India Grow, You Grow
📄 Form DPT-3 Return Filing | Annual Compliance for Companies
Every company, except government companies, must file a return of deposits in Form DPT-3 with the Ministry of Corporate Affairs (MCA) by June 30th each year. This return captures details of deposits, outstanding loans, and amounts received that are not considered deposits as of March 31st of that financial year. The DPT-3 return must be audited by the company’s auditor to ensure accuracy and compliance.
India Fills experts can assist you with accurate and timely filing of your DPT-3 form to simplify your compliance requirements.
🔍 Introduction to DPT-3 Filing
To protect creditors and depositors, the Central Government, in consultation with the Reserve Bank of India (RBI), amended the Companies (Acceptance of Deposits) Rules, 2014 through the Companies (Acceptance of Deposits) Amendment Rules, 2019.
As per the MCA notification dated 22nd January 2019, every company except government companies must file a one-time return in Form DPT-3 for the period from 1st April 2014 to 31st March 2019, along with an annual return thereafter. This is mandated under Rule 16A(3) of the Companies (Acceptance of Deposits) Rules, 2014.
✅ Eligible Companies for Form DPT-3 Filing
Form DPT-3 applies to a broad range of companies, including:
- Private Limited Companies
- Public Limited Companies
- One Person Companies (OPC)
- Small and Non-Small Companies
Also, companies must file DPT-3 even if they received loans from:
- Holding Companies (with controlling stake)
- Subsidiary Companies (controlled by the borrowing company)
- Associate Companies (with significant influence)
Note: Government companies are exempt from filing Form DPT-3.
🚫 Exempted Companies from Filing Form DPT-3
Certain companies are exempt from filing Form DPT-3, including:
- Government Companies fully owned and controlled by Central or State Governments.
- Specified Financial Institutions such as:
- Banking Companies regulated by RBI.
- Non-Banking Financial Companies (NBFCs) registered with RBI.
- Housing Finance Companies registered with National Housing Bank (NHB).
- Other companies notified by MCA under special provisions.
📋 Applicability of Form DPT-3
Form DPT-3 must be filed by all companies (except exempted ones) if they have received:
- Deposits from members or directors
- Loans from third parties
- Advances for goods or services (secured or unsecured)
This includes:
- Secured Debts: Loans backed by collateral.
- Unsecured Debts: Loans without collateral.
- External Borrowings: Loans from banks or financial institutions.
- Commercial Borrowings: Loans for business purposes.
❌ Transactions Not Considered Deposits for DPT-3
Form DPT-3 excludes reporting the following:
- Share Capital received from shareholders.
- Debentures issued to investors.
- Advances on confirmed orders.
- Government or foreign receipts.
- Loans from banks or financial institutions.
- Inter-company loans.
- Subscription advances for securities.
- Employee security deposits up to their annual salary.
🗓️ Due Date for Form DPT-3 Filing
- Deadline: June 30th every year
- Financial Year: April 1st to March 31st
- Example: For FY 2023-24, file by June 30, 2024.
📑 Documents Required for Filing Form DPT-3
- Mandatory:
- Auditor’s certificate verifying deposits and outstanding loans.
- Optional (depending on situation):
- Trust deed copy (if trust created to hold deposits).
- Instrument creating charge (if any asset charge created).
- Details and proof of liquid assets.
- List of depositors (if requested by MCA).
💰 Fees for Filing Form DPT-3
Fees are prescribed under the Companies (Registration Offices and Fees) Rules, 2014 and vary based on the company’s paid-up or nominal capital.
⚠️ Consequences of Non-Compliance
Non-filing or delayed filing of Form DPT-3 can lead to:
- Penalties on the company and officers.
- Legal and regulatory action.
- Risk of losing good standing with MCA.
🚨 Penalties for Non-Filing
Under the Companies Act 2013:
- Company Fine: Up to ₹5,000.
- Officer Fine: Up to ₹5,000.
- Additional Fine: ₹500 per day for continued default after the first day.
🖥️ How to File Form DPT-3 Online?
Step-by-step process:
- Login to MCA Portal:
Visit MCA website and log in as a business user. - Access DPT-3 Form:
Under MCA Services → e-Filing → Deposit Related Filings → Select Form DPT-3. - Fill in Required Details:
- CIN of the company
- Official email ID
- Company’s business objectives
- Net worth as per latest financials
- Particulars of charges (if any)
- Total outstanding deposits/loans as of March 31
- Credit rating details (if applicable)
- Upload required supporting documents
- Submit Form:
Submit the form and note the Service Request Number (SRN) for tracking. - Digital Signature & Fee Payment:
Sign the form digitally using DSC and pay the prescribed fees online. - Acknowledgement:
Receive confirmation on registered email confirming receipt of the return.
⚙️ File Form DPT-3 Easily with India Fills!
India Fills provides expert assistance for hassle-free Form DPT-3 filing to ensure your company remains compliant with MCA regulations. Our team guides you through the entire process, from document preparation to final submission.
Contact India Fills today to simplify your compliance and avoid penalties!
