Question
I hold a DIN as a company director. I have heard I must do a yearly KYC, but I am unsure what and when.
Answer
DIR-3 KYC is the mandatory annual KYC every individual holding a Director Identification Number (DIN) must file with the MCA, normally due by 30 September each year for DINs allotted up to the previous 31 March. First-time filers and those updating details file the full eForm DIR-3 KYC; others can use the simpler DIR-3 KYC Web. You must file even if you are not currently a director in any company. Missing the deadline deactivates your DIN, and reactivation requires filing the form with a Rs 5,000 late fee.
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