DIR-3 KYC

What is DIR?

DIR is called Director identification number -DIN which is a unique identification number that is allotted to an individual who wants to be a director or is an existing director of a company.

How DIN can be obtained?

DIN is got by filing an application in e-Form DIR-3, which was initially a single-time process to be carried out by the one who wishes to become a director in one or more than one company.

Who can file DIR-3 Form KYC

Directors are required to submit their KYC details to the MCA if they meet the below-mentioned conditions:

• Director Identification Number (DIN) was allotted to them by or on 31st March 2018
• DIN is in approved status

Do’s while registering the DIR-3 Form

• Director will have to provide their mobile number and email id while filing this e-form. This information will be verified by a One-Time-Password (OTP)
• Directors will have to use their digital signatures for filing this e-Form
• Directors will have to ensure that e-Form is certified by a Chartered Accountant or Cost Accountant or Company Secretary, practicing the profession

Documents Required to File DIR 3 KYC Form

• Details of Nationality
• Details of citizenship like gender, date of birth etc..
• Permanent Account Number (PAN)
• Passport (compulsory when DIN holder is of foreign nationality)
• Driving License
• Aadhaar card
• Personal Mobile and Email ID
• Proof of Residential address.
• Voters Identity card

Besides, above-mentioned documents, directors must also be prepared with the following things:

• His digital signature to file the form
• Attestation of the above-mentioned documents by CA, CS, or Cost Accountants who are practicing the profession. Attestation by the prescribed authorized person in case of Foreign nationalities
• A declaration made by them (applicant/director) properly attested by CA, CS, or Cost Accountants who are practicing the profession

Penalty and Charges

When a director fails to file the e-Form by the due dates (or extended due date) on MCA 21 portal, the DIN of such director is marked as ‘Deactivated due to Non-filing of DIR-3 KYC’ by the department. In such cases, the director can re-activate his DIN by filing the missed out e-Form DIR-3 KYC after paying a late fine of INR 5,000.