Home / Form DPT 3 Filing
Updated on 25 Sep 2023 9.00 AM IST | 4 min read
What is DPT 3 Form?
Form DPT-3 is a deposits return that are furnished by the companies to display information about deposits and/or loan outstanding receipt or money other than deposits. As per the latest amendment done by the ministry of corporate affairs, all companies except government companies must file a one-time return for the outstanding loans, but it is not considered a deposit.
Latest Update - Form DPT-3 has been added to the list of forms available under the Companies Fresh Start Scheme (CFSS) 2020. As a result, no late penalties will be assessed if the form is completed before September 30, 2021.
In how many ways DPT 3 Form can be filed?
There are two ways in which DPT-3 form can be filed –
Who is exempt from DPT 3 filing?
Except for government entities, every company must file this return. Additionally, the following companies are exempt according to Rule 1(3) of the Companies (Acceptance of Deposits) Rules 2014:
- Banking Company
- Non-Banking Financial Company
- A registered housing finance company having registration with the National Housing Bank
- Any other corporation that has been notified according to the proviso to subsection (1) of Section 73 of the Act.
What is the due date for filing DPT 3 return?
The due date for filing the annual return is 30 June of every year.
What Documents Need To Be Submitted At The Time Of Filing Form DPT-3?
Documents that need to be submitted along with DPT-3 are as follows –
Format Of DPT-3
Download Form DPT 3 by clicking the below link –
Transactions not considered as deposits
Tenure of DPT-3 filing return
The one-time return must be filed for the period beginning 1 April 2016 and ending 31 March 2021. As a result, all receipts collected during this period and still outstanding as of March 31 2021 were required to be reported. The yearly return covers the financial year beginning 1st April 2020 and ending 31st March 2021. This return will include all outstanding balances as of the due date.
Information to be furnished
The following information must be furnished: the company's CIN, an email address, the company's objectives, its net worth, any charges, the total amount outstanding as of 31st March 2021, and the company's credit rating.
Penalty For Non-Filing Of Form DPT 3
In case the company does not follow the requirements of DPT-3 and keep accepting the deposits, the company can face the following consequences –
Penalty under Section 73
On company – Under Section 73, a minimum penalty of Rs.1 crore or twice the deposit amount (whichever is lower) will be charged. This may extend up to Rs.10 crore.
On officers – Any officer involved may send in imprisonment up to 7 years and with a fine of Rs.25 Lakhs which may be extended to Rs.2 Crore.
Penalty under Rule 21
On company & the officer – A fine up to Rs.5000 on default by the company and every officer involved in it, whereas in case of continuous violation, a fine of Rs.500 per day will be charged from the default date.
How FinacBooks Help In DPT 3 Form Filing?
FinacBooks is a leading Indian portal providing accounting, finance & taxation services to small businesses. We have more than 10 years of experience helping individuals in filing DPT-3 format at the least possible price. We will guide you through the entire process of filing the DPT-3 form. To avail of the best deals on filing the DPT-3 form, kindly call us at 8800221252, or you can also email us at firstname.lastname@example.org.
Form DPT 3 Filing FAQ’s
The documents required to file E-form DPT-3 are as follows –
The fee for filing form DPT-3 is based on the paid-up capital of the company.
If a company has receipts that are not considered deposits under Rule 2 (1) (c), the company is required to file two returns.
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