Explore all the details you need about Form DPT-3 Return Filing, tailored for your needs.
Every company, excluding government companies, must file Form DPT-3 by June 30th to report deposits, loans, and amounts that don't qualify as deposits.
The DPT-3 return includes details of deposits, outstanding loans, and non-deposit amounts as of March 31st each year. The return is audited by the company's auditor for compliance and accuracy.
To safeguard the interests of creditors and depositors, the Central Government, in consultation with the Reserve Bank of India, introduced an amendment to the Companies (Acceptance of Deposits) Rules 2014 through the Companies (Acceptance of Deposits) Amendment Rules 2019.
In line with this, MCA, vide its notification dated 22nd January 2019, notified that every company other than a government company must file a one-time return in DPT 3. It is also required to be filed annually.
Form DPT-3 applies to various company types in India, with certain loans also requiring filing.
Private limited companies must file Form DPT-3 if they have any deposits or loans to report.
Public limited companies are also required to file Form DPT-3 to disclose their deposits and loans.
One Person Companies (OPCs) are eligible for filing Form DPT-3, similar to private and public limited companies.
Both small and non-small companies need to comply with DPT-3 filing regulations if they have outstanding loans or deposits.
If a company has obtained a loan from its holding company, filing Form DPT-3 is mandatory.
Under the Acceptance of Deposits Rules of 2014, certain companies are exempted from filing the DPT-3 form as per the Companies Act. The exemptions primarily relate to the filing of loan returns.
All companies, except those mentioned under exemptions, are required to file the DPT-3 return if they have received certain types of financial transactions, such as deposits, loans, or advances.
Form DPT-3 focuses on reporting deposits a company receives. The following transactions are not considered deposits and do not require DPT-3 filing:
The due date for filing Form DPT 3 is June 30th of every year. This deadline applies to all companies required to report their deposits or outstanding receipts of loans or money not considered deposits for the financial year ending on March 31st.
To complete the filing of Form DPT-3, the following documents are typically required:
The fees for filing Form DPT-3 are determined as per the Companies (Registration Offices and Fees) Rules.
Non-compliance with the DPT-3 filing requirement pursuant to Rules 16 and 16A of the Companies (Acceptance of Deposits) Rules, 2014 can lead to penalties and other legal consequences. Therefore, it is in the best interest of companies to diligently complete and submit the form to the MCA within the stipulated timeframe. By doing so, companies can maintain good standing with regulatory authorities and ensure that their financial activities are in accordance with the applicable laws and regulations.
According to the Companies Act 2013, if a company or any of its officers fail to comply with the filing requirement of Form DPT-3 or commit any default related to the filing, they can be subjected to penalties.
The company itself can be fined an amount that may extend up to five thousand rupees.
The officers of the company who are responsible for the default can also be fined an amount that may extend up to five thousand rupees.
If the contravention or default is a continuing one, i.e., it persists beyond the first day, then a further fine may be imposed. This additional fine can be up to five hundred rupees for each day after the first day, during which the contravention continues.
These penalties are intended to ensure compliance with the filing requirements and regulations under the Companies Act 2013. For companies and their officers to fulfil their obligations, including the timely and accurate filing of Form DPT-3, to avoid such penalties and maintain compliance with the law.
Form DPT-3 is a web-based form that must be filed online through the Ministry of Corporate Affairs (MCA) website. The process involves several steps, which are outlined below to give you a comprehensive understanding of the DPT 3 filing procedure. If you encounter any issues or need professional assistance, our experts are always available to help.
Go to the MCA website. This is the official portal for all e-filing and services provided by the Ministry of Corporate Affairs, including the filing of Form DPT-3. Log into your account. If you do not have an account, you can create one by registering as a Business User.
Once logged in, go to the main menu, and under the MCA Services section, click on e-filing services. From the dropdown menu, select Deposit Related Filings and then access the DPT-3 Webform. The entire process is conducted online from start to finish.
Fill out the form with the required details like CIN of the company, email ID, business activities, net worth, charge particulars, and outstanding amounts. Attach the necessary supporting documents in digital format.
Forms to be used: Form DPT-3
After filling out the form and attaching the required documents, submit the form online. A Service Request Number (SRN) will be generated, which you can use to track the status of your form until all formalities are completed.
Authenticate the form with the applicant's Digital Signature Certificate (DSC) and pay the required fee for the DPT-3 filing. The fee varies based on the company's nominal or paid-up capital and increases accordingly.
You will receive an acknowledgement of your filing on your registered email address, confirming that the Registrar of Companies has received the return of deposits for the financial year.
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