COMPANY LAW Frequently Asked Question on DIR-3 KYC

Frequently Asked Question on DIR-3 KYC

Frequently Asked Question on DIR-3 KYC

Frequently Asked Question on DIR-3 KYC

 

Q.: Who is responsible for completing Form DIR-3 KYC?

Individuals with a DIN on file in their names on March 31 and who did not file Form DIR-3 KYC the previous year are required to file Form DIR-3 KYC this year. In addition, persons already presenting this form are welcome to fill in the form with updated data for the current year and who are prepared to make certain changes in contact information or any other detail.

 

Q.: What is the purpose of filing Form DIR-3 KYC?

The objective is to record the correct details of the DIN holder after the introduction of Form DIR-3 KYC.

  • In some cases, people applying for DIN have provided false information so that the details given earlier can be verified.
  • Recent changes in the address or contact details or other relevant DIN holder information that you must update using the DIR-3 KYC form can happen.

 

Q.: What is the purpose of Form DIR-3 KYC?

The purpose of Form DIR-3 KYC WEB is to simply verify the data entered by the DIN holder in his previous year's Form DIR-3 KYC, provided that the entire data is updated and there are no changes in the data.

 

Q.: What is the MCA's deadline to submit Form DIR-3 KYC?

Persons with DIN on 31 March are required to file Form DIR-3 KYC on or before 30 September of the current month. Those who received their DIN after March 31 of the current financial year must complete the form by September 30 of the next financial year.

 

Q.: When are the deadlines for e-filing Form DIR-3 KYC?

The deadline for verifying and submitting Form DIR-3 KYC is before September 31.

 

Q.: Is it necessary to file an e-form DIR-3 KYC in the current year if one was submitted the prior year?

No, e-form DIR-3 KYC compliance is not required until the DIN holder has made any modifications to the information provided in the previous year's form.

 

Q.: What if the contact information provided by the DIN holder in the previous year's Form DIR-3 KYC has changed?

  • If your phone number, email address, or any other contact information changes over the year, you must fill out Form DIR-3 KYC WEB.
  • If the employee wishes to update his or her permanent address, residential address, passport number, nationality, and so on, he or she must file DIR-6. Once the information in DIR-6 has been verified, it must be updated using the e-form DIR-3 KYC WEB.

 

Q.: What if I received my DIN after March 31 (the previous year) and certain changes in my contact information appear this year?

  • If a person's mobile number, email address, or any other contact information changes during the financial year, he or she must submit Form DIR-3 KYC WEB before September 30.
  • If the individual wishes to update his or her permanent address, residential address, passport number, nationality, and so on, he or she must file DIR-6. Once the information in DIR-6 has been verified, the information must be updated via e-form DIR-3 KYC WEB before September 30.

 

Q.: Is there a penalty for failing to file e-form DIR-3 KYC or Form DIR-3 KYC web by the due date?

The administration has not yet specified the penalty for failure to file e-form DIR-3 KYC, but failure to file e-form DIR-3 KYC or e-form DIR-3 KYC WEB will result in an Rs. 5000 fine.

 

Q.: Other than a penalty, what is the consequence of failing to comply with the regulatory norms of Directors' KYC?

The DIN of the concerned individual will be deactivated if form DIR-3 KYC is not filed or if verification through form DIR-3 KYC WEB (if required) is not completed. Any person with a deactivated DIN is prohibited from completing any online compliance, filing of forms, or other activities that require a DIN. He will no longer be recognized as a director of any Indian corporation. Until the DIN is reactivated, any compliance pertaining to appointment and/or resignation filed with ROC (Form DIR-12) will not be considered genuine.

 

Q.: What are the documents and information that must be attached to Form DIR-3 KYC?

Documents Needed

For Indian residents/ foreign resident

Proof of Permanent Address (Mandatory)

Any 1 (one) from the following: –

  • Passport
  • Aadhar Card
  • Electricity Bill
  • Telephone Bill
  • Utility Bills et.
  • Voter’s Identity Card
  • Driving license
  • Ration Card
  • Bank Statement

Note: Self-attested copies of any of the above documents are needed. Not older than 2 months
1 year for foreign national in case of documents under point (f) to (i) are furnished)

Proof of Present Address
(In case ‘No’ is selected in the field “Whether the present residential address is the same as permanent residential address”)

Any 1 (one) from the following: –

  1. Bank Statement
  2. Mobile Bill
  3. Telephone Bill
  4. Electricity Bill

Note: Self-attested copies of any of the above documents are needed. Not older than 2 months.
1 year for foreign national (mandatory).

Self Attested Copy of Aadhaar Card

Aadhaar is mandatory, in case the applicant is a resident of India (if not received). Voter ID or Passport or Driving Licence.

Copy of Passport (Self Attested)

Mandatory

  1. In applicant has a valid passport
  2. In the case of foreign nationals residing in India, a self-attested copy of Visa along with an arrival stamp is also required

Self-attested copy of PAN

Mandatory, in case, the applicant is a citizen of India

 

Q.: Although a person has obtained the DIN, he is not currently listed as a Director in any company. Is it still required for him to file Form DIR-3 KYC?

If a person is a DIN holder and is appointed or not as a director in any public or private company, or is a partner or not in an LLP, he must submit form DIR-3 KYC and update the details.

 

Q.: Which information must be entered into Form DIR-3 KYC?

Name, Father's Name, Birth Date, PAN Number, Personal Mobile Number, Personal Email Address, and Permanent/ Present Address

Furthermore, if Aadhaar is assigned, it is mandatory. If not, a Voter ID, Passport, or Driver License must be attached. As a result, a copy of any of the following should be attached.

 

Q.: I'm only a company shareholder. Is it necessary for me to file a DIR-3 KYC?

No, only those with a DIN are required to file the DIR-3 KYC.

 

Q.: I'm a director who's disqualified. Is it necessary for me to submit a DIR-3 KYC form?

Yes. Any person who has been assigned a DIN and whose DIN status is "Approved" must complete form DIR-3 KYC. As a result, disqualified directors must additionally file form DIR-3 KYC.

Q.: What are the consequences of not filing eForm DIR-3 KYC?

DIN will be recorded as "Deactivated owing to non-filing of DIR-3 KYC" and will stay in that position till a cost of Rs 5,000 is paid for KYC.

Q.: My DIN status is listed as ‘Deactivated.' Can I submit eForm DIR-3 KYC?

After paying a fee of Rs 5,000/-, Form DIR-3 KYC can be filed for the status ‘Deactivated due to non-filing of DIR-3 KYC.'

 

Q.: Is it permissible to file DIR-3 KYC multiple times?

The system will not allow an applicant to file form DIR-3 KYC more than once. If KYC has already been filed for a DIN and that DIN has entered again, the system returns an error indicating that the form has already been filed.

 

Q.: Who must submit e-Form DIR 3 KYC-WEB?

Web-based DIR-3 KYC is applicable to individuals who submitted the DIR-3 KYC form the previous year and do not need to update their KYC details in the current year.

The user must log in and refresh his KYC on the MCA Portal by checking OTP's mobile identification and email identification. Send the form and generate the challan after verification. In the case of web-based DIR-3 KYC there is no need for professional certification.

 

Q.: A person has acquired the DIN, but is not currently appointed director of any business. Does a person still need to submit a DIR-3 KYC form?

Yes, if a person must file the DIR-3 KYC form, whether or not the director is appointed to a company or to an associate in the LLP, the person who has DIN must file the DIR-3 KYC form and provide updates on this information.

 

Q.: Is it necessary to enter a unique email address and phone number in the DIR-3 KYC form?

Yes, each individual's mobile and email id must be unique, and this must be verified by OTP.

 

Q.: Can a non-resident provide an Indian phone number?

No, a non-residential director/individual foreign number is permitted. If you enter an Indian number, no OTP will be generated.

Disclaimer: The content of this post isn't considered to be professional or legal advice, We aren't responsible for any damages arising from your access to the location content & must not be relied on or used as a substitute for legal advice from a lawyer professional in your jurisdiction. CARajput is among India's big digital compliance services platform which committed to helping people have started & developed their businesses. We had started with the goal of creating it easier for start-ups to start out their business. Our main aim is to assist the businessman with applicable laws & regulations compliance and providing support at each & every level to make sure the business stays compliant and growing continuously. For any query, help or feedback you may in touch on singh@carajput.com or Call or what’s-up on 9-555-555-480

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