{"id":2593,"date":"2018-07-13T12:15:22","date_gmt":"2018-07-13T12:15:22","guid":{"rendered":"https:\/\/companyregistrationonline.in\/?p=2593"},"modified":"2025-06-30T07:41:09","modified_gmt":"2025-06-30T07:41:09","slug":"dir-3-know-your-client","status":"publish","type":"post","link":"https:\/\/companyregistrationonline.in\/blog\/dir-3-know-your-client\/","title":{"rendered":"DIR-3 Know your Client: Certification for Professionals"},"content":{"rendered":"

Know your customer, alternatively\u00a0acknowledged as DIR 3 KYC for professionals, is the process of a business identifying and verifying the identity of their clients.\u00a0<\/span><\/p>\n

The Central Government has drawn-out the policy of KYC (Know Your Client) for the Directors too. Identical to the Bank KYC, where the government wishes to know the Directors and expect them to submit a yearly intimation before 30th April of every year regarding their KYC and any changes that have been made in the submitted documents.<\/p>\n

The Ministry of Corporate Affairs<\/a><\/strong> (MCA) has introduced this form with its notification dated 5 July 2018, by announcing an amendment in The Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2018<\/a>.<\/p>\n

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\nRelated:<\/strong><\/span>\u00a0DIR-3 KYC Update<\/b><\/a><\/p>\n<\/blockquote>\n

The KYC form should be mandatorily certified by a practicing professional i.e., CA\/CS\/CMA. The form should be duly filled by the disqualified directors of an existing company.<\/p>\n

In other words, every Director who has an allotted Director Identification Number<\/a><\/strong> (DIN) on or before 31st March 2018 and who has an Approved Status in DIN are compulsorily required to file form DIR 3 KYC for professionals<\/span>\u00a0on or before 31 August 2018.\u00a0Failing the successful completion of KYC, a penalty of Rs.5000 will be applied from 1 September 2018 along with the DIN being deactivated.<\/p>\n

DIN is a unique\u00a0identification number used for the appointment of a director. A director must retain the DIN for company registration<\/strong><\/a>. To obtain DIN it is sufficient to fill the form DIR-3<\/a><\/strong> once for any person who wishes to be a Director of either one or more companies.<\/p>\n

Documents\/Information Required to apply for KYC<\/strong><\/h2>\n
    \n
  1. Name of the Director<\/li>\n
  2. Father’s Name of the Director<\/li>\n
  3. Date of Birth<\/li>\n
  4. Nationality<\/li>\n
  5. PAN No.<\/li>\n
  6. Voter’s ID Number<\/li>\n
  7. Passport Number (optional)<\/li>\n
  8. Aadhar Number<\/li>\n
  9. Driving License Number<\/li>\n
  10. Personal Mobile Number (for OTP verification)<\/li>\n
  11. Personal Email ID\u00a0(for OTP verification)<\/li>\n
  12. Present Resident Address with proof<\/li>\n
  13. Permanent resident address with a proof<\/li>\n
  14. DSC of Director<\/a><\/li>\n
  15. Certification By Practicing Professional like CA\/CS\/CMA<\/li>\n<\/ol>\n

    Proof of the Required Data\u00a0<\/strong><\/h3>\n
      \n
    1. \u00a0Information (1-3) mentioned above –\u00a0PAN<\/li>\n
    2. Information (4-6) mentioned above – Respective Documents<\/li>\n
    3. Personal Mobile No – Utility bill\/SMS verification, etc<\/li>\n
    4. Personal email ID \u2013 Verified by sending mail and getting the confirmation from the Individual<\/li>\n
    5. Present resident address – Utility Bill<\/li>\n
    6. Permanent resident address – Utility Bill – ID Proof<\/li>\n<\/ol>\n
      \n

      The format of the Certification<\/strong><\/h3>\n<\/blockquote>\n

      I declare that I have been duly engaged for certification\/verification of this form. It is hereby certified that:<\/em><\/p>\n