Home >> Blog >> Due date on filing Annual KYC by persons holding Directors Identification Numbers (DIN) extended till 15th September 2018 & Key issues
30 Aug 2018

Due date on filing Annual KYC by persons holding Directors Identification Numbers (DIN) extended till 15th September 2018 & Key issues

While the due date of filing Annual KYC by persons holding DIN has been extended, the following note elaborates key issues relating to the KYC requirements.

As part of updating its registry, Ministry of Corporate Affairs of India (MCA) would be conducting KYC of all Directors of all companies annually through the new eform viz. DIR-3 KYC. The following are the Key Issues relating to the Annual KYC requirements:

Applicability:

Accordingly, every person 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

Due Date of filing:

Extended up to 15th September 2018. (On or before 31st August, 2018 as originally notified).

Key Issues:

With regard to the practical difficulties faced during KYC compliance the MCA has clarified the following:

* While filing the form, the Unique Personal Mobile Number and Personal Email ID would have to be mandatorily indicated.

* In case DIN holder is a non-resident, his foreign address & foreign number shall only be provided.

* The details would be duly verified by One Time Password (OTP). The said OTP would be valid only for 5 minutes from the time it is generated. Therefore, the persons whose KYC is getting filed shall be available to provide OTP and shall be well coordinated with the directors residing outside India.

* The form should be filed using his own Digital Signature Certificate (DSC – Class 2).

* Form should be duly certified by a practicing professional (CA/CS/CMA).

* Filing of DIR-3 KYC would be mandatory for disqualified Directors also.

* Form DIR-3 KYC, if filed within the due date of the respective financial year, no fee is payable. However, if filed after the due date, for DIN status ‘Deactivated’ a fee of Rs.5000 shall be payable.

The payment of additional fee shall not absolve the person holding DIN, from any action which may be taken by the MCA.

Related Post

Share this:
 

Leave a Reply

Your Email address will not be published. Required fields are marked *

*