Filing of e-form DPT-3 with Registrar of Companies on or before 30th June every year
Meaning:
Every Indian entity who has taken deposits or conducted certain specified transactions, not covered as deposits, is required to file an annual return in form DPT-3, or the “Return of Deposits”.
Specified transactions (not covered as deposits):
a) Any amount received from any Government Body
b) Any amount received from any foreign body or from any person resident outside India
c) Any amount received as a loan form any Banking company or Banking institution notified by Central Government
d) Any amount received as loan from any public financial institution or insurance company etc
e) Any amount received by the Company from any other company
f) Any amount raised by the issue of bonds or debentures secured by a first charge or a charge ranking pari passu with the first charge on any assets
g) Any amount received by the Company form any person who at the time of receipt was the director of the Company or any relative of the director
h) Any amount received as bonds or debentures compulsorily convertible into shares of the company within ten years
i) Any amount received against issue of any commercial paper as per RBI guideline.
j) Any non-interest-bearing amount received and held in trust.
k) Any amount of twenty-five lakh rupees or more received by a startup company, by way of convertible note
l) Any amount received by way of subscription in respect of chit fund
m) Any amount received by a Nidhi company in accordance with the rules made under section 406 of the Act.
n) Any amount brought in by promoters of the company by way of unsecured loans
o) Any amount received by the Company from any other company
p) As advance received and allowed by any sectoral regulator or in accordance with directions of the Government
q) As an advance towards consideration for providing future services in the form of a warranty or maintenance contract
r) Any amount received as a security deposit for performance of the contract of supply of goods or provision of services.
s) Any amount received in the course of, or for the purpose of business as an advance for supply or goods or provision of services etc
t) Any amount brought in by promoters by way of unsecured loans in pursuance of the stipulation of any lending financial institution.
u) Any amount received as advance for subscription towards publication, to be adjusted against receipt of such publications.
v) Any amount received by company under any collective Investment scheme in compliance with regulations framed by SEBI.
w) a startup company, by way of convertible note in a single tranche, from a person.
x) An amount received from any investment funds, mutual fund, real estate etc
y) Any non-interest-bearing amount received and held in trust.
z) Any amount received as an advance received in connection with consideration for any immovable property
Legislation: Section 73 of the Companies Act, 2013 read with Rule 16 & Rule 16A of the Companies (Acceptance of Deposit) Rules, 2014, mandate such filing.
Coverage: Form DPT-3 filing is mandatory for all companies — private, public, one-person, and Section 8—except for certain entities specified under Rule 1 of the Companies (Acceptance of Deposits) Rules, 2014.
Exemptions Include banking companies, NBFCs, housing finance companies, companies specified by the Central Government in consultation with the RBI, and government companies exempted under Rule 16.
Frequency:
Once in a financial year.
Reporting period:
Within 90 days of the financial year’s end, i.e. for financial year ended March 31, 2024 by June 30, 2024.