DPT-3 (RETURN OF DEPOSIT)

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OVERVIEW

As per Companies Act, 2013 INC-20A is known as Return of Deposits.
Provisions are prescribed in the Companies Act and rules for the purpose of protecting interest of the deposit holder.

Companies accepting deposits shall file return of deposit in form DPT-3 annually with the registrar providing status as on 31st march of the year.

HOW WE WORK

1. Fill the Form and make payment.

2. Get a call from our experts us.

3. Collection of required documents and drafting.

4. Drafting & Filing FORM.

CONGRATULATIONS YOU GOT YOUR DIR-3 FILED!!!

DOCUMENTS REQUIRED FOR DPT-3

Auditors certificate

Certificate of Auditor for deposits eligibility.

Deposit trust deed

Scanned Copy of deposit trust deed.

List of depositors

List of depositors with KYC details and deposits taken.

Copy of Charge instrument

Copy of instrument creating charge (In case of secured deposits).

APPLICABILITY TO FILE THE DPT-3 FORM

All the companies including small, private, non-small, OPC, etc shall file DPT-3 form in following cases:

The companies have received loan and such amount is due.
Companies having both secured, and unsecured Loans along with advances for goods and services.
The Holding Company or Subsidiary Company or Associate Company obtains the loan.
Company has not paid the loan which is still continuing after 1st April 2014.

PURPOSE OF DPT-3 FORM

To get information of Deposits received by the Company.
To get entity wise information of loan received by the Company.
To check compliance as per provisions of companies act.
To keep control over the Companies from acceptance of Loan, Deposits and Advance.

DUE DATE OF FILING FORM DPT-3

Return of deposits every year in form DPT-3 on or before 30th June shall be filed by every company other than government company.

PROCEDURE FOR FILING OF FORM DPT-3

PREPARING ACCOUNTS OF COMPANY

Preparation of Books of Accounts and Financial Statements of the year including correct amount of outstanding money or loan received and should be prepared according to accounting standards and principle of accounts.

AUDIT BY AUDITOR

The annual accounts after preparation should be audited by the statutory auditor of the company. The auditor will submit his audit report and certificate certifying that the outstanding amount or loan received by the company is in the prescribed manner.

FILING FORM

Download form DPT-3 from MCA portal For filing return of deposits with the registrar. Filling of the required particulars of form and attaching the required documents.

SUBMISSION OF FORM

Digitally signing the form and submitting it with the prescribed fees on the MCA portal.

CONSEQUENCES OF NON-FILING OF DPT-3

In case of non-filing of Form DPT-3, Company and officer in default shall be punishable with the penalty of Rs. 5000.
In case continuing default Rs. penalty of 500 per day till the continuation of default.

Frequently Asked Questions

For what purpose e-form DPT-3 is used?

E-form DPT-3 is used for the purpose of filing return of deposits by every company other than government company accepting deposits, with the Registrar of Companies.

What Conditions are required to be fulfilled for accepting deposits?

Conditions are required to be fulfilled for accepting deposits are-

Passing of special resolution for accepting deposits from general public.
Appointing deposit trustee.
Executing of deposit trust deed.
Obtaining credit rating for inviting deposits from public.

What are the ways of filing form DPT-3?

There are ways of filing form DPT-3 –

One time return: Disclosure of details of outstanding money or loan received by the company which is not considered as deposits according to the rules.
Annual return: Form of return of deposits filed by the company every year.

What is the Due date of filing form DPT-3?

Return of deposits every year in form DPT-3 on or before 30th June shall be filed by every company other than government company.

Which companies are Exempted from filing the form DPT-3?

Following companies are Exempted from filing the form DPT-3-

Non-Banking Financial Companies (NBFC)
Government companies.
Housing Finance Companies.

What are the required Attachments for filing DPT-3?

Attachments required for filing DPT-3 are-

Auditors certificate.
In case of secured deposits- copy of instrument creating charge.
Copy of deposit trust deed.
List of depositors.

What are the Consequences of non-filing of form DPT-3?

In case of defaulting in filing of DPT-3, the company and officers of company in default shall be punishable with the penalty of Rs. 5000 and in case of continuous default Rs. 500 per day during the period of such continuation.

Can filing of return of deposits in form DPT-3 allowed after due date?

Yes, form DPT-3 can be filed even after the due date by paying Late fee of attracted to the non-filing.

Do the applicant requires to present physically for filing FORM DPT-3?

No, You are not required to be physically present for the filing FORM DPT-3. LegalDisha provides you online services and assistance for the same.