File DPT-3 Return Online - Appointment of First Auditor

Form DPT-3 Return Filing

For Indian businesses, Form DPT-3 is an essential compliance requirement. Companies who take deposits or loans must submit this form, which is regulated by the Ministry of Corporate Affairs (MCA). The purpose of filing DPT-3 return online is to ensure transparency in financial transactions and safeguard stakeholders’ interests.

Introduction to DPT-3 Filing

DPT-3 is a return of deposits that must be filed annually or one-time depending on the type of transaction. The requirement was introduced under the Companies (Acceptance of Deposits) Rules, 2014, to track money received by companies, whether classified as deposits or not. Details about unpaid funds or loans that a business has received—which are not regarded as deposits—are provided on this form.

Companies Eligible to File Form DPT-3 Returns

According to the Companies Act of 2013, all businesses—aside from government agencies—that have received funds or loans that are not regarded as deposits must file a DPT-3 return online. Companies that qualify are as follows:

• Private Limited Companies
• Public Limited Companies
• Small Businesses
• One Person Companies (OPCs)
• Foreign Companies Operating in India

Exempted Companies from Filing Form DPT-3

Some entities are not required to file DPT-3, including:

• Governmental Organizations
• Banking Institutions
• Non-Banking Financial Companies (NBFCs)

These companies are exempt as they are regulated by separate financial governing bodies like the RBI.

Form DPT-3 Applicability

The form applies to all companies that accept deposits or have received money that is not classified as a deposit. It must be filed under the following circumstances:

• One-time reporting for outstanding loan amounts
• Annual return for all deposits and non-deposit transactions
• If the business still owes money for advances, loans, or other financial instruments

Transactions Not Included in the DPT-3 Filing Deposit Calculation

According to the Companies Act of 2013, some financial transactions are not considered deposits, such as:

• Loans from directors or their relatives
• Inter-corporate borrowings
• Bank loans
• Secured debentures
• Convertible debentures
• Commercial paper
• Government grants

Form DPT-3 Due Date

To comply with the MCA requirements, companies must file DPT-3 return online on or before June 30 each year. Any delay in filing may lead to penalties and legal consequences.

Required Documents for Form DPT-3 Submission

The following documentation must be submitted by businesses when submitting DPT-3:

• Auditor’s Certificate (if applicable)
• Board Resolution for DPT-3 filing
• Details of receipts and outstanding loans
• Certificate of Net Worth (if required)
• Bank Statements for verification

Fees for Filing Form DPT-3

The MCA prescribes specific fees based on the company’s authorized capital:

• Up to INR 1 lakh: INR 200
• INR 1 lakh to 5 lakh: INR 300
• INR 5 lakh to 25 lakh: INR 400
• INR 25 lakh to 1 crore: INR 500
• Above INR 1 crore: INR 600

Delays in filing could result in additional fees and penalties.

Repercussions of Failure to Comply with DPT-3 Filing

There are serious repercussions if you don't file your DPT-3 return online before the deadline, including:

• Financial penalties imposed by the MCA
• Disqualification of company directors
• Legal actions under the Companies Act, 2013

DPT-3 Penalty

Section 73 of the Companies Act of 2013 imposes fines for noncompliance with DPT-3 filing. The penalties include:

• Company: Minimum INR 1 crore or twice the deposit amount, whichever is lower
• Defaulting officers: Maximum sentence of seven years in prison or a fine of INR 25 lakh

How Do I Submit a DPT-3?

CS Vijendra & Co. makes it simple to file Form DPT-3!

Filing DPT-3 involves multiple steps, including preparing financial documents, verifying transactions, and submitting the form on the MCA portal. Vijendra & Co offers expert assistance in ensuring seamless compliance for your business. With extensive experience in company secretarial services, Vijendra & Co ensures error-free and timely filing of DPT-3, helping companies avoid penalties and legal hassles.