Is DIR-3 KYC Due date for FY 2019-20 is 20th April 2019

Is DIR-3 KYC Due date for FY 2019-20 is 20th April 2019: 

As per rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014, “every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial year.

Provided that every individual who has already been allotted a Director Identification Number (DIN) as at 31st March, 2018, shall submit e-form DIR-3 KYC on or before 5th October,2018.”

DIR-3 KYC  Compliances has been made mandatory from Financial year 2018-19. For Financial year 2018-19 Any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2018 and the status of such DIN is ‘Approved’, needs to file form DIR-3 KYC to update KYC details in the system on or before 5th October 2018.

For Financial year 2019-20 onwards – Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is ‘Approved’, would be mandatorily required to file form DIR-3 KYC before 30th April of the immediately next financial year.

After expiry of the respective due dates, system will mark all non-compliant DINs against which DIR-3 KYC form has not been filed as ‘Deactivated due to non-filing of DIR-3 KYC’.

Is DIR-3 KYC Due date for FY 2019-20 is 20th April 2019

Stakeholders may please note that DIN holders are required to file the DIR-3 KYC form every year, so that they are aware of and confirm the data & information as available in the MCA21 system.

With the objective of making the form more user friendly, the form is presently being modified to enable pre-filling of data & information so that annual filings can be done by DIN holders in a simple and user friendly manner.

The revised form, which will be shortly deployed, can be filed without any fee within a period of 30 days from the date of deployment. Accordingly, DIN holders who had filed DIR-3 KYC form earlier and complied with the said provisions may kindly await the deployment of the modified form for fulfilling their compliance requirements

Few days ago MCA has clarified that DIN holders are required to file the DIR-3 KYC form every year before 30th April of the immediately next financial year.

So Due date for DIR-3 for Financial year 2019-20 is 30th April 2019. The Answer is No. 

MCA has clarified DIR-3 KYC can be filed without any fee within a period of 30 days from the date of deployment of the Form. Accordingly, the Due date is 30 days from deployment of the Form and till date MCA has not issued any form for the Compliance of DIR-3 KYC. 

The post Is DIR-3 KYC Due date for FY 2019-20 is 20th April 2019 appeared first on StudyCafe.

from StudyCafe http://bit.ly/2L8w31D