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DIR-3 KYC - A step towards updating directors database.

Chinki Singhal
DIR-3 KYC: Mandatory director database update via new filing format under Rule 12A notification issued. The notification prescribes DIR-3 KYC as a mandatory electronic filing to update the statutory directors database, introducing a specified E form format under Rule 12A. The measure requires directors to submit prescribed KYC particulars in the notified format to maintain accurate corporate registers and enable regulatory record keeping, creating a compliance obligation and a procedural mechanism for periodic database updates. (AI Summary)

DIR-3 KYC - A step towards updating directors database. As a part of updating its directors database, The MCA has notified the format of E-form DIR-3 KYC under new Rule 12A, vide the ‘Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018', via notification dated July 05, 2018

 

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