Form DIR-3

What is Form DIR-3?

Form DIR-3 serves as an application for the allotment of a Director Identification Number (DIN), a unique identifier for directors of a company. The Ministry of Corporate Affairs (MCA) mandates every aspiring director to apply for a DIN through Form DIR-3, highlighting the importance of understanding the DIN full form and the process encapsulated within.

The purpose of Form DIR-3 lies in its ability to ensure every director of a company is uniquely identified with a DIN, thus creating transparency and accountability in corporates. Updated instructions and versions, such as the one from 24-Apr-2016, along with additional details, are accessible on the Ministry of Corporate Affairs (MCA) website, offering a comprehensive guide to navigating Form DIR-3 and related e-forms.

Eligibility Criteria for Form DIR-3

To secure a Director Identification Number (DIN), individuals are required to submit Form DIR-3 to the Ministry of Corporate Affairs. The eligibility criteria for Form DIR-3 are as follows:

Director Identification Number Requirements

To obtain a DIN, an individual must meet the following requirements:

• Must be an Indian citizen.
• Must have a valid PAN card.
• Must not have been declared as a disqualified director by the Ministry of Corporate Affairs.
• Must not have been convicted of any offence and sentenced to imprisonment for a period of more than six months.

Applicant Eligibility

The following individuals are eligible to apply for a DIN:

• An individual who intends to be appointed as a director in an existing company.
• An individual who intends to incorporate a new company.
• An existing director of a company who does not have a DIN.
• A DIN is a vital, unique identification number for individuals serving as directors of a company. Holding a DIN is mandatory, underscoring the significance of understanding what a DIN number is and the consequences of non-compliance, which may include legal repercussions for both the company and its directors.

Documentation and Filing Process

Required Documents for Submission

Before initiating the DIR-3 form submission, applicants are required to gather necessary documents to ensure a smooth process.

• Self-attested copy of PAN card
• Self-attested copy of Aadhaar card
• Passport-sized photograph
• Necessary documentation includes proof of identity and address, such as a passport, voter ID, driving license, or a utility bill, serving as proof of residence and ensuring compliance with submission requirements.
• For foreign nationals, presenting a passport as proof of identity and address is obligatory. All documents should be in PDF format and not exceed 2 MB in size.

Step-by-Step Filing Procedure

To file the DIR-3 form, follow these steps:

1. Visit the Ministry of Corporate Affairs (MCA) website and log in to your account.
2. Click on the "e-Form" tab and select "DIR-3" from the dropdown menu.
3. Fill in the required details, including personal information, contact details, and educational qualifications.
4. Applicants must upload essential documents, including a passport-sized photograph, proof of identity and address, and a PAN card, to complete their submission.
5. Pay the required fee through the MCA portal.
6. Submit the form and wait for the DIN to be allotted.
7. It's crucial to remember that once you apply for DIN and it's allotted through the DIR-3 form, it remains valid for a lifetime and can be utilized for various directorship roles. Nonetheless, updating the KYC details annually through the DIR-3 KYC form is a mandatory requirement for every DIN holder.

Frequently Asked Questions

What documents are needed to file Form DIR-3?

To successfully file Form DIR-3, possessing a valid Director Identification Number (DIN) alongside a PAN card is essential. These documents are fundamental to the completion of the filing process.

How can one download the Form DIR-3 PDF?

The Form DIR-3 PDF is readily accessible for download from the Ministry of Corporate Affairs (MCA) website, in addition to being available on various platforms that offer legal forms.

What is the purpose of Form DIR-3 KYC?

The primary objective of Form DIR-3 KYC is to ensure the KYC details of a director are updated in the MCA database. This procedure is compulsory for all directors who have been allocated a DIN on or before the 31st March of any financial year.

Is it mandatory for a Chartered Accountant to be involved in the filing of Form DIR-3 KYC?

No, involving a Chartered Accountant in the filing of Form DIR-3 KYC is not a mandatory step. However, seeking professional assistance is advisable to guarantee the form is accurately completed and all required documents are properly attached.

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