DIR-3 KYC

DIR-3 KYC filing is a mandatory yearly compliance regulation applicable to all directors having a Director Identification Number (DIN) in India. The MCA developed the regulation to ensure the program is updated and the information is accurate and current. The DIR-3 KYC form is an electronic form that directors must fill out every year to confirm their personal details, contact details, and other applicable information.

The goal of DIR-3 KYC is to develop a database that should contain accurate and up-to-date information about directors across the country. The latter procedure enables checking transparency, avoiding fraud, and achieving a higher level of corporate governance. The Companies govern the process of DIR-3 (Appointment and Qualification of Directors) Rules, 2014, which may be amended as required.

At CompRegi, we understand the significance of complying with the DIR-3 KYC requirement and aiding directors in making the annual filing a simple exercise.

Documents required for DIR-3 KYC

1ID Proof

Scanned copies of

  • PAN Card 
  • Aadhar Card
  • Voter ID
  • Passport
  • Driving License
    of all the directors of the company are needed.

Address Proof

Bank Statement/Utility bill in the name of the Director, not older than 2 months.

Digital Signature Director

Digital Signature of the Director

DIR-3 KYC Cost

We at Compregi believe in complete transparency in the complete registration process of your company. Below mentioned cost structure includes all the necessary government fees required at multiple stages of registration.

ADD/REMOVAL OF DIRECTOR

1499/-
  • Free Consultancy
  • Free Search Check
  • Preview before Filing

DIR - 3 KYC

1499/-
  • Free Consultancy
  • Free Search Check
  • Preview before Filing
  • 100% Peace of Mind

AUDITOR APPOINTMENT

1499/-
  • Free Consultancy
  • Free Search Check
  • Preview before Filing

Why is DIR-3 KYC Required, and for Whom?

The DIR-3 KYC online filing is compulsory for those who have valid Director Identification Number (DIN), the same way DIN is compulsory for all directors in the country. The main subject of the sentence is the “Due Diligence” which is comprised of several parts. The first appears to be the directors of Indian companies; the second, the foreign companies having a place of business in the country; and, finally, the companies incorporated outside India but having directors who are Indian nationals or persons of Indian origin.

The main reasons why DIR-3 KYC form online is required are:

  • To keep the records of directors’ information updated with the MCA.
  • For the purpose of the directors’ data being valid and updated.
  • To prevent the wrong use of DINs and stop the white collar crimes.
  • Improvement in the board of directors’ management and disclosure.

According to the latest MCA notification, DIN holders who were allotted a DIN before March 31, 2018, and whose DINs are ‘Approved’ status, should file DIR-3 KYC. The same rule of non-eligibility is also implemented to the directors with disqualification record.

What are the Required Documents for DIR-3 KYC Filing

For filing your DIR-3 -KYC form, you’ll need the following documents:

Permanent address proof like Voter’s ID, driving license or PAN card.

Current address proof, like utility bills not older than 2 months, rental agreement, etc.

Aadhaar card.

Passport.

Other optional documents.

DSC of the director filing the form (applicant).

DSC, membership number, certificate of practise number of a practising professional, such as CA, CS, or Cost Accountant.

Step-by-Step Process of DIR-3 KYC

Let’s take a look at the steps involved in filing a DIR- 3 KYC:

01
Login to MCA website
Sign in to the MCA website by using the ‘Sign In/Sign Up’ button from the homepage. If you have not signed up on the MCA website, you can register by clicking the ‘Register’ button, providing the necessary details and then logging in by entering the User ID and password.
02
Enter the mobile number and email
Once you are logged in the MCA website, under ‘MCA Services’, click on ‘Company e-Filing’, ‘DIN Related Filings’ and select ‘Form DIR-3 KYC’ or ‘Form DIR-3 KYC Web’. The director on the form should fill in the DIN number, mobile number, and email. OTP will be sent to mobile number and email. Type in the OTP and select ‘Next’.
03
Enter the details in the DIR-3 KYC Form

The director has to enter the below details on the next page:

  • Name
  • Father’s name
  • Nationality
  • Date of birth
  • Gender
  • PAN number
  • Mobile number
  • The OTP has been sent to the mobile number.
  • Email ID
  • OTP sent to email id.
  • Aadhaar number
  • Permanent residential address
  • Present residential address

In case the director is filing e-Form DIR-3 KYC (Web), the details above will be auto-populated. The director will have to fill the details which are not pre-filled.

Note: PAN declaration is compulsory. Upon entering PAN details, director need to click on the ‘Verify income-tax PAN’ button. The details will be validated by the system using the PAN card number. If the foreign nationals do not have a PAN, the name in the form must be the same as the name in the DSC for successful validation.

02
Attachments and e-Form certification
Afterward, the director should submit the necessary documents. Upon the attachment of documents, the director is required to declare that the information provided by him/her is correct on the e-Form DIR-3 KYC and attach his/her DSC. The e-form should also be digitally signed by either a practising CA, CS or Cost Accountant. It is necessary to provide the details of the practising professional and then append his or her digital signature. Lastly, press the ‘Submit’ button for the DIR-3 KYC form to be submitted.

FAQs

What is the applicability of DIR-3 KYC?

All directors allotted a DIN on or before March 31, 2018, and their DINs are in the ‘Approved’ status, apply to DIR-3 KYC. This also covers the directors of Indian companies, foreign companies having a place of business in India, and companies incorporated outside India but having directors who are Indian nationals or persons of Indian origin.

Why is DIR-3 KYC required?

The purpose of DIR-3 KYC is to keep a current record of directors’ information in the MCA database, maintain the accuracy of director details, avoid misuse of DINs, control corporate fraud, and promote corporate governance and transparency.

Is DIR-3 KYC to be filed every year?

Yes, DIR-3 KYC is an annual compliance requirement. The directors should file DIR-3 KYC every year to update their information with MCA.

Is DIR-3 KYC mandatory?

Certainly, all directors who have been allotted a DIN on or before March 31, 2018, and whose DINs are in 'Approved' status, have to file the DIR-3 KYC. Failure to adhere to this requirement can result in fines and de-activation of the DIN.

How to digitally sign DIR-3 KYC?

DIR-3 KYC signing can be digitally carried out by the directors who have a valid Digital Signature Certificate (DSC). Upon completion of the mandatory fields and documents uploads, directors may sign the form digitally using their DSC.

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