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 15th 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 15th September 2018. Such directors or DIN holders can still file the form with nominal fees of Rs. 500. However, this is valid only till 5th 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 31st 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.