Every person who is or wants to apply to be the director of a company in India must have a unique identification called Director Identification Number (DIN). Earlier, one only needed to file a DIR-3 form to obtain his/her DIN. But to update the registry process, the Ministry of Corporate Affairs has added the requirement for annual KYCs. Thus, every person allotted an approved DIN on or before 31st March 2018 must apply for the KYC. 

To complete the KYC application, the form requires two signatories—namely, the DIN holder and a CA, CS or CMA. If the signatories are not national residents, the name affixed to the Digital Signature Certificate should match the name entered in the form and be registered with the MCA.

Documents required for the KYC

While filling out the form, there are certain documents and details the applicant needs to submit to the MCA:

  • Applicant’s and father’s name
  • Date of birth
  • PAN number
  • Mobile number
  • Email address
  • Permanent and present address
  • Aadhaar/Voter ID/Passport/Driver’s licence

The phone number and email you provided should be unique to you, and it should not be linked to any other person in the DIN database. In such a scenario, the application will be rejected.

Foreign applicants need not have an Indian address and phone number. Foreign addresses and phone numbers are allowed for the KYC too. One more thing to keep in mind is the application fees. A sum of ₹5,000 will be payable to any request filed.

The main thing a director needs to remember is the due date for filing the annual KYC. Any DIN allotted as of 31st March must submit the KYC on or before 30th September of the next financial year as per Rule 12A of the Companies Rule, 2014. If one did not file the KYC before the due date, their DIN will be deactivated. 

The procedure is fairly straightforward. You apply for the Director Identification Number and renew it every financial year through your annual KYC. But sometimes, it might escape the mind to reapply every year. That’s where Corporate Leaps comes in. We provide aid with all the necessary documentation, accounting and monitoring of the documentation so that you are always in compliance with the mandates.