DIR-3 KYC Filing Reduced to Once Every Three Years to Cut Compliance Burden
The Ministry of Corporate Affairs has introduced significant amendments to the DIR-3 KYC compliance framework to simplify regulatory requirements and enhance ease of doing business for directors. Under the revised rules, directors holding a DIN as of 31st March of a financial year are required to file Form DIR-3 KYC Web once every three financial years, instead of annually, with a deadline of 30th June.