KYC simply means “Know Your Customers”. From the Companies perspective, Director’s KYC is the process of identification and verification of directors contact details on regular interval of time. This KYC enables the MCA portal to maintain the updated data of contact details of directors. Contact details of directors include their Email id and Mobile Number.
Director's KYC (Know Your Customer) is a mandatory annual compliance requirement under the Companies Act, 2013. All directors holding an approved Director Identification Number (DIN) must complete Form DIR-3 KYC verification through the MCA portal by September 30 each financial year. This process validates director's personal details including name, address, and contact information. Non-compliance results in DIN deactivation, preventing directors from filing forms or performing official duties. Our expert team ensures seamless KYC completion, avoiding penalties and maintaining your directorship status.
Directors are required to undergo KYC, which is a mandatory process under the Companies Act, 2013. This implies that all directors possessing a Director Identification Number (DIN) must verify themselves through the MCA (Ministry of Corporate Affairs) portal. This verification verifies the correctness and timeliness of the director’s details, such as his name, address, and contact information.
Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is ‘Approved’, would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year.
After expiry of the respective due dates, system will mark all non-compliant DINs against which DIR-3 KYC form has not been filed as ‘Deactivated due to non-filing of DIR-3 KYC’.
Failure to complete KYC leads to:
Attestation of the documents mentioned above from Practicing Professionals such as CA, CS, or Cost Accountants. In the case of Foreign Nationals, documents need to be attested by the prescribed authority
Step-by-Step Process for Filing DIR-3 KYC (First-Time Users)
AND, If you have already performed KYC through filing of above form then for subsequent years, you simply need to carry out “WEB BASED DIRECTOR’S KYC“. In this way of performing KYC, one only need to enter OTP on MCA portal where OPT verification will be checked. A successful verification of OTP will lead to generate the challan cum receipt which confirms the KYC completion.
Logging into the MCA portal
Generating the acknowledgment receipt
