Guide on Director KYC for Companies

DIN means Director identification number allotted to an individual who is a director of the company or LLP. As per MCA guidelines, every director is required to update his KYC in MCA records.

This document covers

1. Persons required to file Director KYC
2. Due Date for Filing Director KYC
3. MCA Fees for filing Director KYC
4. Consequences for delay in filing in Director KYC
5. Frequency of Filing
6. Details Required for Director KYC
7. What Changed ?

1. Persons required to file Director KYC

1. Any person who has been allotted a DIN up to 31st March of Financial year is required to file Director KYC
2. Any Person whose DIN is approved or disqualified as on 31st March

2. Due Date for Filing Director KYC

• The due date for filing director KYC for every financial year is 30th September.
• Every director of the company and partners of the LLP are required to do Director KYC

3. MCA Fees for filing Director KYC

Generally, every ROC form should be accompanied by a government fees. But there is NO Government fees if the director KYC is filed within due date.

4. Consequences for delay in filing in Director KYC

If the directors don’t file the Director KYC within due date,

1. Penalty: There is a penalty of Rs 5000 per each director.
2. DIN will be deactivated and the directors cannot sign any forms

5. Frequency of Filing

Director KYC is a recurring form and it needs to be filed every year.

6. Details Required for Director KYC

Following are the details required for director KYC

1. Copy of PAN
2. Copy of Aadhar
3. Copy of Passport
4. Residential Status and Citizenship
5. Mobile No and email Id

The DIN holder, and a professional (CA/CS/CMA) certifying the form should digitally sign using a DSC (Digital Signature Certificate) in the DIR-3 KYC Form before submitting to MCA portal.

7. What Changed ?

Per Circular released by MCA on 27 Jun 2019 ...

1. Director KYC for Financial Year is a web based verification process where there no change in mobile no. or e-mail address
2. In case there is a change in mobile no. or e-mail address, the DIN holder to file e-form Director KYC also, DIR-6 for updating of change.

In case you need to help in DIR-3 KYC or eKYC done properly, connect with EZTax.in Today!