MCA allows Directors to update KYC by paying Fees

The Ministry of Corporate Affairs (MCA) has notified that now the Directors are allowed to update their mobile numbers and email IDs by paying fees of Rs. 500 using the DIR-3 KYC Form. MCA issued a notification regarding the same.

The Text of the Notification is as follows:

In exercise of the powers conferred under second proviso to sub-section(1), subsection (4), clause (f) of sub-section (6) of section 149, sub-sections (3) and (4) of section 150, section 151, sub-section (5) of section 152, section 153, section 154, section 157, section 160, sub-section (1) of section 168 and section 170 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014.

These rules may be called the Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024. They shall come into force from the 01st day of August 2024.

In the Companies (Appointment and Qualification of Directors) Rules, 2014, in rule 12A, –

(a) in the third proviso, after the word “only”, the words and figures “on or before 30th September of the financial year” shall be inserted;

(b) after the third proviso, the following proviso shall be inserted, namely: –

“Provided also that if an individual intends to update his personal mobile number or email address again at any time during the financial year in addition to the updation allowed under the third proviso, he shall update the same by submitting e-form DIR-3 KYC on payment of fees of five hundred rupees.”

For Official Notification Download PDF Given Below: