Provision for filing of form DIR-3 KYC
As per the provisions of Rule 12A of the Companies (Appointment and Qualification of Directors) Rules, 2014, every individual who is allotted DIN as of 31st March of a financial year must submit his KYC on or before 30th September of the immediately next financial year.
In case a director who is supposed to file the e-Form does not file it by 30th September on MCA portal, the department will mark the DIN of such director as ‘Deactivated due to Non-filing of DIR-3 KYC’. If the director wishes to re-activate his DIN in future by filing the missed out e-form DIR-3 KYC, he can do so after paying a late fee of Rs 5,000. This fee would be payable after 30th September of the year in which the e-form DIR-3 is to be filed. This form needs to be filed annually by the directors.
Ministry of corporate affairs (MCA) vide circular no. 09/2022 has relaxed levy of fees on filing of e-form DIR-3- KYC and web form DIR-3-KYC-WEB.
The said relaxation of fees as follows:
MCA allows filing of e-form DIR-3- KYC and web form DIR-3-KYC-WEB without filing fees upto 15th October, 2022.
The above relaxation is a major relief in Corporate Law Compliances and MCA has taken the step on account of request received from various shareholders.
