DIR 3 KYC Due Date: Everything You Need to Know

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DIR 3 KYC Due Date: Everything You Need to Know

Introduction

The DIR 3 KYC (Know Your Customer) is an annual filing requirement for all companies registered in India. The due date for filing DIR 3 KYC is April 30th every year. Failure to file DIR 3 KYC on time can result in penalties and fines.

What is DIR 3 KYC?

DIR 3 KYC is a form that requires companies to submit information about their directors and beneficial owners. This information is used by the government to prevent money laundering and other financial crimes.

Who needs to file DIR 3 KYC?

All companies registered in India under the Companies Act, 2013 are required to file DIR 3 KYC. This includes public companies, private companies, and foreign companies with a place of business in India.

What information is required in DIR 3 KYC?

DIR 3 KYC requires companies to submit the following information:

Name, address, and PAN number of all directors
Name, address, and PAN number of all beneficial owners
Description of the company's business activities
Financial details of the company

How to file DIR 3 KYC?

DIR 3 KYC can be filed online through the Ministry of Corporate Affairs (MCA) website. The following steps are involved in filing DIR 3 KYC:

Register for an MCA account.
Log in to your MCA account.
Click on the "Filing" tab.
Select "DIR 3 KYC" from the drop-down menu.
Fill out the DIR 3 KYC form.
Submit the form.

Penalties for late filing of DIR 3 KYC

The penalty for late filing of DIR 3 KYC is Rs. 5,000 per day, up to a maximum of Rs. 100,000.

Consequences of not filing DIR 3 KYC

In addition to penalties, failure to file DIR 3 KYC can also lead to the following consequences:

The company's name may be removed from the Register of Companies.
The directors of the company may be disqualified.
The company may be fined.

Tips for filing DIR 3 KYC on time

Here are a few tips for filing DIR 3 KYC on time:

Start the process early.
Gather all the necessary information in advance.
Use the MCA's online filing service.
Get professional help if needed.

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Interesting Stories

The company that filed DIR 3 KYC on April 31st

One company waited until the very last minute to file their DIR 3 KYC. They were so close to missing the deadline, but they finally managed to submit the form on April 31st. The company was relieved to have avoided the penalty for late filing.

The company that filed DIR 3 KYC with the wrong information

Another company made a mistake when they filed their DIR 3 KYC. They entered the wrong PAN number for one of their directors. The company realized their mistake a few days later and had to file an amended DIR 3 KYC.

The company that was fined for not filing DIR 3 KYC

One company failed to file DIR 3 KYC for several years. The company was eventually fined Rs. 100,000. The company's directors were also disqualified for five years.

Tables

Table 1: Penalties for late filing of DIR 3 KYC

Days late	Penalty
1-30	Rs. 5,000
31-60	Rs. 10,000
61-90	Rs. 15,000
91-120	Rs. 20,000
Over 120	Rs. 25,000

Table 2: Consequences of not filing DIR 3 KYC

Consequence	Penalty
Removal of company name from the Register of Companies	N/A
Disqualification of directors	N/A
Fine	Up to Rs. 100,000

Table 3: Tips for filing DIR 3 KYC on time

Tip	Description
Start the process early	Give yourself plenty of time to gather the necessary information and file the form.
Gather all the necessary information in advance	Make sure you have all the required information, such as the PAN numbers of the directors and beneficial owners.
Use the MCA's online filing service	The MCA's online filing service is quick and easy to use.
Get professional help if needed	If you need assistance with filing DIR 3 KYC, you can get professional help from a Chartered Accountant or a Company Secretary.

FAQs

What is the due date for filing DIR 3 KYC?

The due date for filing DIR 3 KYC is April 30th every year.

Who needs to file DIR 3 KYC?

All companies registered in India under the Companies Act, 2013 are required to file DIR 3 KYC.

What information is required in DIR 3 KYC?

DIR 3 KYC requires companies to submit information about their directors and beneficial owners, as well as their business activities and financial details.