India, Jan. 2 -- The annual KYC requirement for directors in companies under rule 12A of the Companies (Appointment & 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 M/o Corporate Affairs in consultation with concerned Ministries/ Departments.
Pursuant to the amendment in the Rules notified on 31stDecember, 2025 (to be effective from 31stMarch, 2026), annual KYC filing requirement has been replaced with a simpler KYC intimation once in every three years. The revised simpler KY...