non-filing of DIR-3 KYC’.

The company unable to file its annual return with MCA and other stake holders

In order to avoid any delay which would result in payment of Rs. 5000, we recommend, to consult our Team IN filings office to get it done easily before the due date of 30th Sept, 2021

still have a query, call our business line +91-8792858436 Or email support@teamindia.co.in
You can also reach our helpdesk through in the given Link: Team IN Filings

Leave a Reply

Your email address will not be published. Required fields are marked *