• Ministry of Corporate Affairs (MCA) has hereby issued amended the Companies (Appointment & Qualification of Directors), 2014 vide its notification dated July 25, 2019.

• The MCA has hereby updated the Form DIR-3KYC which is required to be filed by every Director every financial year. The updated rules hereby state as follows;

• Every Director who holds a DIN as on March 31, 2019 shall hereby file form DIR-3 KYC by September 30, 2019. The MCA has released a new form DIR-3 KYC Web pursuant to the notification.

• The Directors shall be required to file their KYC in any of the form as per the following;

1. Form DIR-3 KYC Web

1. Web based E-form where the Director details have not changed as per the last DIR-3 KYC form. Such Directors would be required to file their KYC using the Form DIR-3 KYC Web.

2. Form DIR-3 KYC

1. The Directors whose details have been changed or who wants to update their email id or mobile numbers shall be required to file their KYC in Form DIR-3 KYC. Also the Directors who are filing the KYC for the first time shall file Form DIR-3 KYC.

Due date for filing both e-forms is September 30, 2019.

• A penalty of INR 5,000 shall be leivied on those Directors who have failed to file the forms before September 30, 2019 and such DIN shall be marked as 'Deactivated due to Non-filing of DIR-3KYC'

• Instabizfilings can assist you in filing of your DIR-3KYC form online just @999/- all inclusive fees. Click here for more details.

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