ICSI Representation to MCA for Extension ofDIR 3 KYC filing due date

  • Home
  • ICSI Representation to MCA for Extension ofDIR 3 KYC filing due date

Studycafe | Sep 16, 2018 | Views 1688622

ICSI Representation to MCA for Extension ofDIR 3 KYC filing due date

ICSI Representation to MCA for Extension ofDIR 3 KYC filing due date :
ICSI Gave representation to MCA for Extension of DIR 3 KYC Filing due date on September 14, 2018, but it seems MCA is not in mood to extend the Due date Further as below message is displaying on MCA Website.

As you are aware 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 is in progress and is likely to be completed by 17th September 2018. Please note that the form DIR-3 KYC will not be available for filing during the pendency of this activity (from 16th September 2018to 17th September 2018)

Below is ICSI representation to MCA for Extension of DIR 3 KYC Filing due date
THE INSTITUTE OFCompany Secretaries of India
MCA/2018

September 14, 2018

Shit Inert Srinivas
Secretary
Ministry of Corporate Affairs
Shastri Bhawan
New Delhi-110 001
Subject:- Request for extension of Last date for filinge-Form DIR-3 KYC for DIN allotted on or before 31st March 2018
Sir.
This has reference to our letter dated 23rd August 2018 pertaining to request for extension of last date for filing of e.form DIR- 3 KYC for DIN holders as required under the provisions of rule 12A ofCompanies (Appointment and Qualifications of Directors) Rules 2014.
The MCA notification number GS R 615(E) dated 5th July 2018 regarding insertion of the above rule was followed by MCA notification dated 21st August 2018 wherein the Ministry had keeping in sight the representations from, stakeholders very kindly extended the Last date of filing DIR-3 KYC without any filing fees from August 31, 2018 to September 15, 2018.
Accordingly the fees of Rs. 5000 shall be applicable and payable on all delayed filings w.e.f 16/09/2019. (Companies (Registration Office and Fees) Fourth Amendment Rules. 2018)
However we wish to draw your kind attention towards certain practical difficulties requiring further extension of the last date of filing this form without additional fees:

  • Initiation of KYC process mandatorily requires every director to possess digital signature. However.procurement of DSC is a time consuming processwhich has further been examined with the video verification being mandatory.
  • In the case of foreign directors, the process of collection ofvarious proofsand their attestation runs into several days
  • The ongoing Garnish festival which is of much significance In the Indian cultural scenario has led to reduced working days available for the accomplishment of this activity
  • Entrepreneurs, business persons and Industrialists, the entire brigade of persons playing the role of directors in the boards across the corporates are required to travel a lot This leads to hassles while coordinating With respect toOTPs
  • Getting OTP in the case of foreign directors also is genuinely a problem
  • Needless to say. the clinic state of Kerala its infrastructure and oranisation is seriously impaired because of the floods

In view of the above, it is proposed to extend the date of submission to KYC atleast by two more months
Thanking you
Yours faithfully
(CS Ashok Kumar Dixit)
Officiating Secretary, ICSI

Join Studycafe's What's App Group or Telegram Channel for Latest Updates on Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




4 responses to “ICSI Representation to MCA for Extension ofDIR 3 KYC filing due date”

  1. CS KANIKA SHAH says:

    Abosolutelt true. All these difficulties i also faced.

  2. Anuradha says:

    Thanks a lot for so worthful information, and please help me in being updated with respect to ICSI and MCA notifications

  3. vishal doshi says:

    ROC Will not extend due date as they are more interested in 5000 rs late fees

    • Sannica says:

      Yes. They want to make money out of everyrhing, even though there portal was down initially for contact details validation, then PAN validation and then in totality.

Leave a Reply

Advertisement
Advertisement Banner 2

Studycafe Articles

Submit your Articles with us by Clicking Submit Article Button

Submit Article

you can also submit your articles by sending mail at [email protected]

Studycafe Articles

Submit your Articles with us by Clicking Submit Article Button

Submit Article

you can also submit your articles by sending mail at [email protected]