Introduction
The Director Identification Number (DIN) is the special ID you need to become a director in any company. In the past, obtaining a DIN was a one-time process with e-Form DIR-3, but now, in order to maintain your active and up-to-date DIN, you must annually file your KYC information using e-Form DIR-3 KYC. Ensure your information is kept current and secure by regularly updating it with the Ministry of Corporate Affairs (MCA) to maintain an up-to-date registry.
Purpose of the Form DIR-3 KYC
The yearly update through Form DIR-3 KYC ensures everything stays current and running smoothly! After obtaining their DIN, directors are required to inform all their companies about it using Form DIR-3B within a month. At the same time, the Secretary and Manager of the company must provide their PAN to the company. Following receipt of this information, the company must provide the Registrar with the directors’ DIN details using Form DIR-3C within a 15-day period. The main focus is maintaining alignment within the business world and making sure all documents are current!
Who is required to submit Form DIR 3 KYC?
Directors must complete Form DIR-3 KYC if their DIN was allotted on or before March 31, 2018, and is presently in approved status. Two kinds of e-Form DIR-3 KYC should be noted.
- DIR-3 KYC: This is applicable to directors who are submitting for the first time since they received their Director Identification Number (DIN) or require modifications to their KYC information. If this is your initial experience or if there have been modifications, this is the necessary form.
- DIR-3 KYC (Web): This is for directors who have previously submitted the DIR-3 KYC or DIR-3 KYC (Web) in the past year and have not made any changes to their information. This form automatically populates basic details from the MCA’s records, allowing you to easily verify the accuracy of your information.
Applicable Fee for form DIR-3 KYC
Submitting Form DIR-3 KYC promptly is essential in order to prevent incurring penalties. There is no charge if you submit it by the deadline. If you fail to meet the deadline and your DIN status is ‘Deactivated due to non-filing of DIR-3 KYC,’ you will be charged a fee of Rs. There will be 5,000 applicants.
This is the schedule for submitting:
- DIR-3 KYC : For directors requiring to update their KYC information or submitting it for the first time. Make sure to submit it by September 30, 2022, if you possess a DIN on March 31, 2022, and have not previously submitted it or have updates to your email or mobile number.
- DIR-3 KYC (Web) : Intended for directors who have previously submitted DIR-3 KYC and have not made any updates to their email or mobile number. This document must also be submitted by September 30, 2022.
Ensure your KYC information is current to remain in compliance and prevent incurring additional expenses!
Documents Required
In order to submit Form DIR-3 KYC, you will require several important documents:
- Details of nationality: Such as gender, date of birth, etc.
- Permanent Account Number Card
- Foreign nationals must have a passport.
- Driver’s License
- Identification Card
- Individual Cell Phone Number and Email Address
- Verification of Domicile
- Card for voter identification
Make sure you also have:
- Electronic Signature: To submit the form electronically.
- Certification: Chartered Accountants, Company Secretaries, or Cost Accountants need to certify the documents. Foreign nationals require a signed statement from an approved individual.
- Statement: Endorsed by the applicant/director and verified by a Chartered Accountant, Company Secretary, or Cost Accountant.
Have these prepared to guarantee a seamless filing experience!
The process to file DIR 3 KYC Form
Step 1: Get the Form by downloading it.
Begin by downloading the DIR-3 KYC form from the MCA website. This is your pass to ensure your DIN information remains current.
Step 2: Enter Your DIN Information.
Enter your DIN only if it is in the ‘Approved’ status. If your DIN was turned off for not filing, you can reinstate it by filling out the form and paying the overdue fee.
Step 3: Finish filling out the DIR-3 KYC Form.
- Full Name and Identification: Provide your complete name as stated on your PAN card. Refrain from using abbreviations or shortened versions.
- Country of origin: State your nationality. Foreigners are required to provide their passport information.
- Age Verification: Enter your date of birth in the format DD/MM/YYYY. Only people who are 18 years old or older are eligible to submit.
- Permanent Address: Please provide your permanent address along with supporting documentation. If your present address is different, make sure to add that too.
Step 4: Confirm Your PAN
Input your PAN number and select ‘Verify income-tax PAN’ for verification. The system will verify it by comparing it with the PAN database. Make sure that the name on the digital signature certificate (DSC) matches the name on the form for non-resident individuals who do not have a Permanent Account Number (PAN).
Step 5: Revise and Confirm Contact Information
Include both your phone number and email address. Confirm their identities with one-time passwords sent to each of them. Please be aware that OTPs can only be requested a maximum of 10 times each day.
Step 6: Connect files and verify authenticity.
Submit the authenticated papers and electronically sign the document. Make sure the form is validated by a Chartered Accountant, Cost Accountant, or Company Secretary using their digital signature.
Step 7: Send and Produce SRN.
Press ‘Submit’ to complete the process. You will be given a Service Request Number (SRN) to use for future reference.
Step 8: Verification through Email
You will receive an email confirmation upon receipt. Once this is received, your DIR-3 KYC submission is finished!
1. Do not change the meaning of the text.
2. Use synonyms or rephrase the sentences while maintaining clarity.
3. Focus on restructuring the sentences while keeping the same number of words.
Note:
- It is necessary to always utilize your digital signature.
- Make sure that all information aligns with the DSC to facilitate the verification process.
- It is crucial to have certification from a professional who is currently working in the field.
- Procedure to File Form DIR-3 KYC WEB
The procedure to File Form DIR-3 KYC Web is explained in detail below:
Follow these simple steps to submit Form DIR-3 KYC Web.
- Sign In: Begin by signing into the MCA portal using your login details. Go to the MCA Services section and choose “DIN Services”.
- Pick DIR-3 KYC Web: Select “DIR-3 KYC Web” from the options.
- Input Information: The form will automatically populate your DIN, cellphone number, and email address. Confirm this information.
- Confirm OTP: Select “Send OTP”. Input the one-time password sent to both your mobile number and email address in order to verify your identity.
- Review and Submit: Carefully examine the information pre-entered. After verifying, click on the “Submit” button.
Generate SRN by filing before September 30th to obtain a zero-rupee challan and an SRN for documentation.
That is all! You have completed the filing of DIR-3 KYC Web. Fast and simple!
“TMWALA” is here to help!
It is essential to have Form DIR-3 KYC updated to maintain the validity of your Director Identification Number (DIN). In the past, getting a DIN was a one-time task, but now directors are required to update their KYC details annually using this form to remain compliant. If your DIN was allotted on or before March 31, 2018, and is approved, you must file Form DIR-3 KYC or DIR-3 KYC (Web) by September 30, 2022, to prevent a penalty of Rs. Late fee of five thousand. Required documents include PAN card, Aadhaar card, address proof, and in the case of foreign individuals, a passport is necessary. To begin, you must download the form, fill in your DIN and personal information, confirm your PAN, update your contact details with OTPs, provide certified documents, and lastly, submit it to obtain an SRN. The DIR-3 KYC Web option makes it easier by automatically entering information for individuals with no changes. “TMWALA” is equipped to assist with submitting forms, certifying documents, and monitoring due dates to keep you informed and penalty-free for seamless filing and compliance.
Important FAQs
Certainly! Here are 8 important FAQs related to Form DIR-3 KYC:
- What is Form DIR-3 KYC and why is it necessary?
Ans. Form DIR-3 KYC is used to update and maintain the Director Identification Number (DIN) with the Ministry of Corporate Affairs (MCA). It ensures that a director’s details are current and accurate in the MCA registry. Annual submission is required to keep the DIN active and avoid penalties.
- Who needs to submit Form DIR-3 KYC?
Ans. Directors whose DIN was allotted on or before March 31, 2018, and is currently in approved status must submit Form DIR-3 KYC. There are two types: DIR-3 KYC for first-time filers or those needing updates, and DIR-3 KYC (Web) for those with unchanged information from the previous year.
- What documents are required to file Form DIR-3 KYC?
Ans. Essential documents include PAN card, Aadhaar card, proof of address, and a passport for foreign nationals. Additionally, you need a digital signature and certification from a Chartered Accountant, Company Secretary, or Cost Accountant.
- What is the deadline for submitting Form DIR-3 KYC?
Ans. The deadline for submitting Form DIR-3 KYC or DIR-3 KYC (Web) is September 30, 2022. Failing to submit by this date will result in a late fee of Rs. 5,000 if your DIN status becomes ‘Deactivated due to non-filing.’
- What is the process for filing Form DIR-3 KYC?
Ans. Download the form, enter your DIN and personal details, verify your PAN, update contact information with OTPs, attach certified documents, and submit the form. Upon successful submission, you’ll receive a Service Request Number (SRN).
- What if I am a foreign national?
Ans. Foreign nationals must provide their passport details and ensure that their documents are certified by an authorized person. Additionally, they must align their name on the form with their digital signature certificate (DSC).
- What is the difference between DIR-3 KYC and DIR-3 KYC (Web)?
Ans. DIR-3 KYC is for directors submitting for the first time or updating information, while DIR-3 KYC (Web) is for those who have filed in the previous year with no changes in their details. DIR-3 KYC (Web) auto-populates information for ease of verification.
- How can “TMWALA” assist with the DIR-3 KYC filing?
Ans. “TMWALA” can streamline the filing process by handling form submissions, document certification, and deadline monitoring. This ensures compliance and prevents penalties, making the filing experience efficient and hassle-free.
