Directors’ annual KYC filing requirement now once in 3 yrs
image for illustrative purpose
New Delhi: The government on Thursday said that annual KYC filing requirement for directors in companies has been replaced with a simpler KYC intimation once in every three years, to be effective from March 31, 2026.
The annual KYC requirement for directors in companies under rule 12A of the Companies (Appointment and Qualification of Directors) Rules, 2014 has been reviewed pursuant to examination in the Ministry of Corporate Affairs, recommendation made by the High-Level Committee on Non-Financial Regulatory Reforms (HLC-NFRR) and suggestions received from stakeholders.
The relevant rule in this regard has been amended by the Ministry of Corporate Affairs (MCA) in consultation with concerned ministries and departments.
