10 September 2022
Private Ltd. Co. has two directors. 1) DIN ia alloted for 5 years and every year ReKYC DIR 3 Web is done. This year also can it be done the same way or DSC of CA is needed to do ReKYC DIR 3 WEB. 2) DIN is alloted in June 2021 to second director. For second Director to do KYC DIR 3, will he need CA DSC as well as his own DSC? Kindly guide.
10 July 2024
Let's address your questions regarding DIN (Director Identification Number) KYC (Know Your Customer) compliance for directors of a Private Limited Company:
### For the First Director:
1. **Annual DIN KYC (DIR-3 KYC WEB):** - Yes, for the first director whose DIN was allotted earlier, you can continue to do the annual DIN KYC through DIR-3 KYC WEB. This process needs to be completed every year to ensure compliance with regulatory requirements. - You do not necessarily need the DSC (Digital Signature Certificate) of a Chartered Accountant (CA) specifically for this purpose. The director can use their own DSC to complete the DIR-3 KYC WEB process.
### For the Second Director:
2. **DIN Allotted in June 2021:** - For the second director whose DIN was allotted recently in June 2021, the process is slightly different initially. - Initially, the DIN holder needs to complete a one-time KYC process within a certain period after DIN allotment. This is separate from the annual DIR-3 KYC WEB. - To complete the initial DIN KYC, the second director will need their own DSC. This DSC will be used to sign and submit the DIR-3 KYC form.
### Steps to Follow:
- **Annual DIR-3 KYC WEB (for First Director):** - Use the director's own DSC to log in and complete the DIN KYC through the DIR-3 KYC WEB portal. This can be done annually and is mandatory to be completed by September 30th each year.
- **Initial DIN KYC (for Second Director):** - Use the second director's own DSC to complete the initial DIN KYC process. This needs to be done within the specified period after DIN allotment (typically within a few months). - Ensure all details are updated correctly and submit the form digitally.
### Important Considerations:
- **DSC Requirement:** Each director needs their own individual DSC for completing their respective DIN KYC processes. A CA's DSC is typically not required unless specifically mandated for certain filings or certifications.
- **Compliance Deadline:** Both directors should ensure they adhere to the deadlines for completing their respective DIN KYC processes to avoid any penalties or non-compliance issues.
By following these guidelines and ensuring each director uses their own DSC appropriately, you can maintain compliance with DIN KYC requirements as per the Companies Act, 2013. If there are specific questions or further clarifications needed, consulting with a company secretary or legal advisor can provide tailored guidance.
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