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File Return of Deposit Form DPT-3

Every Company being it private limited or public limited are required to file Return of deposit in form DPT-03 once in every financial year. Get our experts advice to file your DPT-03.

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    File Return of Deposit – Form DPT-3

    About File Return of Deposit Form DPT-3

    DPT-3 form introduced specifically with the purpose to safeguard the interest of the outsiders who have granted finances to the company such as banks/finance institutions/creditors/depositors and so on. MCA vide its notification dated 22nd January 2019 notified that every company other than a government company must file a one time return in DPT 3. This returns requires details as to the amount of money which company has acquireed during the financial year and its proper bifurcation.

    File Return of Deposit Form DPT-3

    Meaning

    What is Form DPT-3?

    DPT 3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits. This return requires details as mentioned below:

    • 1. The Amount of Money received from State government, Central government or Local authority as grant or as subsidy.
    • 2. Money received as secured or unsecured loans from banks or public financial institutions.
    • 3. Money received as loan from directors or their relatives.
    • 4. Money received as advances from its customers.
    • 5. Money received as loan from its share holders.
    • 6. Money received as deposits.
    • 7. Money received from companies employees.

    Who Needs to File

    Who Needs to File DPT-3?

    Every company other than Government company shall File Return of Deposit Form DPT-3 on or before 30th June Every year. For Example for F.Y. 2022-23 DPT-03 is required to be filed on or before 30th of June-2023.

    Who Is Not Required To File

    Who Is Not Required To File This Form?

    Every company except a government company must file this return. Additionally, as per Rule 1(3) of the Companies (Acceptance of Deposits) Rules 2014, the following companies are also exempt:

    Banking companies
    Non-Banking Financial Companies (NBFCs)
    Housing finance companies that are officially registered with the National Housing Bank (NHB).
    Other companies exempted under Section 73(1) of the Act

    Penalties for Non-Filing of DPT-3

    Late Feed Or Penalties Of Non Filing Of From DPT-03

    If the company does not comply with the requirements of DPT-3 and keeps accepting deposits then it will lead to the following consequences;

    1) Under Section 73 of the Companies Act

    (1) A minimum penalty of ₹1 crore or twice the deposit amount, whichever is lower. (2) Penalty may extend up to ₹10 crore. (3) For every officer in default: Imprisonment up to 7 years and a fine between ₹25 lakh to ₹2 crore.

    2) Under Rule 21 of the Companies (Acceptance of Deposits) Rules, 2014

    On the company and every officer in default a fine which may extend up to Rs. 5,000, and where the contravention is a continuing one, a fine of Rs. 500 for every day since the default.

    Timely filing of DPT-3 ensures compliance, prevents legal risks, and maintains your company’s credibility with financial institutions and stakeholders. 

    FAQ

    Get Answers To All Your Queries

    Types of DPT-3

    DPT-3 are of Two types, as follows: 1) One time return 2) Annual return 

    What is the time period for which one time return needs to be filed?

    The one-time return applies to transactions from April 1, 2014, to March 31, 2019. Companies must report all receipts received during this period that remained outstanding as of March 31, 2019. 

    Government Fees for filing this form?

    If Nominal Share Capital is  

    Less than 1,00,000- Rupees 200 per document 

    between 1,00,000 to 4,99,999- Rupees 300 per document 

    between 5,00,000 to 24,99,999 Rupees-  400 per document 

    between 25,00,000 to 99,99,999 Rupees- 500 per document 

    And 1,00,00,000 or more- Rupees 600 per document. 

    Is it compulsory to file this form

    If a company has received any funds from external sources, whether classified as a deposit or not, it must be reported by filing Form DPT-3. 

    Due date of filing?

    The annual return filing deadline for Form DPT-3 is June 30 every year. For instance, for the financial year 2019-20, the due date was June 30, 2020. Ensure timely compliance to avoid penalties 

    Documents required to file this form?

    Auditors certificate 

    Copy of Trust deed 

    Deposit insurance contract, if applicable, must be provided as specified in the form. 

    Copy of instrument creating the charge 

    Provide a list of depositors, including details of matured deposits and issued cheques that are yet to be cleared, as required in the form. 

    Details of liquid assets 

    Optional attachment (if any) 

    Is it annual form?

    Yes it has to be filed annually.