Amendment in Deposit Rules for Companies

By Companies (Acceptance of Deposits) Amendment Rules, 2019: Every Company other than Government Company shall file a onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in term of clause (c) of sub-rule 1 of rule 2 from the 01st April, 2014 to the date of publication of this notification in the official Gazette (i.e. 22nd January, 2019) in e-form DPT-3 within 90 days from the date of publication.

The due date of filling the following details is on or before 22nd April, 2019.

Total amount outstanding in form of unsecured loan from 1st April, 2014 to 22nd January, 2019, received from:

  • Director
  • Relative of Director
  • Shareholders
  • Another Company
  • Banks/Financial Institutes
  • Foreign Individual
  • Foreign Body Corporate
  • As an advance for supply of Goods, services, immovable properties
  • On issue of bonds/Debentures
  • Any amount of twenty five lakh rupees or more received by a start up company, by way of convertible note (convertible into equity shares or repayable within a period not exceeding five years from the date of issue) in a single tranche, from a person.
  •  Any amount received by a company from –

            (A) Alternate Investment Funds;

            (B) Domestic venture Capital Funds;

            (C) Infrastructure Investments Trusts;

            (D) Real Estate Investment Trusts;

            (E) Mutual Funds registered with the Exchange Board of India.

The Author can be reached on +91 9664760174 or at [email protected]

Author Bio

Name: Pankaj
Qualification: CA in Job / Business
Company: N/A
Location: Mumbai, Maharashtra, IN
Member Since: 20 Feb 2019 | Total Posts: 1

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June 2021