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KYC Of Directors

The MCA has notified the format of E-form DIR-3 KYC under new Rule 12A, vide the ‘Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018’, via notification dt.05.07.2018 applicable w.e.f. 10 July, 2018.

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  • As per these rules, individuals who have been allotted a Director Identification Number (DIN) as on 31st March of a financial year shall submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial year.

    Every individual who has already been allotted a Director Identification Number (DIN) as at 31st March, 2018 shall submit E-form DIR-3 KYC on or before 31st August, 2018.

    The form should be filed by every Director using his own DSC and should be duly certified by a practicing professional (CA/CS/CMA).

    In case, a director failed to intimate his particulars in E-Form DIR-3 KYC within stipulated time in accordance with Rule 12A, then the Director’s Identification Number (DIN) of directors shall be Deactivated and the MCA21 system will mark all approved DINs (allotted on or before 31st March 2018) against which DIR-3 KYC form has not been filed as ‘Deactivated’. However, the de-activated DIN shall be Re-activated only after filing of E-form DIR-3 KYC along with prescribed fees as prescribed under Companies (Registration Offices and Fees) Rules, 2014. Secondly, Late Fees Penalty amount to Rs. 5,000 from 1st of September, 2018 will be levied.