As a much-awaited relaxation, MCA came up with two circulars in which it has relieved the pressure of a majority of DIN holders who failed to comply with MCA requirements of a fresh KYC till 15^th September.

MCA published this on its official website:

“As you are aware the last date for filing form DIR-3 KYC without fee has expired on 15th September 2018. The process of deactivating the non-compliant DINs has since been completed and their status has been updated as ‘Deactivated due to non-filing of DIR-3 KYC’. However, the non-compliant DIN holders may file DIR-3 KYC with a fee of Rs.500 (Rupees Five Hundred Only) from 21st September till 5th October 2018(both days inclusive) to get their DINs reactivated. From 6th October 2018 onwards, a fee of Rs.5000 (Rupees Five Thousand Only) becomes payable for reactivation,”

This is now a one-time golden opportunity for those who have failed to complete the procedure till 15^th September 2018. Such directors or DIN holders can still file the form with nominal fees of Rs. 500. However, this is valid only till 5^th October, beyond which there will be a late fee of Rs. 5000/-.

The Ministry has been on a conducting KYC of all Directors of all companies annually through a new e-form viz. DIR-3 KYC. As part of this, every director who has been allotted DIN on or before 31^st March 2018 and whose DIN was in ‘Approved’ status, would be mandatorily required to file form DIR-3 KYC on or before 31/08/2018, using his/her own Class – II DSC and the form would be required to be digitally certified by a practicing professional (CS/CA/CMA) using Class-II DSC. Filing of Form would be mandatory for Disqualified Directors also. The due date was then further extended to 15/09/2018.

Read here for Frequently Asked Questions on Director eKYC.