Regulatory update – India
On 31 December 2025, the Ministry of Corporate Affairs (MCA) notified amendments to the Companies (Appointment and Qualification of Directors) Rules, 2014, replacing annual director KYC filing with a triennial KYC intimation, significantly reducing the compliance burden on directors.
- Odyssey
Key highlights of the amendments
- Effective date: 31 March 2026
- KYC frequency: Annual KYC filing is replaced with a KYC intimation once every three years
- Who must file: Every individual holding a DIN as on 31 March of a financial year
- Form & deadline: Form No. DIR-3 KYC Web to be filed on or before 30 June of the immediately following every third consecutive financial year
Example
- A DIN holder as on 31 March 2025 who has already completed KYC will next file DIR-3 KYC Web by 30 June 2028
- If KYC is not filed, the DIN stands deactivated and may be reactivated until 31 March 2026 by filing the KYC form with a late fee of INR 5,000
Updates to personal details
- Any change in mobile number, email address, or residential address must be filed in DIR-3 KYC Web within 30 days of such change, along with the applicable fee
Single form approach
The amendment replaces e-form DIR-3 KYC and web form DIR-3 KYC Web with one consolidated form: DIR-3 KYC Web, to be used for:
- Routine KYC compliance
- Updation of mobile number, email address, or residential address
- Reactivation of DIN
Points to note
- Updates to residential address, in addition to mobile number and email address, require filing DIR-3 KYC Web
- Fees for updates and delayed filings remain unclear, with further clarification expected through amendments to the Companies (Registration Offices and Fees) Rules, 2014
