NOW DIN KYC IS TO BE DONE ONCE IN THREE YEARS AND NOT EACH YEAR – MCA UPDATE

 NOW  DIN KYC  IS TO BE DONE ONCE IN THREE YEARS AND NOT EACH YEAR – MCA UPDATE

KEY UPDATE ON DIN KYC FREQUENCY

Previously an annual requirement, DIN KYC filing is now required on or before the 30th of June of the immediately following "every third consecutive financial year". This means the filing obligation has changed from annual to once every three years.

WHO MUST FILE:

Every individual who holds a DIN as of March 31st of a financial year must comply with the KYC requirements, regardless of whether they are an active director or the DIN is in an "Approved" or "Disqualified" status.

FILING METHOD:

If a director needs to update any details (e.g., permanent address, nationality), they must file the comprehensive e-Form DIR-3 KYC.

If there are no changes to the pre-filled contact details (mobile number and email address), the director can use the simpler web-based Form DIR-3 KYC-Web.

UPDATING DETAILS WITHIN THE PERIOD:

For changes in mobile number, e-mail address, or residential address, the relevant form (usually DIR-3 KYC Web) must be submitted within 30 days of the change, along with prescribed fees.

PENALTIES:

Failure to file the required KYC form by the due date results in the DIN being marked as "Deactivated due to Non-filing of DIR-3 KYC". The DIN can be reactivated by filing the pending form and paying a late fee of ₹5,000.

 

R V SECKAR FCS, LLB 79047 19295