Everything about Latest Amendment in DIR 3 KYC



Quick Summary
The Ministry of Corporate Affairs (MCA) has introduced significant amendments to the DIR-3 KYC process, effective from August 1, 2024. Previously, changes to a director's email ID or mobile number could only be made once a year during the DIR-3 KYC filing. The new rules allow for more flexibility, offering two options for updates. Directors can now amend their contact details by filing the DIR-3 KYC form without any fees between April 1st and September 30th. For updates made after September 30th or after the initial DIR-3 KYC filing for the year, a fee of Rs. 500 will apply.

SHORT SUMMARY

In this article, the author will discuss the "Latest Amendment in DIR-3 KYC." The article will also provide answers to the following questions:

A. How to change the email ID of a person in their DIN?

B. How to change Mobile No of person in their DIN?

DIR 3 KYC Latest Amendment: Update Your Details Easily

C. How many times in a year can individuals amend their email ID or mobile number?

D. How much are the fees charged by MCA for such changes? Etc.

The MCA has issued a Notification. Dated: July16th, 2024-Subject: Companies (Appointment and qualification of Directors) Amendment Rules, 2024.

As per the provisions of the Companies Act, 2013 Since 2018, the MCA has introduced the DIR-3 KYC form. If any DIN holders wanted to change their email ID or contact number, that was possible only at the time of filing the DIR-3 KYC, and only once in the year.

This notification shall come into effect from the 1st Day of August, 2024.

Provisions of Companies Act, 2013

Rule 12A of Companies (Appointment and Qualification of Directors) Rules,2014

Extract of Provision before amendment

Every individual who holds 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, September of immediate next financial year.

(Third Proviso)Provided also that in case an individual desires to update his personal mobile number or the e-mail address, as the case may be, he shall update the same by submitting e-form DIR 3 KYC only:

As per the above-mentioned provisions, a DIN holder can amend their email ID or mobile number only once a year. This amendment can occur either between April 1 and September 30, or prior to the filing of DIR 3 KYC for that year.

Extract of Provision before amendment

….

(Third Proviso) Provided also that in case an individual desires to update his personal mobile number or the e-mail address, as the case may be, he shall update the same by submitting e-form DIR 3 KYC on or before 30 September of the financial year:

(Fourth Proviso)Provided also that, if an individual intends to update his personal mobile number or the email address again at any time during the financial year in addition to the up-dation allowed under the third proviso, he shall update the same by submitting e-form DIR-3 KYC on payment of fees of five hundred rupees. (DG)

A. Impact of Amendment

If a Din holder wants to change their email ID or mobile number at any time during the financial year, there are two options:

i. If they want to make amendments after April 1st until September 30th, they can do so by filing the DIR-3 KYC (without any fees).

ii. If they are making amendments after September 30 or after filing DIR-3 KYC once for that year, then they need to file DIR-3 KYC again along with fees of Rs. 500/-.

 

B. Quick Bites

I. How to change the email ID of a director in their DIN? / How do I change director details in MCA?/ How do I change the email id of a director?/ Can we change our email id through DIR 6?/

A person who wants to change his email ID in DIN must file the web form DIR-3 KYC along with Rs. 500 fees.

To file a DIR 3 KYC on MCA, an individual must have a login ID on MCA, although they can also use a professional ID.

There is no need to file DIR-6 for changes to the email ID or mobile number. DIR-6 can be used to amend the information except for the two mentioned above.

II. How to change the Mobile No of a director in their DIN? / How do I change director details in MCA? / How do I change the Contact Detail of a director? / Can we change our Mobile No. id through DIR 6?/

A person who wants to change his Mobile No in DIN must file the web form DIR-3 KYC along with Rs. 500 fees.

To file a DIR 3 KYC on MCA, an individual must have a login ID on MCA, although they can also use a professional ID.

There is no need to file DIR-6 for changes to the email ID or mobile number. DIR-6 can be used to amend the information except for the two mentioned above.

 

III. If a company is submitting DIR-3 KYC for the first time in the financial year, Does the company have to pay any fees for this?

There is no need to pay any fees in this case. If DIR-3 KYC is filed for the first time, then DIR-3 KYC can be filed without fees.

FAQ :

The latest amendment to the DIR-3 KYC rules comes into effect from the 1st day of August, 2024.

To change your email ID or mobile number in your DIN, you must file the web form DIR-3 KYC. If you are updating between April 1st and September 30th, or before your initial annual filing, there are no fees. If you update after September 30th or after your first annual filing, a fee of Rs. 500 applies.

Yes, under the new amendment, you can update your email ID or mobile number more than once a year. The first update within the financial year (before or during the initial DIR-3 KYC filing period) is free, while subsequent updates require a Rs. 500 fee.

No, you do not need to file DIR-6 to change your email ID or mobile number. These specific changes must be made through the DIR-3 KYC form.

No, if you are submitting the DIR-3 KYC for the first time in a financial year, there is no fee associated with it.


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About the Author

Practicing Compnay Secretary

CAREER PROFILE He is a Fellow Member of the Institute of Companies Secretaries of India having intense expertise in Corporate Law for the last 8 years. He is a young and progressive Practicing Company Secretary with zeal to dig deep into the nuances of Corporate Laws. Being a researcher at heart, he has done ... Read more


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