Legal Darbar will offer the perfectly understandable DIN e-KYC (Director Identification Number) filing, which is an application developed by India’s Ministry of Corporate Affairs (MCA) to check and update the personal information of persons with a Director Identification Number (DIN). In India, business executives are issued a unique finding number known as the DIN.
The e-KYC filing promotes transparency, accountability, and security in India’s business system and governance. It is critical for directors to maintain compliance in order to reduce delays in their roles and responsibilities. legaldarbar.com
Key points Legal Darbar consists of:
1. Mandatory Requirement: All directors with DINs should file e-KYC for accurate and up-to-date records in the MCA system. This e-KYC must be filed yearly for all current and new directors.
2. Process involved: Directors must update their personal information and permit their authentication with an OTP (one-time password) provided to their registered mobile number and email address. They must also submit a declaration confirming the information included in the file.
3. Proof Required: A digital duplicate of a current passport-sized photo. An acceptable government-issued photo ID (such as an Aadhaar card, passport, or voter ID). Proof of address (e.g., utility bill or bank statement).
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4. e-KYC filing deadline: The filing must be accomplished by the stated deadline. The paperwork must be completed by a particular deadline, which the MCA typically announces. Failure to comply within the deadline could result in the deactivation of the DIN.
5. Filing Platform: Directors can file e-KYC using the MCA portal by connecting into their profile and following the required processes. A director must use their Aadhaar number for verification purposes, ensuring that the process is linked to their individual identification.
6. Consequences for Non-Compliance: If e-KYC submission is not completed by the deadline, the director’s DIN may be marked as inactive, prohibiting them from participating in corporate activities such as signing papers or making decisions for the company. Managers could face measures or other legal effects for failing to comply.
7. The process of re of DIN: The e-KYC process ensures the DIN remains up-to-date and valid in the MCA’s a relational database
8. Impact on New Directors: Newly nominated directors must complete the e-KYC process within a specified timeframe.
9. Simplified filing procedure: Directors can easily complete the filing process online, reducing paperwork.
Legal Darbar is giving you the best advantages:
1. Increased Protection: e-KYC (electronic Know Your Customer) helps to verify the identification of directors, reducing the risk of fraud or misrepresentation and guaranteeing that the directors stated on the company’s records are real.
2. Compliance with Legal Requirements: All directors with a Director Identification Number must file for DIN e-KYC. This assures compliance with Ministry of Corporate Affairs (MCA) rules while avoiding penalty fees for noncompliance.
3. Simplified Process: The e-KYC process is completely done online, which makes it faster and more convenient than old manual methods. Directors can complete the process from any location, minimizing time and paperwork.
4. Accurate and Current Information: It ensures that the details of members (such as personal and contact information) are kept up to date in the MCA database for allowing better transparency and accuracy in corporate records.
5. Avoiding Fines: Failure to comply with the DIN e-KYC requirement may result in the cancellation of the DIN, which means the manager will be unable to sign any papers or conduct legal or business activity. Completing the e-KYC file ensures that directors stay active and compliant.
6. Increases Corporate Governance: By storing current and validated data on members, the e-KYC system promotes corporate governance and allows for improved tracking of director-related actions.
7. Improved a good name: An up-to-date and clear board of directors can boost the company’s reputation in the eyes of investors, regulators, and other clients.
8. Easy Use of Services: Managers who complete their e-KYC can readily use other MCA services, such as filing financial statements, incorporation paperwork, and more, without struggling with any delays. legaldarbar.com
FAQs for DIN e-KYC Filing?
A Director Identification Number (DIN) is a unique identification number assigned to a company’s directors. Form DIR-3 is used to apply for DIN by providing both professional and personal information
The DIN (Director Identification Number) KYC rule enables the directors to perform e-KYC verification through an Aadhaar card on every year to ensure the continued validity of their DIN registration.
If the director’s KYC is not completed, their DIN (Director Identification Number) may be deleted, to prevent them from engaging in company-related activities.
KYC (Know Your Customer) restrictions include:
- Verifying customer identity
- Ensuring financial crime compliance
- Limiting transactions if identification documents are lacking or suspicious.
The deadline for filing DIR-3 KYC is September 30th each year. and Failing to file on time may lead to penalties and the potential removal of directors.
To reactivate a deactivated DIN, submit an application form to the MCA by giving the actual reason for deactivation and all required papers. If Once analyzed, the DIN can be reactivated.
DIR-3 KYC forms are classified into two types:
- DIR-3 KYC (for persons)
- DIR-3 KYC (Web based applications)
Filing the DIR-3 KYC on an annual basis ensures that the compliance with the Companies Act, restores the directors personal information which prevents rejection, and keeps directors active in company records.
Legal Darbar simplifies DIN e-KYC filing for directors by providing an automated, secure platform that ensures compliance, correctness, timely submissions, professional guidance, and smooth documentation.