Every company must file the DPT-3 return for deposits, as per the Companies Act, 2013. The due date for filing DPT-3 is 30 June every year. Companies need to file this return to provide information about the deposits they have accepted from the public, excluding exempt deposits.
What are Deposits and Loans?
Deposits and loans are two different financial instruments. A deposit is an amount of money placed with a company for a fixed period, usually with a fixed rate of interest. A loan, on the other hand, is a sum of money borrowed by a company from a lender, usually with a fixed rate of interest and repayment terms.
Who Must File DPT-3 Return?
All companies, including private and public companies, must file the DPT-3 return. However, certain companies are exempt from filing this return, such as companies that have not accepted any deposits during the financial year.
| Exempt Deposits | Description |
|---|---|
| Deposits from Directors | Deposits from directors of the company are exempt from filing DPT-3 return. |
| Deposits from Banks | Deposits from banks and other financial institutions are exempt from filing DPT-3 return. |
| Deposits from Government | Deposits from the government and its agencies are exempt from filing DPT-3 return. |
Auditor Certificate
The DPT-3 return must be accompanied by an auditor certificate, which certifies that the company has complied with the provisions of the Companies Act, 2013, regarding acceptance of deposits.
The DPT-3 return is a critical compliance requirement for companies, and non-filing or late filing can result in penalties and fines. Companies must ensure that they file the return on time and provide accurate information to avoid any consequences.
Steps to File DPT-3 Return
- Prepare the DPT-3 return form and fill in the required information.
- Attach the auditor certificate and other supporting documents.
- File the DPT-3 return on the MCA portal before the due date of 30 June.
Frequently Asked Questions
What is the due date for filing DPT-3 return?
The due date for filing DPT-3 return is 30 June every year. Verify the current figure with the MCA portal for any updates.
What are the consequences of not filing DPT-3 return?
Non-filing or late filing of DPT-3 return can result in penalties and fines. The company may also face action from the Registrar of Companies.
Can a company file DPT-3 return voluntarily?
Yes, a company can file DPT-3 return voluntarily, even if it is not required to do so. This can help the company to demonstrate its compliance with the Companies Act, 2013.
The bottom line
Filing the DPT-3 return is a critical compliance requirement for companies in India. Companies must ensure that they file the return on time and provide accurate information to avoid any consequences. It is recommended that companies consult with a chartered accountant or company secretary to ensure that they comply with the provisions of the Companies Act, 2013, regarding acceptance of deposits.
This is general information, not professional advice — confirm the current position for your specific case before acting.
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