Warning: session_start(): Session cannot be started after headers have already been sent in /home/u606763258/domains/taxcraftedsolutions.com/public_html/header.php on line 4

Office Address

UG-30/11, Suneja Tower 2, District Center, Janakpuri, New Delhi-110058

Phone Number

+91-9773682048

+91-9266151563

Email Address

Taxcraftedsolutions@gmail.com

Deactivation of DIN due to non-filing of DIR-3-KYC

Taxcrafted Solutions Taxcrafted Solutions Taxcrafted Solutions Taxcrafted Solutions Taxcrafted Solutions
Taxcrafted Solutions

Deactivation of DIN due to non-filing of DIR-3-KYC: MCA imposes penalty of Rs. 50,000 on Director

The Ministry of Corporate Affairs (MCA) has implemented stringent regulations to ensure transparency in directorship. Failure to file the DIR-3-KYC form can lead to the deactivation of the Director Identification Number (DIN) and a hefty penalty of Rs. 50,000. Compliance with these regulations is essential for all directors to avoid legal and financial repercussions.

Understanding DIR-3-KYC and Its Importance

The DIR-3-KYC is a mandatory form introduced by the MCA for directors of companies to verify their identity details annually. This initiative helps in maintaining an up-to-date database and curbing fraudulent directorships.

  • Who Needs to File: Every individual who has been allotted a DIN before March 31 of a financial year and is still active must file the DIR-3-KYC before the deadline.
  • Consequences of Non-Filing: Non-compliance results in the deactivation of the DIN, which restricts the director from engaging in any company-related activities.
  • Penalty Imposed: The MCA has set a penalty of Rs. 50,000 for directors who fail to comply with the filing requirements.

“ The timely filing of DIR-3-KYC is crucial for directors to maintain compliance and avoid penalties. Consulting a Tax Consultant Company in Delhi can ensure smooth compliance with MCA regulations. ”

How to Reactivate Your DIN?

If your DIN has been deactivated due to non-filing, you need to follow these steps:

  • File the DIR-3-KYC form immediately with accurate details.
  • Pay the prescribed penalty of Rs. 50,000 as per MCA guidelines.
  • Consult a professional from a Tax Consultant Services in Delhi to ensure hassle-free compliance and avoid future penalties.

How to Compute Income from Salary with Tax Planning

Rule 12(A) of the Companies (Appointment and Qualification of Directors) Rules 2014 is as follows: “Every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall submit e-form DIR-3-KYC to the Central.

Government on or before 30th April of the immediate next financial year.

The order stated that the penalty must be paid via e-payment on the MCA website under “Pay miscellaneous fees” within 90 days of receiving this order, with proof of payment submitted to this office. An appeal can be filed with the Regional Director (Northern Region), Ministry of Corporate Affairs, New Delhi, within 60 days using Form ADJ, along with a certified copy of this order. If an appeal is filed, the Registrar of Companies, U.P., must be informed of the penalty and payment. Non-compliance may attract consequences under Section 454(8) of the Companies Act, 2013.

Conclusion

Corporate compliance is a critical aspect of business operations. Directors must ensure they file DIR-3-KYC on time to prevent DIN deactivation and penalties. Partnering with the Best Tax Consultation Company in Delhi can help you stay compliant with MCA regulations and avoid unnecessary legal complications.

For expert assistance in compliance and tax-related services, get in touch with a reliable Tax Consultant Company in Delhi today!

Tags:
Share:
Taxcrafted Solutions