Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018

DIR 3 KYC Update

Dear Reader,

In our last article we have seen that Last Date For Filing Form DIR-3 KYC Without Fee Has Expired With Effect From 15th Sep, 2018. Click here to read the full article.

Central Government have made the rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014 and Companies (Registration Offices and Fees) Rules, 2014. These rules may be called as the Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018 and Companies (Registration 0ffices and Fees) Fifth Amendment Rules, 2018 respectively.

In the Companies (Appointment and Qualification of Directors) Rules, 2014,

in the proviso to Rule 12A, for the words and figures “before 15th September, 2018,” the words and figures “before 5th October, 2018 ” shall be substituted.

In the companies (Registration offices and Fees) Rules, 2014, in the Annexure, in serial number VII, for the ‘note’ the following ‘note’ shall be substituted, namely:-

“Note: During the financial year (2018-2019), fee of Rupees five hundred shall be payable from 21.09.2018 to 05.10.2018 and fee of rupees five thousand shall be payable on or after 06.10.2018”.

Thus, because of the Amendment of these Rules, the non-compliant DIN holders may file DIR-3 KYC with a fee of Rs.500 (Rupees Five Hundred Only) from 21st September till 5th October 2018(both days inclusive) to get their DINs reactivated. From 6th October 2018 onwards, a fee of Rs.5000 (Rupees Five Thousand Only) becomes payable for reactivation.

Further, the last date for filing form DIR-3 KYC without fee has expired on 15th September 2018. The process of deactivating the non-compliant DINs has since been completed and their status has been updated as ‘Deactivated due to non-filing of DIR-3 KYC’.

Thus, stakeholders are requested to expedite the process of filing DIR-3 KYC before 5th October, 2018.

Notification on Companies (Appointment and Qualification of Directors) Sixth Amendment Rules, 2018 and Companies (Registration 0ffices and Fees) Fifth Amendment Rules, 2018 are also attached herewith.

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