MCA Director KYC (DIR-3 KYC): Mandatory for Each Directors

As per the Companies Act 2013, every company director having DIN allotted before 31st March 2023 must complete the MCA Director KYC. This process is known as the MCA Director KYC or DIR-3 KYC process. The DIR-3 KYC is a crucial compliance requirement that ensures the authenticity and credibility of the company’s directors. Non – Filing of Director KYC will attract penalty at INR 5000/-

Fee for Director KYC or DIR 3KYC

₹ 999 /-

Mandatory Compliance for all those whose DIN allotted Before 31st March 2023

What is MCA Director KYC or DIR 3 KYC?

Director KYC or DIR 3 KYC refers to the process of verifying the identity of a company director in India. It is a mandatory requirement for all directors of companies registered with the Ministry of Corporate Affairs (MCA) to complete their KYC process through the DIR 3 KYC form.

The DIR 3 KYC form is filed annually by the director to update their personal and professional information with the MCA. This includes details such as their name, date of birth, PAN number, Aadhaar number, passport number (if applicable), and contact information.

The purpose of the DIR 3 KYC process is to ensure that the information of the company’s directors is up-to-date and accurate, which helps to prevent fraudulent activities and ensures compliance with the regulatory requirements of the MCA.

Why is MCA Director KYC important?

MCA Director KYC is important because it helps to ensure the security and credibility of companies. It helps to prevent fraudulent activities such as money laundering, terrorist financing, and other illegal activities that may be associated with companies. By conducting KYC checks, the MCA can verify the identity of the directors associated with the company and ensure that they are not involved in any illegal activities.

Additionally, MCA Director KYC helps to maintain the accuracy of the MCA database. The database contains important information about all the companies registered in India, and it is important to ensure that this information is accurate and up-to-date. By conducting regular KYC checks, the MCA can ensure that the information in the database is accurate and reliable. Non Filing of MCA Director KYC can result into penalty of Rs.5000/- .

How to file dir 3 kyc or Director KYC?

Complying with MCA Director KYC or Dir 3 Kyc is a simple process that can be completed online. The following are the steps involved in complying with MCA Director KYC:

Visit the MCA portal: The first step in complying with MCA Director KYC is to visit the MCA portal (www.mca.gov.in).
Login/Register: If you are already registered with the MCA portal, you can log in using your credentials. If not, you can register as a new user.
Enter DIN: Once you are logged in, you need to enter the Director Identification Number (DIN) of the director you want to verify.
Verify OTP: After entering the DIN, you will receive an OTP on your registered mobile number and email address. You need to enter the OTP to proceed.
Provide details: Once the OTP is verified, you need to provide the personal details and address of the director.
Upload documents: You also need to upload scanned copies of the director’s PAN card, Aadhaar card, and passport size photograph.
Submit: After providing all the necessary details and uploading the documents, you need to submit the form.

What is Director KYC Due Date or DIR 3 KYC due date ?

Director KYC due date is an essential compliance requirement for companies in India. The Ministry of Corporate Affairs (MCA) has made it mandatory for all companies to file Director KYC forms every year. The due date for Director KYC filing is 30th September of every year.

It is crucial to comply with the Director KYC due date to avoid penalties and legal issues. Non-compliance with the due date can result in the disqualification of the director, and the company may also face penalties and fines.

Who has to File DIR 3 KYC or Director KYC ?

Every director who has been allotted a DIN on or before the end of the financial year, and whose DIN is in approved status, is required to file Form DIR-3 KYC before 30th September of the immediately next financial year. This is a mandatory requirement under the Companies (Appointment and Qualification of Directors) Rules, 2014.

The term “DIR 3 KYC” or “Director KYC” refers to the same form. It is a form that is used to collect the KYC (Know Your Customer) information of directors of companies. The information that is collected includes the director’s name, address, PAN, date of birth, educational qualification, and other details.

The purpose of Director KYC is to:

Prevent fraud and money laundering
Ensure that directors are who they say they are
Improve the transparency of corporate governance

Penalty on Non - Filing of DIR-3 KYC

If a director does not submit Form DIR 3 KYC before the Due Date that is 30th September 2023 , their DIN will be deactivated. They will be unable to carry out company functions such as signing documents or attending board meetings. In addition, they will face a Rs. 5,000 fine.

Frequently Asked Questions

What is the due date of DIR 3 KYC?

The filing of director KYC in DIR-3 (KYC) already begun on 1st April 2023 and the last of filing the same is 30th September 2023. If not filed within its due date then it would attract an additional fee or fine of Rs 5000/- for each defaulting partner

What is the mandatory Information for DIR-3 KYC?

For filing the directors KYC, you should have following information

Unique Personal Mobile Number
Personal Email ID.
OTP on Email ID and Mobile No.

Whether Disqualified Directors required filing DIR-3 KYC?

Yes, Filing of DIR-3 KYC would be mandatory for Disqualified Directors also

What happens if a director fails to file DIR 3 KYC?

MCA21 system will mark all approved DINs (allotted on or before 31st March 2023) against which DIR-3 KYC form has not been filed upto 30th September 2023 as ‘Deactivated’ with reason as ‘Non-filing of DIR-3 KYC’.

Consequences of filing of DIR 3 KYC or Director KYC after the due date?

After the due date filing of DIR 3 KYC is over, the DIN is marked as deactivated. For such inactive DIN directors KYC can be filed after payment of late filing fee of Rs. Rs. 5,000/- only, without prejudice to any other action that may be taken.

Who has to File DIR 3 KYC?

Every Director who has been allotted DIN as on or before 31st march 2023, must submit e-form DIR-3KYC with the central government.

If a person is not holding Directorship anywhere for the whole year or years. Whether such a person is required to file DIR-3 KYC every financial year?

Yes, even a person is not holding directorship in any Company, such a person is also required to file DIR-3 KYC every financial year within its due date.

Whether it is mandatory for a person to have a DSC to file DIR-3KYC?

Yes It is mandatory to affix DSC of Director on his e-form DIR-3 KYC.