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.

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.

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 this form?

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 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 company
Non-Banking Financial Company
A housing finance company registered with National Housing Bank
Any other company as notified under proviso to subsection (1) to section 73 of the Act

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: A penalty of minimum 1 crore or twice the amount of deposits whichever is lower, which may extend to Rs. 10 crore

and For every officer who is in default imprisonment up to 7 years and with a fine not less than Rs. 25 lakhs which may extend to Rs. 2 crores.

2) Under Rule 21: 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.

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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 has to be filed for a period starting from 1st April 2014 to 31st March 2019. All receipts received in this period and outstanding as on 31st March 2019 had to be reported.
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 the company has received any amount of money from outside whether its deposit or not, it has to be reported by filing this form.
Due date of filing ?
The due date for filing the annual return is 30th June of every year. For example, for FY 2019-20, the due date for DPT-03 is 30th June 2020
Documents required to file this form?
  • Auditors certificate
  • Copy of Trust deed
  • Deposit Insurance contract, wherever applicable and mentioned in the form
  • Copy of instrument creating the charge
  • List of depositors – List of deposits matured and cheque issued but not yet cleared to be shown separately
  • Details of liquid assets
  • Optional attachment (if any)
Is it annual form?
Yes it has to be filed annually.
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