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The Central Government is conducting a drive to get away with the shell companies along with the dishonest directors who are regulating the “benami companies” who are not on the record books. These directors appoint a random person like their drivers, house-helps or gardeners who don’t even know that they are the director of some company. Hence the Know Your Client (KYC) drill is undertaken to identify individuals who are actually responsible for running the affairs of the company. It is mandatory for every director holding a Director Identification Number (DIN) to update his know your client (KYC) details with the Ministry of Corporate Affairs (MCA) in E-form DIR-3 KYC. What is E-form DIR-3 KYC? The MCA has notified the format for director KYC via E-form DIR 3 KYC for updating its database and it is mandatory for any director who has been allotted a DIN on or before 31st March of a financial year and whose DIN is in approved status, to submit director KYC details in E-form DIR-3-KYC to the MCA on or before 30th April of immediate next financial year. What if E-form DIR 3 KYC is not filed within the due date specified? In case, the director who is supposed to file the E-Form DIR 3 KYC to update their director KYC details, does not file it by the end of the due date specified, then the department will mark their DIN as ‘Deactivated’ with the reason of ‘Non-filing of DIR 3 KYC’. Late fees for filing E-form DIR-3 KYC after the due date is Rs5000. What are the Documents required for filing E-form DIR 3 KYC? Following documents are required for updating director KYC:
A declaration has to be provided by the applicant duly attested by practicing professionals like CA, CS or Cost Accountants. What are the steps involved in filing E-form DIR-3 KYC?
Let’s’ look at the steps involved in filing E-form DIR- 3 KYC:
4 Comments
8/23/2021 05:05:15 am
Very delighted to come across this useful article. For the first time if E-Form DIR-3 KYC is filed, for the consecutive years in case there are no changes in E-mail id and Mobile Number, the KYC can be filed through a web-based verification service, where in only Mobile and E-mail OTP will be required from the DIN holder. Since I have gone through your blog and found it informative, I would be glad if you visit my blog and share your valuable comments : https://bit.ly/3mrfDCC
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10/27/2022 09:32:53 am
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1/18/2023 11:50:53 pm
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3/12/2024 07:44:12 am
Registering a company involves legally establishing a business entity with a governing authority, typically a government agency. This process includes selecting a business structure, choosing a name, completing necessary registration forms, and paying associated fees. Proper registration ensures legal recognition and compliance with regulatory requirements, providing a foundation for transparent and effective business operations.
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