File DPT-3
- Art Teacher
- London, UK
- 5-7 Hrs
Ever wondered how companies in India declare the money they’ve borrowed or received from others? That’s where Form DPT-3 steps in. It’s not just another compliance form — it’s a declaration to the Ministry of Corporate Affairs (MCA) about all loans, deposits, and other money a company holds that isn’t treated as share capital. Whether a company has taken a loan from a bank, an advance from customers, or even borrowed money from directors, it often falls under the reporting scope of DPT-3. This filing ensures transparency in corporate finances and helps regulators keep track of unregulated deposit schemes. The requirement applies to both private and public companies, including small companies, except government companies.
- Auditor’s certificate certifying the details of deposits or other amounts.
- Details of deposits/amounts received along with date, amount, nature, and lender details.
- Copy of trust deed (if applicable).
- Copy of instrument creating charge (if applicable).
- List of depositors (if applicable).
- Details of outstanding receipts not considered deposits.
- Board Resolution approving the filing.
- PAN & CIN of company.
- Identify reportable amounts
- Prepare necessary documents
- Log in to MCA portal
- Fill Form DPT-3
- Attach required documents
- Pay the prescribed MCA fees
- Submit digitally with DSC
A company with no deposits but having other outstanding loans or money received which are not deposits must still file DPT-3; no deposits does not exempt filing if such loans exist.
Loans from directors are generally reportable in DPT-3 unless exempted under specific rules.
The penalty for non-filing of DPT-3 includes fines ranging from ₹1,000 up to ₹1 crore and possible prosecution of the company’s directors/officers.
NBFCs registered with the RBI are exempt from filing DPT-3.
Inter-corporate loans (loans between holding, subsidiary, or associate companies) are reportable in DPT-3 and must be disclosed.
Share application money does not need reporting in DPT-3 unless it falls under the definition of loans or deposits; generally, it is excluded from DPT-3 reporting.