Write short notes on: DIR-3 KYC

DIR-3 KYC Rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014 provides that every individual who holds a Director's Identification Number (DIN) as on 31st March of a financial year shall submit e-form DIR-3 KYC for the said financial year to the Central Government on or before the 30th September of immediate next financial year. In case of failure to submit the e-form before the stipulated time, the DIN shall be deactivated by the Government and shall be re-activated only after e-form DIR-3 KYC is filed with necessary fee. Where an individual who has already submitted e-form DIR-3 KYC in relation to any previous financial year, submits web-form DIR-3 KYC-WEB through the web service in relation to any subsequent financial year it shall be deemed to be compliance of the provisions of this rule for the said financial year. However, in case an individual desires to update his personal mobile number or the e-mail address, as the case may be, he shall update the same by submitting e-form DIR-3 KYC only.