KYC for Directors of Company – Form DIR-3 KYC

 

 

What is DIR-3-KYC ?

DIR-3 KYC is the new E-form to be filed by the directors of a company with MCA for updating their KYC details. As per Rule 12A of the Companies (Appointment and Qualification of Directors) Rules, 2014, every individual who is alloted Director’s Identification Number (DIN) as on 31st March of a financial year should submit the form DIR-3 KYC before 30th of April next year.  This Rule is effective from 10th July 2018 and have to be mandaatorily followed by all the individuals with DIN.

Last date for filing DIR-3 KYC for directors who was alloted DIN till 31st March 2018 is 31st August 2018. If the form is filed, the status of the DIN will be marked as “Deactivated” . Further, there is also a penalty of Rs.5,000/- for non filing of DIR-3 KYC within the prescribed time limit.

The form should be filed by every Director using his/her own DSC and should be duly certified by a practising professional.

The Documents required for filing the form are :

  1. Self attested copies of :
    1. PAN Card.
    2. Adhaar Card with mobile number registered with UIDAI
    3. Utility bills or Bank statement (latest 2 months) with the present address.
    4. Passport (for foreign nationals)
  2. Latest passport size photo.
  3. Digital signature of the directors.
  4. The Form should be certified by a practising professional (CA/CS/CMA).

ICAI changed the exam pattern to 70% descriptive and 30% objective type questions

ICAI has announced that from May 2019 examinations , the pattern of questions will be in 30% objective type and 70% descriptive type for the following papers of Intermediate and Final courses.

Intermediate

New Course- Intermediate Old course- IIPCC
Paper Subject Paper Subject
2 Corporate and Other laws 2 Business Laws, Ethics and Communication
4 Taxation 4 Taxation
6 Auditing and Assurance 6 Auditing and Assurance
7 Enterprise, Information System and Strategic Management 7 Infirmation Technology and Strategic Management

Final Course

New Course- Final Old course- Final
Paper Subject Paper Subject
3 Advanced Auditing and Professional Ethics 3 Advanced Auditing and Professional Ethics
4 Corporate and Economic Laws 4 Corporate and Allied Laws
7 Direct Tax Laws and International Taxation 7 Direct Tax Laws
8 Indirect Tax Laws 8 Indirect Tax Laws

The objective type questions will be of multiple choice questions and will be carrying 1 or more marks each and without negative marking. However there wont be any optional questions in objective type and all the questions are mandatory.

Students who are planning to write the exams in May 2019 may kindly note the change in pattern and prepare accordingly.