Explore all the details you need about DIN Reactivation - Filing Form DIR-3 KYC, tailored for your needs.
Director Identification Number (DIN) is a crucial identifier for directors in Indian companies. It's issued by the Ministry of Corporate Affairs (MCA) and tracks individual involvement in corporate governance. Directors must update their KYC details annually through the DIR-3 KYC form with the MCA, failing which their DIN gets deactivated, restricting their corporate roles.
At Solocorp, we specialize in helping directors reactivate their DIN with ease. Our expert team guides you through the entire process, handling the paperwork and providing advice to ensure a seamless and quick DIN reactivation, even if a late fee applies.
A Director Identification Number (DIN) is a compulsory requirement for a company's current and prospective directors. This 8-digit Unique Identification Number is assigned to directors following the guidelines established by the amendment to the Companies Act. Once issued, a DIN remains valid for the lifetime of the director.
Form DIR-3 KYC is an electronic form mandated by the Ministry of Corporate Affairs (MCA) to update the KYC (Know Your Customer) details of individuals who have been allotted a Director Identification Number (DIN).
Form DIR-3 KYC is a mandatory filing requirement under the Companies (Appointment and Qualification of Directors) Rules, 2014. It applies to individuals allotted a Director Identification Number (DIN) by or before March 31st, 2018, and whose DIN status is 'approved'.
The purpose of this form is to conduct the annual KYC (Know Your Customer) process for directors and must be submitted to the Registrar of Companies (ROC). This form is essential for maintaining current and accurate director information with the ROC, including addresses, contact numbers, and email addresses.
The deadline for filing Form DIR-3 KYC is set as September 30th of each year. However, this due date is subject to any extensions that may be granted.
Form DIR-3 KYC has two versions: DIR-3 KYC eForm and DIR-3 KYC Web. Both are used for the annual KYC process but cater to different filing needs.
First-time filers must use the eForm DIR-3 KYC, accessible on the MCA portal. This form is also required for existing filers updating their mobile number or email address.
The DIR-3 KYC web form is a simplified version for DIN holders who have previously filed a DIR-3 KYC eForm. It is accessible through the MCA web service and pre-fills most information, making annual DIR-3 compliance more efficient.
A fine of INR 5,000 is imposed on individuals who fail to comply with the filing requirement within the stipulated timeframe.
A fine of INR 5,000 is imposed for non-filing of Form DIR-3 KYC.
If a director fails to submit e-Form DIR-3 KYC by the 30th of September on the MCA 21 portal, their Director Identification Number (DIN) will be marked as 'Deactivated due to Non-filing of DIR-3 KYC' by the department.
Every holder of a Director Identification Number (DIN) whose DIN has been deactivated due to non-compliance with the DIR-3 KYC filing requirement must file the e-form DIR-3 KYC or complete the KYC process through the designated web service, along with paying the applicable fee. This needs to be done for DIN reactivation.
After the DIR-3 KYC form is submitted, it undergoes a Straight Through Processing (STP) for approval.
Upon successful approval, the system automatically reactivates the deactivated DIN. This process ensures that all directors maintain up-to-date KYC information as per regulatory requirements.
The following documents are required to file DIR-3 KYC for the DIN reactivation process:
At Solocorp, we offer comprehensive assistance at every stage of the DIN reactivation process through DIR-3 KYC form filing:
Our team guides you get the DIR-3 KYC form, ensuring you have the correct version for DIN holders with deactivated numbers. We help you accurately fill in your DIN on the form. If your DIN was deactivated due to previous non-submission, we assist in the reactivation process, including paying any late fees.
Our experts ensure your personal information is accurately entered, including your name as per your PAN card, father's name, nationality, date of birth, and residential address details.
We facilitate the PAN verification process, ensuring your details match the PAN database. For foreign nationals without a PAN, we ensure that the name on the form aligns with your DSC.
Our team aids in updating your contact details and guides you through the OTP verification process for your mobile number and email address.
We assist in preparing and attaching self-attested copies of your PAN, address proof, photograph, and any other necessary documents, ensuring clarity and compliance.
Solocorp assists in obtaining and applying the required digital signature from a recognised professional to authenticate your form.
Our team thoroughly reviews your form for accuracy and completeness before guiding you through the submission process on the MCA portal.
After submission, we help track your Service Request Number (SRN) for future references and correspondence with the MCA.
We monitor and confirm the receipt of the acknowledgement email from MCA, ensuring your DIR-3 KYC form submission is successful.
Solocorp provides reminders and assistance for annual compliance, ensuring timely and hassle-free submissions in subsequent years using the DIR-3 KYC Web service on the MCA portal.