DIN eKYC Filing

DIN eKYC (eForm DIR-3 KYC) is a mandatory annual compliance requirement for all directors who were allotted a DIN by or on 31st March 2018 and whose DIN is in approved status. This filing ensures that the information provided by directors is accurate and up-to-date.

Key Points about DIN eKYC:

• Purpose:
  • To verify the identity and address of directors.
  • To maintain an accurate and updated database of directors.
  • To prevent fraudulent activities and misuse of DINs.
• Who Needs to File:
  • All directors who were allotted a DIN by or on 31st March 2018.
• When to File:
  • The due date for filing DIR-3 KYC is September 30th of each year.
• Information Required:
  • Personal details of the director, including name, date of birth, PAN, Aadhaar number, etc.
  • Contact information, including address, phone number, and email address.
  • Passport details (if applicable).
  • Details of directorships held in various companies.
  • Declaration of compliance with the Companies Act, 2013, and other relevant rules and regulations.
• How to File:
  • DIR-3 KYC can be filed electronically through the Ministry of Corporate Affairs (MCA) portal.
  • It's advisable to consult with a professional or use a reliable online filing platform to ensure accurate and timely filing.

Penalties for Non-Compliance:

Non-compliance with DIR-3 KYC filing can result in significant penalties, including:

• Deactivation of DIN: The DIN of the non-compliant director may be deactivated.
• Imposition of Fines: Heavy fines can be imposed for late or non-filing of the form.
• Legal Actions: In severe cases, legal action may be initiated against the non-compliant director.

Importance of Timely Filing:

• Compliance: Timely filing ensures adherence to legal requirements and avoids penalties.
• Maintaining Active DIN: It helps maintain the active status of the DIN and avoid complications in future dealings.
• Regulatory Compliance: It helps regulators monitor the activities of directors and prevent fraudulent activities.