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 REPRESENTATION, ICSI Representation for DIR 3 KYC,DIR3 KYC due dat

CA Deepak Gupta

Sep 16, 2018

Last update on Sep 16, 2018

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

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