MCA Introduces IVR System for Foreign Directors to Ease DIR-3 KYC Filing Amid OTP Issues

The Ministry of Corporate Affairs (MCA) introduced an Interactive Voice Response (IVR) system to assist foreign directors facing difficulties with OTP-based filing of DIR-3 KYC forms. Many foreign directors reported repeated failures in receiving OTPs, causing compliance delays and potential penalties. The new system allows directors to complete KYC verification over the phone, ensuring timely compliance with Companies Act requirements. This initiative demonstrates the MCA’s effort to enhance accessibility, simplify compliance procedures, and reduce technical hurdles for foreign stakeholders in Indian companies. By streamlining KYC processes, the IVR system mitigates administrative delays, facilitates corporate governance, and ensures adherence to statutory obligations.