New KYC Norms for Directors by ROC


New KYC Norms for Directors by ROC

Sometime ago, Registrar of Companies (ROC) across India struck off inactive rather non-compliant Companies and disqualified Directors associated with those Companies. Directors associated with these struck off Companies filled several petitions before various high courts on the ground that opportunity of being heard was not provided.

ROC issued notices to Companies concerned but not informed directors associated with them because ROC doesn’t have any database of individual directors. So, as a part of creating database of directors consisting mobile number, email Id and residential address of Directors, Ministry of Corporate Affairs (MCA) issued a new form which is required to be filled every year by every DIN holder.

Form DIR-3 KYC is the annual form required to be filled with the ROC by every Director Identification Number (DIN) holders regardless he is appointed as a director or not, whether he is qualified or disqualified.

Every individual who has been allotted a DIN as on 31st March of a financial year as per the new rules shall, submit e-form DIR-3-KYC to the ROC on or before 30th April of immediate next financial year.

Provided that every individual who has already been allotted a DIN as at 31st March, 2018, shall submit e-form DIR-3 KYC on or before 31st August, 2018.

The ROC shall deactivate the DIN of an individual who does not intimate his particulars in e-form DIR-3-KYC within stipulated time in accordance with new rules.

Filing of DIR-3-KYC is permissible after the due date but only upon payment of Rs. 5,000/- additional fees.

Besides all digital and telephonic contact details following are compulsory attachments to filing your DIR-3-KYC are:

Copy of Proof of Permanent residential address – Aadhar or Passport
Copy of Proof of Present residential address – If different from permanent address

The above attachments must be self-certified by concerned DIN holder and also attested by professionals’ like a Chartered Accountant or Company Secretary.

For any queries, you may reach us at info@gjmco.in

Thanks & Best Regards,
Knowledge Base Team

G J M & Co.
CHARTERED ACCOUNTANTS
Website - www.gjmco.in


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