Expert Assistance with DPT-3 Return Filing

DPT 3, also known as "Return of Deposits," is a compulsory filing requirement for companies to furnish crucial information regarding their deposits or outstanding receipts of loans or non-deposit transactions. Form DPT-3 is mandatory for all companies except government companies. Its purpose is to report the company's deposit-related activities or transactions that do not fall under the definition of deposits. By complying with this filing requirement, companies contribute to transparency and ensure adherence to regulatory guidelines, promoting accountability in their financial operations.

At IndiaFilings, we understand the complexities of preparing and filing the DPT 3 return and the importance of adhering to regulatory guidelines. Our expert professionals possess extensive knowledge of company law and are well-versed in the intricacies of DPT 3 compliance. Make sure to let the complexities of DPT 3 compliance burden your organization. Let IndiaFilings be your trusted partner in ensuring seamless and compliant filing of your DPT 3 return. Contact us today to discover how our professional services can assist you in meeting your regulatory obligations effortlessly.

Form DPT-3 Applicability

DPT-3, the filing of return of the deposit, applies to various types of money or debts, including:

  • Secured
  • Unsecured
  • External,
  • Commercial borrowings, among others.

Even if a company has received a loan from the following entities, it must file Form DPT-3.

  • Holding company
  • Subsidiary company
  • Associate Company

Eligible Company for DPT-3 Return Filing

The following types of companies in India are eligible to file Form DPT-3:

Please note that government companies are exempted from filing this e-form.

Exemptions from filing DPT - 3 Form

The following companies are exempted from filing the DPT-3 form as per the Acceptance of Deposits Rules of 2014 under the Companies Act:

  • Government companies
  • Banking institutions
  • Non-Banking Financial Companies (NBFCs)
  • Housing Finance Companies registered under the National Housing Bank
  • Any other company notified under subsection (1), section 73 of the Companies Act

Please note that these exemptions apply to the filing of loan returns.

Due Date for filing DPT-3

June 30th is the annual due Date for submitting the return. For instance, in the case of FY 2022-23, the deadline for DPT-03 filing is June 30th, 2023.

If you still need to file Form DPT-3, there's no need to panic. IndiaFilings can handle the form filing process on your behalf. Simply contact us, and we will guide you through the DPT-3 form-filing requirements and procedures.

Information to be provided:

The following particulars are required to be furnished:

  • CIN (Corporate Identification Number) of the company
  • Email ID of the company
  • Objects of the company
  • The net worth of the company
  • Particulars of any existing charges, if applicable
  • Total amount outstanding as of March 31st
  • Particulars of credit rating, if applicable

These details are essential for completing the filing process of Form DPT-3 accurately.

Consequences of default in filing the returns:

Penalty on the Company: The Ministry of Corporate Affairs (MCA) penalizes the company for non-compliance with filing Form DPT-3. The penalty can be either one crore rupees or twice the amount of the deposit, whichever is lower. The maximum penalty can reach up to 10 crore rupees.

Penalty on the Officers: The officers responsible for the default may face penalties, including imprisonment for up to seven years. Additionally, they can be fined from 25 lakhs rupees to two crore rupees.

Penalty for Default in Paying Fine: If the company or the officer fails to pay the imposed penalty, an additional five thousand rupees may be levied. Moreover, the infringement will persist, resulting in a daily fine of 500 rupees from the day of default.

Companies must fulfill their filing obligations to avoid these severe consequences, including substantial financial penalties and potential legal actions against both the company and its officers.

Documents Required for Filing E Form DPT-3:

To file Form DPT-3, the following documents are required:

  • Auditor's Certificate
  • Deposit Insurance Contract
  • Copy of the Trust Deed
  • Copy of the Instrument Creating Charge
  • List of Depositors
  • Details of Liquid Assets
  • Outstanding Receipts of Money or Loans taken by the company that have not been considered deposits

Our Assistance in FORM DPT-3 Filing

At IndiaFilings, we offer complete assistance in filing E FORM DPT-3. Our services encompass the following:

  • Information Collection and Initiation: We collect all the information and documentation required for the filing process.
  • Draft Creation: Our expert team prepares the initial compliance draft based on the provided information and applicable regulations.
  • Review and Modifications: We review the draft and make any required changes or additions to ensure accuracy and compliance.
  • Confirmation Receipt: Once the Form is successfully filed, we will provide you with the confirmation receipt as proof of submission.

IndiaFilings is a reliable legal firm specializing in handling Form DPT-3 filings and providing various business-related services. Contact us today to guarantee prompt and accurate reporting of any outstanding debt or undisclosed funds to the Ministry of Corporate Affairs (MCA). Allow us to assist you in fulfilling your regulatory obligations efficiently.

DPT-3 Filing FAQ's

What is DPT-3 filing?

DPT-3 filing refers to the filing of the e-form DPT-3 with the Registrar of Companies (RoC) as per the Companies Act, 2013. It pertains to disclosing details related to outstanding loans, deposits, and other specified financial transactions by a company.

Which companies need to file DPT-3?

All companies, except government companies and specific exempted categories, must file DPT-3 with the RoC.

What information needs to be disclosed in DPT-3 filing?

DPT-3 filing requires the disclosure of various details, including the amount of outstanding loans, deposits, and other financial transactions, information about the creditors or depositors, and compliance with the rules governing such transactions.

What is the due date for filing DPT-3?

The annual due date for submitting the return is June 30. For example, in the case of FY 2022-23, the deadline for filing DPT-03 is June 30, 2023.

What happens if a company fails to file DPT-3 within the due date?

Failure to file DPT-3 within the due date may result in penalties, late filing fees, and potential legal repercussions. It is essential to comply with the filing requirements to avoid non-compliance consequences.

Can a company revise or rectify DPT-3 filing if there are errors or omissions?

Yes, a company can file a revised or rectified DPT-3 form to correct any errors or omissions in the original filing. However, it should be done within the prescribed timelines and with the necessary explanations.

Are there any exemptions or thresholds for DPT-3 filing?

Yes, certain exemptions and thresholds exist for DPT-3 filing. Small companies, banking companies, and specific transactions exempted by the MCA are not required to file DPT-3. It is crucial to refer to the relevant provisions and exemptions applicable.

Is there any specific format or template for DPT-3 filing?

Yes, the MCA provides a specified e-form DPT-3 for filing. The Form must be filled out accurately, providing the required information in the prescribed format. IndiaFilings can help you file DPT-3.

Are there any supporting documents or attachments required for DPT-3 filing?

To complete the filing of Form DPT-3, the following documents are typically required:
  • Auditor's Certificate
  • Deposit Insurance Contract
  • Copy of the Trust Deed
  • Copy of the Instrument Creating Charge
  • List of Depositors
  • Details of Liquid Assets
  • Outstanding Receipts of Money or Loans

Can a company revise its DPT-3 filing multiple times?

Yes, a company can revise its DPT-3 filing multiple times if necessary. However, it is essential to ensure that each revision is done within the prescribed timelines and with valid reasons for the revision

Is DPT-3 filing applicable for private limited companies?

Yes, DPT-3 filing applies to private limited companies and other companies. Form DPT-3 applies to several types of companies in India. The following categories of companies are eligible to file Form DPT-3:
  • Private Limited Companies
  • One-Person Companies (OPCs)
  • Public Limited Companies
  • Section 8 Companies

Which class of companies is not required to file Form DPT-3?

The following classes of companies are not required to file Form DPT-3:
  • Banking companies
  • Registered NBFCs (Non-Banking Financial Companies), including insurance companies
  • Registered HFCs (Housing Finance Companies)
  • Any other companies that the Central Government may specify.

Can a company seek an extension for DPT-3 filing due to exceptional circumstances?

Extensions for DPT-3 filing due to exceptional circumstances are usually not provided. It is advisable to complete the filing within the prescribed timelines.

Can I file DPT-3 after the due date by paying additional fees?

Yes, companies can file DPT-3 after the due date by paying additional fees as per the late filing provisions specified by the MCA. However, filing as soon as possible is essential to avoid further penalties.

Can a company disclose additional loans or deposits in the revised DPT-3 filing?

Yes, a company can disclose additional loans or deposits in the revised DPT-3 filing if any information was inadvertently missed or needs to be updated. The revised filing should provide accurate and complete details.

Can DPT-3 filing be done manually or only through online filing?

DPT-3 filing is done electronically through online filing using the MCA portal. Manual filing is not accepted for DPT-3.

What are the consequences of non-compliance with DPT-3 filing requirements?

Non-compliance with DPT-3 filing requirements can lead to penalties, late filing fees, legal consequences, and potential disruptions to the company's operations.

Is DPT-3 filing applicable for one-time or recurring transactions?

DPT-3 filing is applicable for one-time and recurring transactions involving loans, deposits, and specified financial transactions as per the Companies Act, 2013 provisions.

Is there any requirement to file yearly/annual returns for Exempted Deposits?

Yes, there is a requirement to file a yearly/annual return for exempted deposits. According to the newly inserted explanation under Rule 16, e-Form DPT-3 will be used as the yearly return of submitting details of exempted deposits.

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