DPT-3 | Urgent Notification

Dear Concerned,

If your Company have taken any loan or deposit then it is required to file DPT-3 urgently.

1.       What is notification for DPT-3?

Ministry of Corporate Affairs have notified Companies (Acceptance of Deposits) Amendment Rules, 2019 on 22^nd January, 2019.

2.       On whom it will be applicable?

It will be applicable on all the Companies covered under Companies Act, 2013 other than Government company shall file a ONETIME RETURN OF OUTSTANDING RECEIPT OF MONEY OR LOAN by a company but not considered as deposits. It is equally applicable on all companies irrespective of capital, constitution or registration.

3.       What is to be reported?

Each and every company who have taken loan from any entity which includes Bank, Financial Institution, Director or any other person shall file the form DPT-3 one time.

4.       When it is required to be filed?

The Companies shall file the return half yearly which means that the Companies Shall file return every year after 31^st March and 30^th September. However, initially every Company falling under the criteria shall file the return dated 22^nd January, 2019.

5.       What is the format?

Form DPT-3 is required to be file online. However, the e-form (as on 11^th February, 2019) have not been notified. 

6.       What will happen if you don’t file?

MCA have not given any penalty provisions yet. Hence, general penalty will be levied upon the Company and the officers in default.

Notification as follows:

http://www.mca.gov.in/Ministry/pdf/CompaniesProspectusAllotmentRule_23012019.pdf