As part of updating its registry, MCA is conducting KYC of Directors of all companies annually through a new e-form viz. DIR-3 KYC and DIR-3 KYC-WEB.

As per the Companies (Appointment and Qualification of Directors) Rules 2014, “every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC or DIR-3-KYC WEB to the Central Government on or before the due date.

i) e-Form DIR-3 KYC is to be filed by an individual who holds DIN as on 31.03.2019 and is filing his KYC details for the first time or by the Individual holding DIN and who has already filed his KYC once in e form DIR-3 KYC in the previous year but wants to update his details.

ii) Web service DIR-3-KYC-WEB is to be used by the DIN holder who has submitted DIR-3 KYC e form in the previous financial year and no update is required in his details.

Failure to file DIN KYC form each year would result in the DIN of the Director being marked as “Deactivated due to non-filing of DIR 3 KYC” and a penalty of Rs. 5000 would be levied. 

The due date for the purpose of filing Form DIR-3 KYC and DIR-3-KYC-WEB is 30th September, 2019 for the Financial year ended 31.03.2019.