Due Date for filing e-Form DIR-3 KYC Extended
The Ministry of Corporate Affairs (MCA) had introduced an annual KYC form, i.e. DIR-3 KYC.
The objective behind this form was annual ‘Know Your Customer’ or KYC of the Directors of all the companies. It was introduced as a one-time KYC form. The ministry, however, made this form mandatory to be filed on 30th April every year. The due date for filing form DIR-3 KYC has now been extended from 30th April to 30th June 2019.
This is the 3rd time that the form DIR-3 KYC filing due date has been extended.
1. When was previously the DIR-3 KYC filing due date extended?
MCA had brought the new DIN-KYC form, i.e. DIR-3 KYC for annual ‘Know Your Customer’ or KYC session of the Directors of all the companies across India. The due date for submission of this e-form was 31st August 2018.
However, the due date for filing DIR-3 KYC was extended from 31st August 2018 to September 15, 2018, due to technical errors.
2. Why was DIR-3 KYC made mandatory for every year?
In order to induce compliance among the companies, the government made the Form DIR-3 KYC mandatory to be filed on 30th April every year by the directors who have been allotted their Director Identification Numbers (DINs) as on 31st March of a financial year.
3. Why has the current DIR-3 KYC filing due date extended?
Many directors have still not filed their DIN-KYC form, due to some technical problems. Therefore, the Due date for filing of DIN-KYC has been extended from 30th April till 30th June 2019.
4. Which rule is applicable for extending DIR-3 KYC filing due date?
The Government has recently amended the Rule 12A of Companies (Appointment and Qualification of Directors) Rules, 2014, and thus the due date of filing the form has been extended. The rule is herein referred to as Companies (Appointment and Qualification of Directors) Amendment Rules, 2019.
The directors are required to file their Form DIR-3 KYC till 30th June 2019.
If you have any further queries concerning the DIR-3 KYC form or annual compliance of private company, feel free to contact our business advisor at 8881-069-069.
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