Director's KYC in Surat
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What is Director’s KYC?
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.
Who Needs to File Director’s KYC?
Every director who has been allotted a DIN on or before the end of a financial year and whose DIN status is “Approved” must file Form DIR-3 KYC before September 30 of the following financial year.
If the KYC is not completed within the deadline, the DIN will be deactivated, and the director will be unable to file forms or perform official duties until compliance is restored.
What Happens if Director’s KYC is Not Filed?
Failure to complete KYC leads to:
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DIN Deactivation: The director’s identification number is marked as "Deactivated due to non-filing of DIR-3 KYC".
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Restricted Access: The director cannot file any forms or certify documents on behalf of their company.
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Possible Disqualification: Prolonged non-compliance may lead to the director being declared disqualified.
What Documents Are Required for Director’s KYC?
To complete the KYC process, directors need to provide:
Nationality and citizenship details (gender, date of birth)
Permanent Account Number (PAN)
Voter ID card
Passport (mandatory for foreign directors)
Driving License
Aadhaar Card
Personal mobile number (for OTP verification)
Personal email ID (for OTP verification)
Residential address proof
Digital signature of the individual filing the form
Certification by a practicing Chartered Accountant (CA), Company Secretary (CS), or Cost Accountant For foreign nationals, documents must be attested by the prescribed authority.
How to Complete Director’s KYC?
Step-by-Step Process for Filing DIR-3 KYC (First-Time Users)
1. Download Form DIR-3 KYC from mca.gov.in
2. Fill in the required details: DIN, PAN, name, nationality, address, mobile number, and email ID
3. Verify your mobile number and email ID using OTP verification
4. Attach the necessary documents
5. Digitally sign the form
6. Upload the form on the MCA portal
What Happens When You Don't File the Forms on Time?
If you don’t submit the required forms by the deadline, you’ll face penalties:
Late Fee:
You’ll have to pay INR 100 for each day you delay filing.
On the Company:
INR 1,000 per day, subject to a maximum of INR 10 Lakhs.
On Every Officer in Default:
INR 1 Lakh, plus INR 100 per day of delay, subject to a maximum of INR 5 Lakhs.
For Directors Who Have Previously Filed KYC
If the director has already completed DIR-3 KYC, they can simply complete WEB-Based Director’s KYC by: