Regulatory Filings – DIR-3 KYC, DPT-3, BEN-2, MSME-1, MGT-14
Regulatory filings with the Ministry of Corporate Affairs (MCA) and other statutory authorities are mandatory for companies and directors. These filings ensure transparency, proper reporting, and alignment with the Companies Act, 2013. Unlike annual filings, regulatory filings can be annual or event-driven, each carrying strict timelines and penalties for delay.
Forms like DIR-3 KYC, DPT-3, BEN-2, MSME-1, and MGT-14 play a vital role in corporate compliance. For instance, DIR-3 KYC ensures updated director information, DPT-3 reports deposits and loan details, BEN-2 discloses significant beneficial ownership, MSME-1 tracks payments to micro and small enterprises, and MGT-14 captures board/shareholder resolutions.
Failure to comply can result in monetary fines, disqualification of directors, reputational damage, and legal scrutiny. With regulations frequently evolving, businesses often struggle to stay compliant. Our firm provides end-to-end support, from identifying filing requirements to preparing documents and submitting accurate e-forms within deadlines.
We act as a compliance partner, ensuring that companies and directors meet all statutory obligations without the stress of missed filings or penalties.
DIR-3 KYC – Director Identification & Verification
Every director holding a DIN (Director Identification Number) must complete annual KYC through DIR-3 KYC. Failure to comply leads to deactivation of DIN and penalties. We manage the entire process, from validation of director details to filing, ensuring directors remain in good standing with MCA.
DPT-3 – Return of Deposits and Loan Reporting
Companies are required to file Form DPT-3 annually, disclosing deposits, loans, and non-deposit receipts. This filing improves transparency about a company’s liabilities and financial obligations. We prepare accurate records, reconcile loan agreements, and file DPT-3 within timelines to avoid late fees.
BEN-2 – Significant Beneficial Ownership Disclosure
Form BEN-2 is filed to declare the ultimate beneficial owners (SBOs) of a company. It strengthens transparency in ownership and prevents misuse of shell structures. We help identify SBOs, draft necessary declarations, and ensure proper filing to meet compliance norms.
MSME-1 – Delayed Payments to MSMEs
Companies that owe payments to Micro and Small Enterprises beyond 45 days must report such delays in Form MSME-1. This filing ensures accountability towards small vendors. We assist in preparing disclosures, reconciling outstanding payments, and timely submission of MSME-1.
MGT-14 – Filing of Resolutions & Agreements
Certain board and shareholder resolutions (like borrowings, investments, director approvals, etc.) must be filed with MCA in Form MGT-14. We draft resolutions, prepare supporting documents, and ensure filings are done in compliance with Section 117 of the Companies Act.
Frequently Asked Questions (FAQs)
DIR-3 KYC is mandatory for all directors with a DIN. It ensures their personal and professional details remain updated with MCA.
DPT-3 discloses deposits, loans, and money received by a company, ensuring regulators have visibility into its liabilities.
BEN-2 helps MCA track significant beneficial owners of companies, ensuring transparency and preventing money laundering through layered ownership.
Any company with outstanding payments beyond 45 days to registered MSMEs must file MSME-1, regardless of industry.
Corporate Compliance with MCA
CA. Dhiraj Jain
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