Ques. Why do you need to do this DIR3 KYC filing?
Ans. As part of updating its registry, MCA is conducting KYC of all Directors of all companies through the e-form DIR-3 KYC.
Accordingly, every Director or Partner who has been allotted DIN is mandatorily required to file form DIR-3 KYC on or before 30th September, 2020.
Ques. What are the consequences of not filing DIR 3 DIN KYC with MCA?
Ans. -The Government will deactivate your DIN.
-The Company/LLP in which you are Director/Partner cannot file ROC Annual Returns, which may result in striking off of the Company/LLP.
-Director/Partner with non-active DIN cannot incorporate a Company/LLP in future.
-The authenticity of Director/Partner is put at risk during fund raising and loan proposals.
-The de-activated DIN shall be re-activated only after penalty fee of Rs. 5,000 for each director/partner.
