E FORM DPT-3 in India

Filing of MCA Form DPT-3

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.

DPT-3 Applicability

EForm DPT-3 applies to all types of money or debts like secured,Unsecured,External,Commercial Borrwings and Others.

Furthermore, even if the Company has received the loan from the some different type of entities like Holding Company, Subsidiary Company, and Associate Company. 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. Registrationwala 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.

Eligibility criteria for E FORM DPT-3 in India

The companies that are eligible to file FORM DPT-3 are the following:

• Private Limited Companies
• One Person Companies
• Public Limited Companies
• Section 8 Companies

Note: Government companies are exempted from filing this e-form.

Exemptions from filing the DP3 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: 

• Banking Institution
• NBFCs (Non-Banking Financial Company)
• Housing Finance Company registered under the National Housing Bank
• OR any other company notified under subsection (1), section 73, Companies Act

Consequences of Default in 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:

Penalty on the Company

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. 

Penalty on the Officers

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.  

Penalty in case of default in paying the Fine

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.

Distinction between Deposits and Non-Deposits

1. 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. 
2. Fund received from Government, Foreign Government, and Foreign Bank.
3. Loans disbursed from Public Financial Institutions, Insurance Companies, and Banks
4. Intercompany transactions.
5. Company's subscription to securities and their advance call.
6. Funds received from Company's Director and relative to the director of a Private Limited Company, someone who is managing the directorship at the time of lending 
7. 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.
8. Funds received from a Startup Company of 25 lakh or more in convertible notes in a single tranche.
9. Funds received by the issuing secured bonds or debentures.
10. Unsecured fund transfer from Company's promoters.
11. Funds received from the Nidhi Company or the Chit Fund Company under the Chit Funds Act of 1982.
12. Fund collected from Collective Investment Scheme, Alternate Investment Funds and Mutual Funds (SEBI registration).
13. An amount that is not listed as a deposit under the Companies Act.

Documents required for filing E FORM DPT-3

The documents required to file FORM DPT-3 are the following:

• Auditor's Certificate
• Deposit Insurance Contract
• Copy of the trust deed
• Copy o the instrument Creating Charge
• List of Depositors
• Details of the liquid assets.
• Outstanding receipts of money or loans taken by a company which has not been considered as deposits.

Process for filing E FORM DPT-3

The process of filing the DPT-3 E Form is as follows:

1. Gather the requisite documents.
2. Go to the MCA portal.
3. Fill out the E FORM DPT-3.
4. Submit the application form.
5. Receive the confirmation from the MCA.

Our Assistance in filing the E FORM DPT-3

We at Registrationwala provide end-to-end solutions for filing E FORM DPT-3. Our services include:

• Collection of information and starting the process.
• Creating the first compliance draft.
• Reviewing the draft and making changes if necessary.
• Providing you with the confirmation receipt.

Registrationwala.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.

FAQs

Q. What is the Form DPT-3 due date of 2022?

A. The e-form DPT-3 last date for annual returns filing in 2022-2023 was June 30, 2022.

Q. What are the DPT 3 filing charges?

A. The DPT-3 filing fee depends on the Company's nominal share capital. To know more about the DPT filing process, connect with Registrationwala.

Q. How to file DPT 3?

A. You can file the e-form DPT-3 online by visiting the MCA portal.

Q. Is DPT 3 applicable to section 8 Company?

A. Yes.

Q. What is the last date for filing the DPT-3 in 2022?

A. The e-form DPT-3 due date for annual returns filing in 2022-2023 was June 30, 2022.

Q. Who must we file the DPT-3 form to?

A. To the Ministry of Corporate Affairs

Q. What is DPT 3?

A. DPT 3 form is a one-time return loans form. The Company must file such Form which has outstanding loans treated as non-deposits.

Q. Is DPT 3 applicability all-encompassing?

A. No. There are certain exemptions to the DPT-3 form filing. Please refer to the eligibility section of this page. To know more about DPT registration and DPT 3 compliances, connect with the Registrationwala.

Q. Is there a DPT 3 fee for filing returns?

A. Yes, the DPT-3 filing fee depends on the Company's nominal share capital. 

Q. What is the DPT 3 filing fee?

A. The DPT-3 filing fee depends on the Company's nominal share capital. To know more about the DPT filing process, connect with Registrationwala.

Q. Is it mandatory to file DPT 3 form?

A. Yes, for eligible companies. Otherwise, the defaulters will have to face legal action and pay the penalties. Refer to the section

Q. Is DPT 3 applicable for LLP?

A. No.

Q. How to fill DPT 3 form?

A. You can refer to the process section of this webpage.

Q. What is DPT 3 form by MCA?

A. DPT 3 form is a one-time return loans form. The Company must file such Form which has outstanding loans treated as non-deposits.