DPT-3 Filing

Form DPT-3: Overview

According to the guidelines set forth by the Ministry of Corporate Affairs (MCA). Form DPT-3 must be used to submit the returns by every business. This form is a one-time return for loans that a company has filed as well as data on the total amount of outstanding loans. The MCA started this on January 22, 2019. Organisations associated with the government may not submit this specific form.

Who Should File Form DPT-3?

• According to rule 16A, all businesses that have received payments or loans that are past due must submit a form DPT-3.
• All business entities are required to submit the DPT-3 form.
• Advances for goods and services, as well as loans, both secured and unsecured, must all be recorded on the form DPT-3.
• Even if the controlling firm, subsidiary, or associate company guarantees the loan, the form DPT-3 must be provided.
• The form DPT-3 must be used to disclose any loans that are still owed to the company that were not paid off before 1 April 2014.

Who Is Exempt to Submit a form DPT-3?

• The form DPT-3 need not be filed if the company has no loans as of 22 January 2023
• If the company avails a loan after 1 April 2023 or closes it before 22 January 2023 and there is no record of outstanding loans it is not mandatory to file form DPT-3.

Documents for Submission

• Certificate from auditors
• A list of mature depositors
• Duplicate of the charging medium
• Any optional attachments
• A copy of the trust deed.

Advantages of Submitting Form DPT-3

• Organisations with unfiled receipts that are not deposits are only required to do so once by June 29 in accordance with Rule 2(1)(C) of the Deposit Rules.
• In accordance with the deposit rule, companies that are covered by sections 73 to 76 must submit the form by June 30th using annual returns for deposits.
• On June 30 of every year, this must be filed. Deposit Rule 2(1) applies to deposits made with companies that provide guarantees (c)
• It is only necessary to be filed on June 30 of every year by the annual return of deposits and exempted deposits by companies whose guarantees are protected by Sections 73 to 76 Rule 2(1)(C) of the deposit rules.

Checklist to Businesses Filing the Form DPT-3

Here are some of the points that you should remember if you are filing a Form DPT-3. Make sure to give the following evidence in the DPT-3 Form

• Fundamental organisation
• Company Incorporation
• Trust registration deed
• Property detail
• Audited balance sheet
• Net worth of the company
• Overall loan details
• Overall outstanding Credit rating and other crucial information.

You can download the form from the MCA outlet

• Make sure to enter all the required categories in the appropriate field
• If your company has exempted deposits as outstanding loans or receipts it is made a tree to file form DPT-3 as per rule 16A 3 of Companies Rules of 2014
• Provide information on both secured and unsecured loans
• Make payments in advance for goods and services
• Make sure to file Form DPT-3 through MCA in case the loan or exempted deposit is received by the company
• All the loans that are not paid by the first of April 2014 have to be reported to the ROC.

How to File Form DPT- 3?

You can contact our professionals to file form DPT-3. Without much difficulty, the entire process can be finished:

• The fundamental procedure entails seeking out clear legal advice to understand the benefits and drawbacks of form DPT-3.
• Make sure to gather all the necessary information and start the balance sheet audit.
• This stage can be assisted by our internal auditors, who can also give an auditor balance sheet.
• The deadline for submitting form DPT-3 varies depending on the amount still owed to the company.
• You can get the form from the government website.
• If you supply our knowledgeable team with all the necessary details, they will fill out the form on your behalf.

If you often fill the form in person, ensure to always provide the following details:

• Select the appropriate justification on form DPT-3.
• Choose the type of organisation.
• Specify all necessary information.
• the audited financial sheet as an attachment
• Add auditor certifications in a suitable way.
• After providing all the required information, the form can be uploaded to the MCA portal.

Fees Paid to the ROC by Filing E Form DPT-3

Non-compliance

• Additional filing costs: 2 to 12 times the standard costs
• The Company and every officer who violates Rule 21 are subject to a fine that may reach ₹5,000
• In the case of a continuing violation, an additional fine that may reach ₹500 for each additional day that the violation.

Why Vakilsearch?

We have adequate auditors and the greatest legal experts to assist you in submitting Form DPT 3. On your behalf, our team of professionals may offer advice on how to complete the form and handle the documentation. More than 10,000 individuals have benefited from our legal assistance. Our legal team is available around-the-clock, and our business professionals can take care of the paperwork.

FAQs on DPT-3 Filing