A sigh of Relief for Companies: Deadline for filing KYC Application of Directors extended
October 11, 2022
The Ministry of Corporate Affairs (“MCA”) in its continued effort to promote and support businesses in India has recently extended the time limit for filing of e-form DIR-3-KYC and web-form DIR-3-KYC-WEB till 15th October 2022 without payment of a fee (vide General Circular No 09/2022), which was previously fixed as 30th September 2022.
As per the MCA’s direction, any director (including disqualified Directors) who was allotted a DIN by or on 31st March 2018 and whose status of DIN indicated an approved status, was mandatorily required to submit his KYC details to the MCA.
From the F.Y. 2019-20 onwards, it had become mandatory for every Director with a DIN having an approved status (on or before the end of the F.Y.) to file Form DIR-3 KYC before 30th September of the immediately next financial year.
However, due to several requests received in relation to an extension, the MCA has granted a one-time relief to the Directors of the companies, thereby, extending the date of filing of e-form DIR-3-KYC and web-form DIR-3-KYC-WEB for the present Financial Year till 15th October 2022. Accordingly, the Directors ought to comply with the filing of DIR-3 as any default of the same may result in DIN de-activation due to non-filing of DIR-3-KYC, and would attract a late fee penalty of INR 5,000/- for re-activation of DIN.
Last updated: 11/10/2022
Article contributed by:
Associate - Legal
