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December 22, 2022
Table of Content
Important Update
As form DPT 3 is included in the list of forms under the Companies Fresh Start Scheme (CFSS) 2020, One can file E form DPT 3 till 31st December, 2020 without any late filing fees. Recently the MCA has extended the due date for the conclusion of the CFSS scheme, 2020 from 30th September, 2020 to 31st December 2020 that means you can file your pending DPT 3 form without any late filing fees or penalties till 31st December, 2020.
In order to safeguard the interest of deposit holders and creditors of the company the Central Government in consultation with the Reserve Bank of India (RBI) has published the companies amendment rules. Herein, MCA has made it necessary for all companies registered in India to file the Form DPT-3 on or before 22nd April 2019 (Now, 30th June 2019).
Form DPT-3 is used for filing return of deposit or particulars of any transaction, not considered as deposit or both. The due date for one time form DPT 3 filing is 29th June 2019, while that of the annual return DPT 3 is 30th June 2019. The MCA has made it necessary for all companies registered in India except the government companies to file the Form DPT-3.
Companies that require to file Form DPT 3
Following companies are mandatorily required to file the form DPT 3
- Private Limited Company
- Public Limited Company
- One Person Company (OPC)
- Small Company
The DPT 3 filing fees depends on the company’s paid-up capital.
Notification issued by MCA for form DPT 3
Below is the screenshot of MCA notification for Form DPT 3 issued on 22nd January, 2019 for your reference
The Company will be charged with additional fees if the form DPT 3 is filed after the due date. In order to know more, click here!
Additionally, if a company and the officers in charge fail to file DPT-3 and continue to accept deposits, they have to bear the certain consequences . The company is supposed to pay a fine ranging from INR. 1-10 crores or twice the amount of deposits accepted, whichever is lower. While the officer in charge has to pay a fine ranging from 25 Lacs to 2 crores, along with imprisonment up to seven years.
The documents required to file an E-form DPT 3
- Auditor’s certificate
- Latest Audited Balance Sheet
Total loans received by the company during the period of 01/04/2014 and 31/03/2019 should be reported in Form DPT 3. Only loans sanctioned within these dates are supposed to be reported in the form along with the ones that are outstanding in the balance sheet.
FAQs on Form DPT 3
What is MCA E Form DPT 3?
Every company (except government companies) is supposed to file a one-time return of the outstanding receipt of money or loan taken by the company, not considered as deposits from 01st April 2014 to 31st March 2019. The due date for filing Form DPT-3 is 29th June 2019.
Who should file Form DPT 3?
The MCA has made it necessary for all companies ( except government companies) registered in India to file the Form DPT-3. Small companies are also required to file form DPT 3, like-
- Private Limited Company
- Public Limited Company
- One Person Company (OPC)
- Small Company
Form DPT 3 filing is required for disclosing both secured and unsecured loans and advance for goods and services. Loans obtained from the Holding Company, Subsidiary Company or Associate Company would also be considered to be file the same.
What are the Documents required to file E-Form DPT 3?
- Auditor’s certificate
- Latest Audited Balance Sheet
- NCE sheet of every Company except the government authorised companies as on 31.03.2019 is required to be updated in Form DPT-3.
Are small companies exempted from filing Form DPT 3?
No, there is no exemption as such. Only government companies are not required to file the Form DPT-3.
Which period of outstanding receipt of money or loan should be shown in Form DPT 3?
Total loans received by the company during the period from 01/04/2014 and 31/03/2019 and outstanding as on 31/03/2019) should be reported in Form DPT 3.
Have any queries?
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Form DPT 3
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