e-form DPT-3 applicability and implications
The Ministry of Corporate Affair vide its notification dated January 22, 2019 had directed Every Company to file the e-Form DPT-3, except the following:
- Government Company;
- Non-banking and finance company; and
- Banking Company
Before January 22, 2019, only the company, who accepted the Deposits were required to file a return of deposit in e-Form DPT-3 by furnishing the details of deposits. But now, every Company (except the three mentioned above) need to file a one-time Return and Yearly Returns for Exempted Deposits.
NIL return: There is no requirement to file NIL return in Form DPT-3.
| Particulars | One time return of exempted deposit | Yearly return of exempted deposit | Return of Deposit |
| Requirement of filing | Once | Every year | Every year, if the Company has accepted the deposits. |
| Due date of filing | June 29, 2019 | June 30 of every year | June 30 of every year |
| Information to be furnished |
|
The yearly return filed for outstanding amount of money received and not classified as deposit can include money received prior to 01 April 2014 and which is outstanding as on 31 March 2019 | The details of deposit accepted by the Company |
| In simple terms, the total outstanding amount of exempted deposit as on March 31, 2019 is need to furnish in one-time return. Further, the said outstanding amount of exempted deposit should related to the period of 1st April, 2014 to 31st March 2019. | In simple terms, the total outstanding amount of exempted deposit at the end of financial year is need to furnish in yearly return. Further, the said outstanding amount of exempted deposit can be related to any of the period.
The outstanding amount shall also include the interest on it, if any. |
Deposit includes any receipt of money by way of deposit or loan or in any form except the transaction excluded under this rule. | |
| Mandatory attachment | To be Digitally signed by Director or Manager or CEO or CFO or CS whose signature is registered on the MCA Portal | To be Digitally signed by Director or Manager or CEO or CFO or CS whose signature is registered on the MCA Portal | Statutory Auditor certificate |
Although, there is no mandatory attachments for filing of one time return as well as the yearly return of exempted deposits however, it is recommended to obtain the Statutory Auditor Certificate as a back-up documents for the internal record of the Company for both the returns.
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