KYC compliance: Govt to allow directors to submit details with reduced fee for 15 days
The government will give 15 days more to directors to comply with KYC requirements by paying a reduced fee of Rs 500, a senior official said Thursday.
Nearly 21 lakh directors failed to submit the requisite details when the deadline set by the Corporate Affairs Ministry ended on September 15.
The ministry has already started de-activating the Director Identification Numbers (DINs) of individuals who did not submit the KYC (Know Your Customer) details.
DIN is a unique number allotted to individuals who are eligible to have directorship on the boards of registered companies.
Directors can comply with KYC requirements by paying a reduced fee of Rs 500 for 15 days starting from September 21, the official told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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