Director identification number (DIN) refers to a unique identification number of 8 digits allotted to an individual who is willing to become a director or is an existing director of a company.
MCA vide amendment of Companies Rules, 2014 came with a new initiative of updation of KYC of directors in order to have transparency. MCA has mandated for all individuals having DIN to submit their KYC details in e-Form DIR 3 KYC every year.
As per Rule 12A of Companies (Appointment and Qualification of Directors) Rules, 2014, the following individual needs to file form DIR-3 KYC:
Web-based DIR-3 KYC is applicable to those individuals who have submitted the DIR-3 KYC form in the previous year and requires no updation in KYC details in the present year. The user needs to log in on the MCA Portal and update his KYC by verifying the OTP on his mobile and email id. After verifying, submit the form and generate the challan. There is no need for professional certification required in the case of web-based DIR-3 KYC
Yes, if the individual needs to file the DIR-3 KYC form whether he is appointed or not as the director in any company or partner in the LLP, if he possesses a DIN, he must furnish form DIR-3 KYC and update the details.
Yes, the mobile and email id should be unique for every individual and the same has to be verified by OTP.
No, in case of non-residential director/individual foreign number is allowed. In case you enter the Indian number, OTP will not be generated.
In case an individual fails to file the e-Form or web-based form by the due dates (or extended due date), the DIN of such individual is marked as ‘Deactivated due to Non-filing of DIR-3 KYC’ by the Ministry. In such cases, the person is not able to file any form with Ministry or become director in any company. The director can re-activate his DIN by filing the e-Form DIR-3 KYC after paying late fees of INR 5,000.
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