IMP: UPDATE ON KYC OF DIRECTORS

UPDATE ON KYC OF DIRECTORS

 

 

ü WHY: As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new e-form viz-DIR-KYC

 

ü FORM: DIR-3 KYC will be notified shortly.

 

ü WHO: Accordingly, every Director who has been allotted DIN on or before 31st March, 2018 and whose DIN is in 'Approved' status, would be mandatorily required to file form DIR-3 KYC. Filing of DIR-3 KYC would be mandatory for Disqualified Directors also.

 

ü WHEN: On or before 31st August,2018.

 

ü HOW: While filing the form, the Unique Personal Mobile Number and Personal Email ID would have to be mandatorily indicated and would be duly verified by One Time Password (OTP).

 

ü FILING AND CERTIFICATION: The form should be filed by every Director using his own DSC and should be duly certified by a practicing professional (CA/CS/CMA).

 

Note: After expiry of the due date by which KYC form is to be filed, the MCA21 system will mark all approved DINs(allotted on or before 31^st March 2018) again which DIR-3 KYC form has not been filed as 'Deactivated' with reason as 'Non-Filing of DIR-3 KYC. After the due date filing of DIR-3 KYC in respect of such deactivated DINs shall be allowed upon payment of a specified fee only, without prejudice to any other action that may be taken.

 

Regards,
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CA.C.V.PAWAR