MCA has revised the Director KYC framework to streamline compliance, requiring DIR-3 KYC every three years.
MCA's Revised Framework for Director KYC Compliance
The Ministry of Corporate Affairs has announced updates to the Director KYC compliance framework, including a significant change mandating that the DIR-3 KYC form needs to be submitted only once every three financial years. This aims to simplify the process and reduce administrative burden on corporations.
Despite these changes, DIN validation requirements remain in effect, ensuring that accurate records are maintained throughout the compliance process.
Legal practitioners should ensure that their corporate clients are informed about these amendments and assist them in updating compliance protocols to align with the new requirements, thereby avoiding penalties.
Citations
- MCA Notification (2026) No. XX