Form DIR-3 KYC Simplifying Director KYC Compliance

In the corporate realm, a Director Identification Number (DIN) stands as a unique identifier for individuals steering or aspiring to lead corporations. To obtain or update this crucial DIN, one needs to navigate the eForm DIR-3 KYC, a process that ensures directorial information is accurate and up-to-date. Recent amendments mandate an annual submission of KYC details through this e-form, adding a layer of diligence to director compliance.

Objective of Form DIR-3 KYC: Primarily, Form DIR-3 KYC serves the purpose of directors informing all companies of their DIN through eForm DIR-3B within 30 days of DIN approval. Companies, in turn, are required to furnish this DIN information to the Registrar through Form DIR-3C within 15 days. This stringent process aids in maintaining a transparent and updated registry of directorial information.

Who Needs to Submit Form DIR-3 KYC: Directors falling under the following criteria are mandated to submit their KYC details:

• DIN assigned on or before March 31, 2018.
• DIN in approved status.
• Additionally, disqualified directors must undergo the KYC process.

Forms at a Glance:

• eForm DIR-3 KYC: Initial KYC filing for DIN holders. Mandatory for first-time KYC submission. Solely accessible through eForm DIR-3 KYC.
• Form DIR-3 KYC Web: For DIN holders with prior eForm DIR-3 KYC submissions. Applicable when no updates are required in contact details. A simplified web service for annual KYC verification.

Applicable Fee for Form DIR-3 KYC: No fee if filed within the due date. After the due date, a fee of Rs. 5,000 is levied for DIN status 'Deactivated due to non-filing of DIR-3 KYC.'

Due Date for Filing Form DIR-3 KYC:

• eForm DIR-3 KYC: 30th September 2022.
• Form DIR-3 KYC Web: 30th September 2022.

Documents Required for Form DIR-3 KYC:

• Nationality details.
• Citizenship information (gender, date of birth, etc.).
• Permanent Account Number (PAN).
• Passport (mandatory for foreign nationals).
• Driving License.
• Aadhaar card.
• Personal mobile and email ID.
• Proof of residential address.
• Voters Identity card.
• Digital signature for form filing.

Procedure to File Form DIR-3 KYC:

1. Download the Form: Acquire the DIR-3 KYC form from the MCA’s website.
2. Fill in DIN Details: Populate the KYC form with the DIN if the status is 'Approved.'
3. Provide Required Information: Name, nationality, age declaration, address, etc.
4. Verify PAN by clicking 'Verify income-tax PAN.'
5. Update Contact Details and Verify OTP: Input and validate phone number and email using OTP.
6. Attested Attachments: Attest and upload required documents. Digital signature by a practicing professional.
7. Authentication of e-Form: Validate the e-Form with a digital signature.
8. SRN Generation: Successful submission generates an SRN for future correspondence.
9. Email Communication: Applicant receives an email acknowledging form receipt.

Key Considerations:

• OTP verification for contact details.
• Mandatory use of digital signatures.
• Certification by practicing CA, CS, or Cost Accountants.

Procedure for Form DIR-3 KYC Web:

1. Log In and Selection: Log in to the MCA portal, select DIN services, and opt for DIR-3 KYC Web.
2. Provide Details: Preloaded DIN details, mobile number, and email ID.
3. OTP Verification: Receive and input OTP for verification.
4. Review and Submission: Check pre-loaded details and submit.
5. Fee and SRN Generation: For timely filing, a zero-fee challan and SRN are generated.

By adhering to these steps, directors can seamlessly navigate the KYC compliance process, ensuring accurate and updated information on their DIN.

[Your Company Name]

[Date]