Analysis on eFORM DIR-3 KYC with Declaration required to be obtained by Professional
2 views
Skip to first unread message
Meetesh Shiroya
Jul 13, 2018, 7:17:51 AM7/13/18
to
Dear Professional,
eForm DIR – 3 KYC, is introduced
for directly disqualified the Director, by inactive his/her DIN. This is directly relating
to the 30-35
lakh “active directors” on company boards will have to submit PAN-authenticated
digital signatures and a certificate from a Chartered Accountant or a Company Secretary
or a Cost Accountant to remain on boards as part of a massive KYC exercise
undertaken by the government to ensure that only genuine individuals are
responsible for running the affairs of companies. The ministry of corporate
affairs has ordered that it will be conducting the KYC exercise with all the 50
lakh individuals holding DINs, or director identification numbers, being asked
to fill up an electronic form by August 31. Those who do not submit the form
will see their DINs deactivated. The exercise covers all DINs issued up to
March 31, 2018.
While the original plan was
to go for an Aadhaar-linked authentication, the move had to be shelved in the
wake of the ongoing case in the Supreme Court. PAN-authenticated digital
signatures will also serve the purpose, explained government officials. PAN in
the digital signature will be matched with the income tax department’s database
to ensure that bogus directors are weeded out. Besides, most of the PANs are
linked to Aadhaar, providing further comfort.
To Read Detail Article with some FAQ's which clarify most of your doubt and declaration need to be obtained by professional while filing eFORM DIR - 3 KYC, visit below link....
Reply all
Reply to author
Forward
0 new messages