- CS Ishrat Siddiqui
- | Company Law - Articles |
- 09 Feb 2019
- 9,561 Views
- 1 comment
Reporting Of Outstanding Receipt of Money or Loan By A Company Which Not Considered As Deposits in Form DPT 3 as notified by Companies (Acceptance of Deposits) Amendment Rules, 2019.
Page Contents
MCA NOTIFICATION
These rules may be called the Companies (Acceptance of Deposits) Amendment Rules, 2019.
In the said rules, in rule 16, the following Explanation shall be inserted, namely:-
“Explanation- It is hereby clarified that Form DPT-3 shall be used for filing return of deposit or Particulars of transaction not considered as deposit or both by every company other than Government Company.
Here return means Return of Deposit & Return for particulars of transaction not considered as deposit.
In the said rules, in rule 16(A), after sub-rule (2), the following sub-rule shall be inserted, namely:-
“(3) 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 terms of clause (c) of sub-rule 1 of rule 2 from the 01 April, 2014 to the date of publication of this notification in the Official Gazette, as specified in Form DPT-3 within ninety days from the date of said publication of this notification.
Here Return means “Return for particulars of transaction not considered as deposit”.
APPLICABILITY
So all Co Public or Pvt (other than govt co) require to file DPT3.
MEANING OF OUTSTANDING RECEIPT OF MONEY OR LOAN BUT NOT CONSIDERED AS DEPOSITS
- Any amount received as a loan or facility from any banking company/ Public Financial Institutions
- Any amount received from government
- Any amount received from foreign Governments; or Foreign or international banks/ Financials Institution/ Foreign body corporates/Collaborator/Foreign citizen/Foreign export credit agencies;
- Any amount received against issue of commercial paper
- Any amount received by the company from any other company (inter corporate loan/investments).
- share application money or advance towards allotment of securities pending allotment,
- Any amount received from a person who, at the time of the receipt of the amount, was a director of the company or the relative of the director of a private company.
- Any amount raised by the issue of bonds or debentures
- Any amount received from an employee of the company
- Any amount received in course of, or for the purposes of the business of the company- As an advance for supply of goods or provision of services/As advance accounted in connection with consideration for immovable property/As security deposit /advance received under long term projects for supply of capital goods, etc.
- Such other outstanding receipt of money or loan which have not been considered as deposits as per Companies Act
DUE DATE OF FILING DPT3
Due Date as per Rule 16A – 22 April 2019
Due date as per Rule 16 – Every year after end of financial year before 30 June.
INFORMATION TO BE REQUIRED FOR FILING DPT3
In form following information file-
CIN, Name, purpose, object, Net worth, total no of deposit holder, particular of deposit, particular of liquid asset, particular of charge, Total amounts of outstanding money or loan received by a company but not considered as deposits.
Attachments
1. Auditor’s certificate;
2. Copy of trust deed;
3. Copy of instrument creating charge;
4. List of depositors;
5. Details of liquid assets;
6. Optional attachment, if any.
Author Bio
My Published Posts
Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Whatsapp
GROUP LINK
Join us on Telegram
GROUP LINK
More Under Company Law
One Comment
Leave a Comment
Latest Posts
- GST Appellate Tribunal Benches: Expansion, Criteria and Rising Appeals
- Demand invoking extended period unsustainable without proving willful mis-statement or suppression
- No Tax Authorities can step into shoes of businessmen to determine expenditure for business purpose
- Income Tax Insights 2022-23: Returns, Collections and Expenditure
- Analysis of GST Collections: FY 2022-23 Insights and Reforms
- CA Firms Engagement in PSBs: Recent Changes and Trends
- FAQs on SOP for Inspection: EPFO Circulars Decoded
- Violation of Section 14 & Article of Association- MCA Imposes Penalty
- Consultation Paper on Framework for Quality Assurance in Real Estate Projects
- Guidelines for Prevention and Regulation of Dark Patterns, 2023
Popular Posts
- Due Date Compliance Calendar December 2023
- December 2023 Tax Compliance Tracker: Income Tax & GST Deadlines
- ICAI issues Guidelines for using the new CA India logo for CA members
- GST compliance calendar for December 2023
- Dealing with GST Notices: Challenges, Types and Solutions
Featured Posts
- Due Date Compliance Calendar December 2023
- December 2023 Tax Compliance Tracker: Income Tax & GST Deadlines
- 12 New Features on GST Portal: Registration, Aadhaar Authentication, Refunds & Payments
- GSTN Advisory: Two-factor Authentication for Taxpayers
- Biometric Aadhaar Authentication: GST Registration Advisory for Andhra Pradesh
What does mean by “inter corporate loan/investments” as per (Meaning of Outstanding receipt of Money or Loan But not considered as deposits) Companies Acceptance of deposites Amendment rules, 2019 ?