Form DIR-3 KYC: What is it?

1. Form DIR-3 KYC: What is it? Form DIR-3 KYC refers to a specific form required by the Ministry of Corporate Affairs (MCA) in India. It is used for the purpose of updating and verifying the personal and professional details of directors of Indian companies. The objective of Form is to maintain an accurate and up-to-date database of directors in order to enhance transparency and corporate governance. Here are some key points to understand about Form DIR-3 KYC: Applicability: Every individual who has been allotted a Director Identification Number (DIN) by the MCA is required to file Form annually. This includes both individuals serving as directors in active companies as well as disqualified directors. Filing Deadline: The due date for filing Form is typically 30th September of each financial year. However, the exact deadline may vary, so it's essential to check the latest notifications and circulars issued by the MCA for any updates regarding the filing deadline. Information Required: Form collects various details of the director, including their full name, address, PAN (Permanent Account Number), Aadhaar Number (unique identification number issued by the Unique Identification Authority of India), passport details (if applicable), contact details, and educational qualifications. Documents and Attachments: The form requires directors to upload supporting documents and attachments for verification purposes. These may include a recent photograph, proof of identity (such as PAN card or Aadhaar card), proof of address (such as passport or utility bill), and digital signature. Certification: The form must be certified by a practising Chartered Accountant, Company Secretary, or Cost and Management Accountant.

2. Non-compliance Consequences: The DIN may become inactive if Form is not submitted by the deadline. This means that the director may be disqualified from serving as a director in any company until the form is filed and the DIN is reactivated. It's important to note that the information provided here pertains specifically to the requirements and processes of Form as per the MCA regulations in India. The compliance obligations and forms may vary in different jurisdictions, so it's always advisable to consult with legal and accounting professionals or relevant authorities for accurate and up-to-date information regarding director KYC requirements in your specific jurisdiction. DIR-3 KYC FORM types Form DIR-3 KYC People who are submitting DIR-3 KYC for the first time must do so using the eForm, which is accessible through the MCA web. Existing DIR-3 filers who need to update their mobile number or email address must also submit this form. DIR-3-KYC-WEB For the DIR-3 KYC form, the MCA portal provides a web service. The web form must be submitted every year after the eForm has been submitted by a person. For DIN holders, the filing process is made simpler by this web form's architecture, which allows for the automatic filling of most fields.