Do company directors need to file DIR-3 KYC every year?
I am a director of a private company. Is yearly KYC required and what happens if it is missed?
1 Answer
Aicountly Compliance Desk
Compliance
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Yes. Every individual who holds a Director Identification Number (DIN) allotted on or before 31 March must complete DIR-3 KYC by 30 September of the following financial year. This applies to each DIN holder, whether or not the person is currently a director.
If your details have not changed, you can use the web-based DIR-3 KYC with OTP verification of your mobile number and email. If details such as address or mobile number have changed, the DIR-3 KYC e-form is used instead.
If KYC is missed, the DIN is marked 'Deactivated due to non-filing of DIR-3 KYC'. It can be reactivated by filing the KYC with the prescribed fee, currently ₹5,000. Check the MCA portal for the latest requirements before filing.
Aicountly Compliance Desk · 1h ago
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