Important Note: Please refer to the Updated version of this article here.

Recently the Ministry Of Corporate Affairs has issued a notification wherein all the directors holding DIN are required to update their KYC annually. Provided that anyone who is already holding a Directors Identification number is required to update their DIR 3 KYC by 31^st August 2018, failing to do so may result in the deactivation of your DIN and attract penalties.

What is the process for the KYC Updation For Directors?

You will have to file your KYC information along with the self-attested documents which after being duly certified by a practicing professional is required to be e-filed.

What are the documents required for KYC Updation For Directors?

Following are the documents and information required to update your KYC :

• Passport Sized photo
• PAN Copy
• Aadhar Copy
• Proof of address (Bank Statement/Utility Bill Latest)
• Mobile Number
• Mail ID

How long shall it take?

It shall take no more than two working days to verify and file the KYC.

What will happen if I don’t update my KYC?

Following will the consequences in case the director holding DIN don’t update their KYC by 31^st August:

• DINs shall be deactivated and shall remain so till the KYC is updated
• Late filing fees of 5000 INR has to be born to activate and file the KYC particulars.

Other Frequently Asked Questions

I just registered a new company is I required to update my KYC?

Any director who has been allotted a Directors Identification Number on or before 31^st March 2018 are required to update their KYC by 31^st August. This means if you were allotted your DIN after 31^st March 2018 you are required to update your KYC by 30^th April 2019.

I am a director in an LLP am I required to get my KYC updated as well?

Yes, a person holding a DIN (Directors Identification Number) irrespective of holding directorship in a Limited Liability Partnership or a Private Limited Company is required to get their KYC updated.

I am the sole director of my OPC, does this apply to me?

Yes even if you are a director of an OPC you are required to get your KYC updated.

I was disqualified as a director, am I required to update my KYC?

As per our understanding of the notification anyone holding a DIN irrespective of them being disqualified is required to get your KYC updated.

Can I do it on my own?

Professional certification is mandatory, so no it has to be filed by a practicing professional.

Our team of professionals can get your KYC updated at the best price(Starting at 599 INR), click here to book your slot.