A director identification number (DIN) is a unique identifying number assigned to a person who wishes to become a director or is already a director of a corporation. DIN is obtained by applying eForm DIR-3, which was originally intended to be a one-time process for anyone wishing to become a director of one or more companies.
However, as a result of an amendment to MCA’s register, all directors with DIN are now required to submit their KYC details in e-Form DIR 3 KYC every year.
As mentioned above, Every director shall inform all the companies in which he/ she is a director, of the DIN allotted to him/her in Form DIR-3B within 30 days of the receipt of intimation of approval of DIN. Similarly, the Secretary and Manager of a company shall inform the company of their Income-tax Permanent Account Number (PAN). The company needs to provide further information about the DIN of the directors to the Registrar in Form DIR-3C within 15 days of receiving the intimation.
Directors are required to submit their KYC details to the MCA if they meet the following conditions, according to recent MCA announcements:
Note that KYC is also required of disqualified directors.
Any DIN holder who is filing his KYC details for the first time with MCA must file all KYC details only through eForm DIR-3 KYC. There is no option for such a person to access the web service for his KYC.
Further, any DIN holder who wants to update any information of his KYC details must update the same through the filing of eForm DIR-3 KYC only.
Any DIN holder who has already submitted eForm DIR-3 KYC in any of the previous financial years and who does not require an update in any of his KYC details as submitted may perform his annual KYC by accessing the DIR-3 KYC web service.
If Form DIR-3 KYC, is filed within the due date of the respective financial year, no fee is payable. However, if filed after the due date, for DIN status ‘Deactivated due to non-filing of DIR-3 KYC a Fee of Rs.5000 becomes payable.
The documents required to file reform DIR 3 KYC is as follows:
We are committed to building a fair, transparent, sustainable and performance driven company for the long-term.
©2022. Trace Quality . All Rights Reserved.