DPT-3 – Provision, applicability, Due Date, Purpose
A. Rules for DPT-3:
DPT-3 required to file according to Rule 16 of Companies (Acceptance of Deposits) Amendment Rules, 2019.
B. Purpose of DPT-3
As this form introduced in 2019, the basic purpose of this forms are:
- To get information of Deposits received by the Company
- To get entity wise information of loan received by the Company
- To check compliance of Section 73 by Company
- To keep control over the Companies from acceptance of Loan, Deposits and Advance.
C. Applicability DPT-3:
e-form DPT-3 is applicable on all the Companies (Small, OPC, Non-Small, Public, Listed etc.) except the followings:
- Banking Company.
- Non-Banking Financial Company (NBFCs) registered with RBI.
- Housing Finance Company (HFCs) registered with the National Housing Bank.
- Government Company (in case of Exempted Deposit)
D. Check for DPT-3 Applicability:
To check whether e-form DPT-3 applicable on a company for a particular financial year or not, check the following condition:
- Whether Company is having loan in Books as on 31st March
- Whether Company is having any advance from customer in books as on 31st March
- Whether Company is having any deposit in books as on 31st March
If any of the above condition is fulfilled by the Company. Such Company is required to file e-form DPT-3 for that financial year.
Que: If Company having loan only from Director as on 31 March in Books. Whether Company needs to file DPT-3
Ans: Any loan (Loan received from any person) if standing in books as on 31st March then Company needs to file e-form DPT-3. Even in case of Loan only from Directors company needs to file DPT-3.
E. Due Date:
The Due date of filing of DPT-3 is 30th June every year.
F. What is meaning of “Deposit or Particulars Not Considered as Deposit” as mentioned in explanation.
DEPOSIT: Whatever includes in definition of Deposit as per Companies Act and rules eg. Acceptance of loan from public, acceptance of loan from shareholders by public limited Company.
PARTICULAR NON-CONSIDERED AS DEPOSIT: Whatever loan exempted under deposit rules and sections 73 shall be considered as particular of non-considered as deposit. Eg
- Loan from Director is exempted Deposit. However, will be covered under this head.
- Loan from shareholders in case of private Companies.
- Loan from Body Corporates not considered as deposit. However, covered under above head etc.
Note: After reading of above questions and explanation, one can opine that whether a company accepted loan from directors, body corporates or any other exempted deposit still shall require to file e-form DPT-3 on or before 30th June every year.