BRIEF ABOUT DIRECTOR'S KYC
In the modern digital era, the Director Identification Number (DIN) serves as a distinctive identifier provided to individuals seeking to serve as directors, as well as those already holding directorship positions within a company. Previously, acquiring a DIN was a straightforward process, requiring the submission of an application via e-Form DIR-3. This was a one-time requirement for individuals aspiring to directorship roles in one or multiple companies. However, in line with the Ministry of Corporate Affairs (MCA) initiative to update its registry, directors holding a DIN are now mandated to annually furnish their KYC details through e-Form DIR-3 KYC.
Every director who has been allocated a DIN on or before the end of the financial year, and whose DIN is in approved status, must file form DIR-3 KYC by 30th September of the following financial year.
FORM DIR-3 KYC
There are two types of e-Form DIR-3 KYC, which are as follows:
DIR-3 KYC – Any director who is filing e-Form DIR-3 KYC for the first time after allotment of DIN or whose details are required to be updated/changed must file this form.
DIR-3 KYC (Web) – Any director who has already filed the e-Form DIR-3 KYC/DIR-3 KYC (Web) in the previous year can file this form when there is no change in his/her KYC details. In this e-Form, the basic details of the director will be pre-filled from the MCA data and, thus, cannot be changed.
PURPOSE OF WEBFORM
Form No. DIR-3 KYC (Web) aims to simplify the process for verification of director’s KYC details. Every individual who holds a Director Identification Number as on 31st March of a Financial year is required to file ‘Form No. DIR-3 KYC (Web)’ for the said financial year to the central government on or before 30th September of the immediate next financial year to validate and confirm the KYC details existing in the MCA21 database.
The service is only a medium of verification of existing details and no update of information is possible through this service. In case any update is required in the existing details of the director, user may submit the updated details in eform ‘Form No. DIR-3-KYC’ instead of this service for submitting KYC.
For process of application click here.