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DIR-3 KYC

 

your customer (alternatively, know your client or ‘KYC’) is the process of a business identifying and verifying the identity of its clients. The term is also used to refer to the bank and anti-money laundering regulations which govern these activities.

Now, Central Government has extended the KYC for Directors as well. Just like Bank KYC, where governments want to know the Director and expect them to submit a yearly intimation about KYC and any changes, if any, in the detail

DIR-3 KYC


For Whom Person DIR-3 KYC is applicable?


Every individual who hold a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall submit e-form DIR-3-KYC for the said financial year to the Central Government
Time Limit: on or before 30th, September of immediate next financial year.

For Whom Person DIR-3 KYC WEB is applicable?


An individual who has already submitted e-form DIR-3 KYC in relation to any previous financial year, submits web-form DIR-3 KYC-WEB through the web service in relation to any subsequent financial year it shall be deemed to be compliance of the provisions of this rule for the said financial year.

In Case of Updation which is applicable :
DIR-3 KYC or DIR-3 KYC WEB ?


An individual desires to update his personal mobile number or the e-mail address, as the case may be, he shall update the same by submitting e-form DIR-3 KYC only.

Consequences for Non filling of DIR-3 KYC or DIR-3 KYC WEB:


The Central Government or Regional Director (Northern Region), or any officer authorized by the Central Government or Regional Director (Northern Region) shall, deactivate the Director Identification Number (DIN), of an individual who does not intimate his particulars in e-form DIR-3-KYC 3[or the web service DIR-3-KYC-WEB.

ATTACHMENTS:


• Proof of Permanent address-like passport, Voter ID card, Driving License, Electricity Bill, Telephone Bill or Aadhaar Card.
Conditional Attachments:
• Copy of Aadhaar Card–In case ‘yes’ is selected in the field “Do you have Aadhaar”
• Copy of Passport–In case ‘Yes’ is selected in the field “Do you have a valid passport”
• Proof of present Address–In case ‘No’ is selected in field “Whether present residential address is same as permanent residential address”.

Additional Supporting’s for the attachments


Self-Attestation by the applicant on all the KYC attachments/documents
Attestation of the documents mentioned above from Practicing Professionals such as CA, CS, or Cost Accountants. In the case of Foreign Nationals, documents need to be attested by the prescribed authority in their Home Country.
A declaration has to be provided by the applicant duly attested by practicing professionals. (optional)





Late Fees for Non-Filing of DIR-3 KYC/ DIR-3 KYC WEB



Particulars Fees
Filing of DIR-3 KYC/DIR-3 KYC Web before due date NIL
Filing of DIR-3 KYC/DIR-3 KYC Web after due date INR 5000