For individuals holding a Director Identification Number (DIN), the annual filing of DIR-3 KYC is a crucial compliance requirement. This e-form ensures that the Ministry of Corporate Affairs and accurate database of all directors in India.
DIR-3 KYC is an annual electronic form that every individual who has been allotted a DIN must file. It's a mandatory process to update or confirm their personal details with the MCA. This includes information such as name, address, mobile number, email ID, and Permanent Account Number.
Who Needs to File?
Any individual who holds a DIN, irrespective of whether they are currently a director in a company or not, is required to file DIR-3 KYC annually. This ensures that the MCA's records are always current.
Why is it Important?
Filing DIR-3 KYC is vital for several reasons:
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Compliance: It's a statutory requirement under the Companies Act, 2013.
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Active DIN: Non-filing can lead to the deactivation of the DIN, preventing the individual from acting as a director or filing any documents with the MCA.
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Database Accuracy: It helps the government maintain a clean and accurate database of directors, enhancing transparency and combating shell companies.
FOR MORE UNDERSTANDING WATCH THE LINK BELOW
https://youtu.be/TINhgC12fp8?si=6E_6Z831qRlrJF_S
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