Director Identification Number (DIN)
A Director Identification Number (DIN) is a compulsory requirement for a company’s current and prospective directors. This 8-digit Unique Identification Number is assigned to directors following the guidelines established by the amendment to the Companies Act. Once issued, a DIN remains valid for the lifetime of the director.
What is Form DIR-3 KYC?
Form DIR-3 KYC is an electronic form mandated by the Ministry of Corporate Affairs (MCA) to update the KYC (Know Your Customer) details of individuals who have been allotted a Director Identification Number (DIN).
Applicability
Form DIR-3 KYC is a mandatory filing requirement under the Companies (Appointment and Qualification of Directors) Rules, 2014. It applies to individuals allotted a Director Identification Number (DIN) by or before March 31st, 2018, and whose DIN status is ‘approved’.
DIN Reactivation
Every holder of a Director Identification Number (DIN) whose DIN has been deactivated due to non-compliance with the DIR-3 KYC filing requirement must file the e-form DIR-3 KYC or complete the KYC process through the designated web service, along with paying the applicable fee. This need to be done for DIN reactivation.
- After the DIR-3 KYC form is submitted, it undergoes a Straight Through Processing (STP) for approval.
- Upon successful approval, the system automatically reactivates the deactivated DIN. This process ensures that all directors maintain up-to-date KYC information as per regulatory requirements.
Documents Required
The following documents are required to file DIR-3 KYC for DIN reactivation process:
- Digital Signature Certificate (DSC): Class-2 DSC linked to the individual’s PAN.
- PAN Card: Provide a self-attested copy of the PAN card.
- Proof of Address: Submit a self-attested copy of an Aadhar Card, Voter’s ID Card, or Driving License.
- Photograph: A self-attested passport photograph is required and mandatory for foreign nationals.
- Contact Verification and Personal Details for DIR-3 KYC
- Mobile Number & Email Address: A unique personal mobile number and email address for OTP verification purposes.
- Additional Personal Details: Information regarding Citizenship, Nationality, and Residential Status.