MCA News Updates on KYC of Directors

The Ministry of Corporate Affairs (MCA), on receipt of representations from various stakeholders, had on 30^th day of September, 2019, notified the Companies (Registration Offices and Fees) Fifth Amendment Rules, 2019 vide which the due date of submission of Form DIR-3 KYC and DIR-3 KYC WEB has been extended from 30^th September 2019 to 14^th October 2019 providing a much-needed relief to the stakeholders.   The non-filing of director’s KYC results in instant deactivation of the Director Identification Number (DIN) of the director, which can be reactivated only by filing the Form DIR-3 KYC with the enhanced government filing fee of Rs. 5,000/- for each director.   Contact us for more information. Last Updated: 1^st October 2019 This article is contributed by:  Luv Malhotra Senior Manager, Legal