The eForm DPT-3 is the recent compliance that needs to be filled in India by certain companies that are have taken money or debt but have not marked them as deposit. If you are one of them, contact Barrister Babu right away and we shall begin with it.
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Has your Company taken any money or debt and hasn't marked it as a deposit? If the answer to this question is yes, you must file an annual return to the Ministry of Corporate affairs. This needs to be filed in eForm DPT-3.
EForm DPT-3 applies to all types of money or debts, such as:
Furthermore, even if the Company has received the loan from the following type of entities, it needs to file the FORM DPT-3:
If you haven't filed this Form already, then you should hurry. The final date of filing DPT-3 arrived on June 30 of every financial year. However, there is no need for you to get desperate. Barrister Babu can file this Form on your behalf straight away. All you need to do is contact us, and we shall begin. We will let you know all about DPT 3 form-filing.
The companies that are eligible to file FORM DPT-3 are the following:
Note: Government companies are exempted from filing this e-form.
The MCA exempts government companies from filing loan returns. The Acceptance of Deposits Rules of 2014 from the Companies Act exempts the following companies from filing the returns:
In case a company, despite accepting deposits, does not adhere to the one-time returns requirements of filing the Form DPT-3, it will face serious consequences, such as:
The MCA shall impose a penalty of one crore or twice the deposit's amount, whichever is lower. The penalty can extend upto 10 crore rupees.
The MCA shall punish the involved officers with imprisonment of up to seven years. He will also be fined 25 lakhs rupees, extending to two crore rupees.
If the Company or the officer defaults on the fine, they may have to pay an additional five thousand rupees. This contravention will continue, with a fine of 500 rupees every day since the default.
You can download the DPT3 auditor certificate format (in Word) from the Registreationwala website.
Every registered Company must make a distinction between the deposits and non-deposits eligible for filing the returns in the e-Form DPT-3 to the MCA. Here, we have listed some of the funds accepted or arranged by the Company, which are not considered a deposit and, therefore, must not be filed for returns.
1. Fund received from the following:
2. Loans disbursed from any one of the following:
3. Intercompany transactions
4. Company's subscription to securities and their advance call
5. Funds received from an employee. The amount does not exceed the employee's annual salary per the employment contract. An example of such is a non-interest-bearing security deposit.
6. Funds received from a Startup Company of 25 lakh or more in convertible notes in a single tranche
7. Funds received by the issuing secured bonds or debentures
8. Unsecured fund transfer from Company's promoters
9. Funds received from the Nidhi Company or the Chit fund Company under the Chit Funds Act of 1982
10. Fund collected from any one of the following:
11. An amount that is not listed as a deposit under the Companies Act
The documents required to file FORM DPT-3 are the following:
The process of filing the DPT-3 E Form is as follows:
We at Barrister Babu provide end-to-end solutions for filing E FORM DPT-3. Our services include:
Barrister Babu.com is a leading legal consultancy firm providing comprehensive services for E FORM DPT-3. Contact us now to inform the MCA about any debt or money they have yet to be informed about.