DIRECTOR 3 KYC:

From the beginning, we have seen more about the DIN, which is Director Identification Number). The Director or the company owner has to file DIR 3 KYC to obtain or retain his/her DIN. It needs to be filed every year without fail within a deadline.

If a DIN holder is filing his/her KYC details for the first time with the Ministry of Corporate Affairs (MCA) has to file all KYC details only through eForm DIR-3 KYC. It is also to be noted that to update any information regarding the KYC details must be filed only by the filing of eForm DIR-3 KYC and not through the web-services. Only DIN holder who has already updated his/her eForm DIR-3 KYC in the previous years can file the annual KYC in the web services platform. That too on a condition that the updated KYC does not require any modifications.

To file the DIRECTOR 3 KYC, the following documents are required

• PAN card copy (Self-attested)
• Aadhaar card copy (Self-attested)
• Electricity bill/ Bank Statement copy with present address (Self-attested)
• Email ID
• Passport size photograph
• Director digital signature.

Make sure the Aadhaar card is updated with your mobile number correctly. If the registration is for an Indian Company’s Director whose country of origin is foreign, then the Aadhaar card is not needed, but all the other documents are required.

It is necessary for a Director who holds a DIN to update and file the DIR 3 KYC annually without fail. Filing after the due date may lead to the payment of a penalty, and in some cases, the DIN will be deactivated. With this DIN deactivation, one cannot act as a Director in any company. To regain the position as Director, one can file again by paying a penalty fee to the MCA.

It is not possible to file multiple DIR-3 KYC for the same applicant as the DIN issue will be unique, and it keeps track of the KYC updated for the given user. Using this, the system can reject any attempt of multiple entries