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Every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a FY, shall submit KYC to the Central Government on or before 30th June of immediate next FY. Therefore, KYC shall require to be updated every year.

DIN KYC

The Ministry of Corporate Affairs has made KYC of DIN holders mandatory by Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018 w.e.f. 10^th July 2018.

Every individual who has been allotted a Director Identification Number (DIN) as on 31^st March of a FY, shall submit KYC to the Central Government on or before 30^th June of immediate next FY. Therefore, KYC shall require to be updated every year.

Further, the individual who has already been allotted a DIN as at 31^st March 2018, shall update KYC on or before 31^st August 2018.
Therefore, all existing DIN holder(s) shall have to update KYC with Central Government before 31^st August 2018.

Requirements:

1. Director Identification Number
2. Digital Signature
3. Self-Attested Copy of PAN & Aadhaar
4. Self-Attested Copy of Address Proof
5. Self-Attested Copy of Passport (Mandatory in case Individual have passport)
6. Coloured Apostilled Copy of Passport & ID/ Address Proofs, in case of Foreign National
7. Mobile Number
8. e-Mail Id
9. Nationality
10. Residential Status

The KYC is required to be updated electronically in form DIR-3KYC, which shall be certified by a Company Secretary or Chartered Accountant or Cost Accountant. These professionals shall certify that:

1. Identity of the DIN Holder,
2. Authenticity of ID & Address Proofs,
3. Mobile and e-Mail belong to the DIN holder, etc.

Such professional shall equally be liable to the penal provisions as the DIN Holder in case of wrong information or documentation or fraud.

Government Fee: No government fee if KYC is submitted within due date, else Rs. 5,000/- shall be charged by the Government as penalty.

Consequence of Not Filing the KYC form: The Government would deactivate the DIN and person cannot act as Director and would lead several Practical difficulties.

Having DIN but Not Acting as Director: If an individual has DIN but doesn’t hold directorship in any company or had never been appointed as director, shall also be required to update the KYC.

Disqualified Directors: All directors who have been disqualified to act such, shall also be required to update the KYC.

If your PAN details don't match with the details mentioned in DIN then you are required to update your details accordingly either in PAN or DIN.

For any further query and clarification, please feel free to contact us.