Form - DPT-3
DPT-3 is a one-time loan return form that must be filed by any company with outstanding loans that are not recognized as deposits.
According to the most recent Ministry of Corporate Affairs (MCA) Amendments, all firms, with the exception of government entities, are required to file a one-time return for outstanding receipts of money that are the company’s loan but are not considered deposits.
Form DPT-3- An Overview
Every company other than a government entity must file a one-time return in DPT 3 according to MCA’s announcement dated January 22, 2019. It must also be filed on a yearly basis. As a result, after sub-rule (2) in Rule 16A of the Companies (Acceptance of Deposits) Rules, 2014, a sub-rule (3) was added that reads as follows:
In accordance with clause (c) of sub-rule 1 of rule 2, every firm other than a government corporation must file a one-time refund of outstanding receipts of money or loans by a company that are not considered deposits.
Process OF - Form DPT-3
Here’s how you file the E-form DPT-3 with the Ministry of Corporate Affairs.
Gather all the Information
Keep the corporate’s audited records ready and the facts of the total sum outstanding that is received by the corporation but not recognized as deposits.
Form DPT 3 Downloading
Go to the MCA (Ministry of Corporate Affairs) website and from there download the Form DPT 3.
Fill all the information
To avoid any clerical or non-clerical errors, fill in all of the required information from the relevant sources. While filling out the DPT–3 form, keep the following in mind
- Select the reason for filing. If you only want to file the DPT–3 form once, go with the first option.
- Choose between public and private companies.
- Make sure you fill out all of the required fields.
- You can skip all of the optional information.
- Attach any supporting papers, such as an audited financial statement and a certificate from an auditor.
The signing of Form DPT 3
Recheck the form and sign it with the digital signature when all of the data has been packed in.
Upload Form DPT 3
After signing it with the director’s digital signatures, upload the form to the MCA website and complete the process.
If the company files the form INC-20A within 360 days, the company can be safeguarded from heavy penalties i.e Rs. 50,000 for company & for directors Rs.1000 per day of default up to a maximum of Rs.1 lakh.
Documents Required for Form DPT-3
- Certificate of Auditors.
- Deposit of Insurance Contract, at the time of the requirement.
- a copy of the trust deed deposit.
- The instrument that generates the charge.
- List of depositors – Separate lists for matured deposits and cheques issued but not yet cleared.
- Information on liquid assets.
- Attachments that are optional.
Frequently Asked Questions
The Due date for filing form DPT 3 is 30th June of every year.