BBNC

DIR 3 KYC


Individuals who want to become a director or who is already a director or partner in an LLP. Holds a unique Identification number called DIN (Directors Identification Number). DIN is allocated to an individual after filing the e-form DIR-3.
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Overview

Earlier (before 2018) DIR-3 form filing was a single time activity for a director to become or to remain as a director in a company. but now with an update in MCA’s registry, it became mandatory for all directors who hold a DIN to submit their KYC details in e-form DIR-3 KYC every year.

Irrespective of the status of the DIN as approved or disqualified it is mandatory to file DIR 3 KYC for every director every year.

There are two types of DIR-3 KYC

  1. DIR 3 e-form KYC: This form needs to be filed for the first time when an individual becomes director. Also, in that situation when any details of the director changes such as a change in phone number, address, email, etc. To file DIR-3 e-form KYC, a Digital Signature Certificate (DSC) is mandatory.

  2. DIR-3 Web-KYC: This form needs to file for those who have already filed DIR-3 KYC the previous year and do not have any updates in their personal details. Such as Phone no, address, email, etc.



Benefits of DIR 3 KYC

Active DIN Status

If individual files for DIR-3 KYC his DIN Status remain active. If DIR-3 KYC is not done then the DIN of an individual may get disqualified and he/she will not be able to become a director or a partner in any Indian entity for the next 5 years.

Avoid Penalties

If DIR 3 KYC has not been done within the given due date (usually it is September 31) then a penalty of Rs. 5,000/- shall be levied by Ministry. This is a mandatory penalty and cannot be avoided.

Checklist/Requirements

  • Email
  • Phone number
  • PAN Card
  • Aadhar card (with mobile number updated)
  • Electricity bill/Bank statement for address proof
  • Passport size photograph
  • Digital signature certificate
  • How to Register/Process DIR 3 KYC?

    Step 1: Share the required documents and information

    Step 2: We shall process the DIR-3 KYC form

    Step 3: OTP Verification

    Step 4: Sharing Deliverables

    Key Deliverables

    a. Filled e-form

    b. Challan

    DIR 3 KYC

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    Entrepreneur Friendly

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    Experienced Professionals

    All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.

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    Frequently Asked Questions


    Director himself or a person who holds a DIN is liable to complete DIR-3 KYC. Directors who have changed their residential address are liable to fill the form DIR-3 e-form KYC.
    The purpose behind introducing the Form DIR-3 KYC is to record the correct details of the DIN holder
  • There are cases where individuals applying for DIN have furnished wrong information. so, this is to verify the details given earlier.
  • There might be some recent changes in the address or contact details or any other relevant information of the DIN holder. Which he needs to update using Form DIR-3 KYC.
  • Form DIR-3 KYC WEB is simply to verify the data filled by the DIN holder in his previous year’s Form DIR-3 KYC. Provided that the entire data is updated and there are no changes in the data.
    No, e-form DIR-3 KYC is not mandatory compliance until the DIN holder is having any changes in the details, he/she has furnished in the last year’s form. However, DIR 3 WEB KYC form needs to be filled
    No matter if the person is appointed or not as the director in any public or private company or is a partner or not in the LLP. If he is a DIN holder, he must furnish form DIR-3 KYC and update the details.