Why Update your DIR 3 KYC
The Ministry Of Corporate Affairs has issued a notification wherein all the directors of a Company holding DIN (Director Identification Number) are required to update their DIR3 KYC (Know Your Client) documents annually. Provided that anyone who is already holding a Directors Identification number as on 31st March is required to update their KYC by 3oth September for every respective year, failing to file Directors KYC may result in the deactivation of your DIN(Director Identification Number) and the status would remain so until the filling is done. In addition, failing to update the Director’s KYC would also attract penalties. Hence, in order to avoid deactivation and penalties, it is advisable for all the individuals holding a DIN to keep their Director’s KYC updated every year.
DIR 3 KYC Updation Process
Upload Required Documents
One Day
Verify Director Documents
Same Day
Filing DIR 3 KYC Form
Same Day
What Are The Required Documents?
Following are the documents and information required to update your Director’s KYC for the first time :
- Passport Sized photo
- PAN Copy
- Aadhar Copy
- Proof Of Identity(Voter ID/Passport/Driving License)
- Proof of address (Bank Statement/Latest Utility Bill)
- Mobile Number & Mail ID
What will happen if I don’t update my KYC?
Following will be the consequences in case the director holding DIN don’t update their KYC by 30th September:
- The DINs of the Directors failed to update their DIR3 KYC shall be deactivated and shall remain so till the KYC is updated
- Late filing fees of 5000 INR has to be born by the directors in order to activate and file the KYC particulars.