In this article, we will provide a comprehensive guide to DPT-3 filing, its applicability, due dates, exemptions, and the step-by-step filing process.
What is DPT-3 Filing?
DPT-3, also known as the Return of Deposits, is a form prescribed under the Companies (Acceptance of Deposits) Rules, 2014. It is required to be filed annually by companies to report details of deposits or transactions that are not considered deposits.
The purpose of this filing is to provide transparency in a company’s financial dealings and ensure that funds received from members, directors, or other parties are accurately disclosed to the MCA.
Applicability of DPT-3
The DPT-3 filing is applicable to the following types of companies:
- Private limited companies
- Public limited companies
- Small companies
- One-person companies (OPCs)
However, government companies and certain classes of companies may be exempt depending on specific circumstances.
Types of Returns Under DPT-3
There are mainly two types of returns under DPT-3:
- One-time Return – Reporting outstanding receipt of money or loan by a company (not considered as deposits) from April 2014 to March 2019.
- Annual Return – Reporting deposits and non-deposit transactions that remain outstanding as of the financial year-end.
Due Date for DPT-3 Filing
The due date for filing the annual DPT-3 form is 30th June every year. This is based on the financial year ending 31st March. Companies must be vigilant to file on time to avoid late fees and penalties.
Key Information Required in DPT-3
When preparing the return, the company must furnish the following details:
- CIN (Corporate Identification Number)
- Total amount of deposits
- Particulars of transactions not considered deposits
- Net worth of the company
- Audited financial statements
- Outstanding loans and advances
Penalties for Non-Compliance
Non-compliance with DPT-3 filing can attract heavy penalties. Both the company and its officers in default can be fined. The penalties may include:
- A minimum fine of INR 1 crore or twice the amount of deposit (whichever is lower)
- Additional fines for officers responsible
- Continuous penalties for ongoing default
These strict provisions highlight the importance of timely and accurate filing.
Step-by-Step Process of Filing DPT-3
- Preparation of Data – Collect all necessary financial details regarding deposits, loans, and other transactions.
- Auditor’s Certificate – Obtain certification from the statutory auditor regarding the figures.
- Log in to MCA Portal – Access the official MCA website using your registered credentials.
- Fill the Form – Enter required details in Form DPT-3, upload supporting documents, and attach the digital signature of the director.
- Payment of Fees – Pay the prescribed filing fees online.
- Submission – Submit the form electronically and keep an acknowledgment for records.
Importance of DPT-3 Filing
- Regulatory Compliance – Helps companies stay compliant with MCA rules.
- Transparency – Builds trust among investors and stakeholders.
- Avoiding Penalties – Timely filing saves the company from costly fines.
- Good Governance – Strengthens a company’s image in the market.
Conclusion
DPT-3 filing may seem like a technical requirement, but it is a crucial part of a company’s annual compliance framework. Business owners and directors must ensure accurate reporting of deposits and non-deposit transactions to the MCA before the deadline each year. Proper compliance not only avoids penalties but also fosters financial transparency and credibility.
If you are unsure about filing, it is advisable to consult compliance experts or professional firms who specialize in corporate law.