Any individual intending to become a Director or Partner in a company or LLP in India must mandatorily obtain a Director Identification Number (DIN).
The DIR e-KYC (Know Your Customer) is an annual compliance process introduced by the Ministry of Corporate Affairs (MCA) to ensure that the details of directors are accurate and up-to-date. Failure to complete DIR e-KYC within the specified deadline leads to the deactivation of the DIN and penalties.
• Individuals holding a valid DIN as of 31st March of the financial year.
• Any individual with an active DIN who has filed DIR e-KYC previously.
• Individuals whose DIN is deactivated due to non-compliance or resignation.
| Form Name | Applicability |
|---|---|
| DIR-3 KYC | For first-time filers (filed with supporting documents) |
| DIR-3 KYC Web | For individuals who have filed DIR-3 KYC previously and have no updates to their details |
• PAN Card (Mandatory for Indian Nationals)
• Aadhaar Card (Linked with Mobile Number for OTP Verification)
• Passport (Mandatory for Foreign Nationals)
• Address Proof (Bank Statement, Electricity Bill, etc.)
• Email ID & Mobile Number (For OTP Verification)
• Proof of Change in Details (if any changes have occurred since the last KYC filing)
a. Visit the MCA Portal (www.mca.gov.in)
b. Download Form DIR-3 KYC
c. Fill in Required Details (Name, DIN, PAN, Aadhaar, etc.)
d. Attach Supporting Documents
e. Authenticate with Digital Signature Certificate (DSC)
f. Upload the Form on MCA Portal
g. Pay Fees (if applicable)
h. Receive SRN and Acknowledgment
a. Login to MCA Portal
b. Select ‘DIR-3 KYC Web’
c. Verify Auto-Filled Details
d. Authenticate via OTP (Aadhaar-Linked Mobile & Email)
e. Submit the Form
f. Receive Acknowledgment
• The due date for DIR e-KYC for FY 2024-25 is 30th September 2024.
• The due date for DIR e-KYC for FY 2025-26 is 30th September 2025.
• If filed after the due date, a late penalty of INR 5,000 is applicable.
• The DIN will be marked as ‘Deactivated due to non-filing’, restricting the individual from acting as a director.
• Deactivation of DIN (Cannot sign documents as a director)
• Monetary Penalties
• Legal Consequences under the Companies Act, 2013
• Mandatory Aadhaar-based authentication for faster verification.
• Automated MCA alerts for directors regarding e-KYC filing deadlines.
• Penalty Reduction Scheme may be introduced for delayed filings (Subject to MCA notification).
Case Study: A Director’s Non-Compliance
Mr. ABC, a director in an IT company, missed the 30th September 2023 deadline for DIR e-KYC. As a result:
• His DIN was deactivated, preventing him from executing board resolutions.
• The company faced compliance issues, delaying financial filings.
• He had to pay a penalty of INR 5,000 before reactivating his DIN.
This case highlights the importance of timely compliance to avoid operational disruptions.
By following this guide, directors can ensure timely compliance with DIR e-KYC regulations, avoid penalties, and maintain their eligibility to serve on company boards.
For professional assistance, reach out to us on email: info@returnfilings.com or on whatsapp: https://wa.me/919910123091 to ensure all statutory obligations are met on time.
