Ministry of Corporate Affairs (MCA) has vide its notification dated 29th August, 2022 amended the Companies (Acceptance of Deposits) Rules, 2014 and introduced the new Web-based form DPT-3 under section 73 of Companies Act, 2013.
On the introduction of the Web based Forms by MCA, the digitization reforms are boosted. The web-based Forms has also helped to widen the scope of information in the form of reporting by the stakeholders.
The object was to institute a transparent and technology driven in house mechanism and simultaneously creating a database online for easy identification and verification of information submitted by stakeholders.
The Revised Format of the Web version has undergone the following changes:
|Details of Loan (in INR)
|Ageing of Loan (in Years)
|Additional Loan during the year
|Repaid during the year
|Any other Adjustment
|Loans out-standing for less than or equal to 1 year
|Loans out-standing for more than 1 year and less than 3 years
|Loans Out-standing for more than 3 years
Conclusion: The Stakeholders are now required to ensure that the Financials are audited within the stipulated timeframe so that the disclosure made w.r.t outstanding deposits including exempted deposits in Web Form DPT-3 by 30th June every year in an accurate and appropriate manner so that the true essence of this form is maintained with enhanced transparency.