The corporate affairs ministry now requires company directors to file KYC once every three years instead of annually.

The corporate affairs ministry has relaxed KYC compliance rules for company directors, allowing them to file details once every three years starting March 31. Directors who have completed their latest KYC must file next by June 30, 2028, while others must reactivate their DINs by March 31. Additionally, rules for voluntary closure of state-run companies have been simplified through a centralised electronic system. These changes reduce compliance burdens and ease exit for sick government firms.