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Updation of KYC for Directors

HOW TO UPDATE YOUR KYC 

As part of updating its registry, Ministry of Corporate Affairs (MCA) introduced new eform that is DIR-3 KYC to update KYC of all Directors of all companies annually.

Every director having DIN has been allotted on or before March 31, 2018 should file the e-form DIR-3 KYC on or before August 31, 2018.The Director who is currently  disqualified, but was allotted a DIN needs to file this form.

After the last date, the government will deactivate the DIN of those directors who have not yet completed their KYC. Such persons can reactivate their DIN by filing this form and paying a penalty of  Rs 5,000. 


DOCUMENTS  REQUIRED  TO  FILE DIR-3 KYC:

1. Proof of PAN (Self attested Copy) 
2. Proof of Address- Aadhar Card with updated Mobile number with UIDAI (Self attested Copy) 
3. Latest passport size Photograph 
4. Personal Mobile Number and E-mail ID of directors for OTP Verification 
5. Digital Signature of director (Registered on MCA Portal).
6. In case of NRI passport is mandatory.

NOTE-- You are requested to please reply with your DIN number, our team of expert will assist you in complying the new eform DIR-3 KYC.


THE PURPOSE FOR UPDATING KYC : 

The Central Government is administering a drive to get away with the shell companies along with unethical and dishonest directors who are regulating the “benami companies” who are not on the record books. These unprincipled directors appoint a random person like their drivers, house-helps or garners who don’t even know that they are the director of some company. Hence the KYC  drill is undertaken to sieve only genuine individuals who are responsible for running the affairs of any company.