Form DPT-3 is a statutory form required to be filed by companies in India to disclose details of deposits accepted or renewed during a financial year. The form is filed with the Registrar of Companies (ROC) and is due within 30 days from the date of acceptance or renewal of deposits. The form requires companies to provide details such as the amount of deposit, rate of interest, maturity date, and the purpose of the deposit
Form DPT -3 Filing
Form DPT-3 is a statutory form required to be filed by companies in India to disclose details of deposits accepted or renewed during a financial year. The form is filed with the Registrar of Companies (ROC) and is due within 30 days from the date of acceptance or renewal of deposits. The form requires companies to provide details such as the amount of deposit, rate of interest, maturity date, and the purpose of the deposit.
Additionally, companies must also disclose the names and addresses of the depositors and the details of the deposits that have been repaid or renewed during the year. Filing of Form DPT-3 is a mandatory compliance requirement for companies accepting deposits from the public, and non-compliance may attract penalties and legal actions.
Form DPT-3 filing is required for:
- Companies that have accepted deposits or have outstanding deposits.
- Public Companies and NBFCs (Non-Banking Financial Companies).
Here are the benefits of Form DPT-3 filing:
1. Compliance with legal requirements: Form DPT-3 filing ensures that companies comply with the legal requirements under the Companies Act, 2013, and the Companies (Acceptance of Deposits) Rules, 2014.
2. Transparency and accountability: Filing Form DPT-3 promotes transparency and accountability in a company's dealings with depositors, stakeholders, and regulators.
3. Protection of depositors' interests: The form provides details of deposits, interest rates, and maturity dates, which helps protect the interests of depositors.
4. Easy access to credit: By filing Form DPT-3, companies can demonstrate their creditworthiness and attract potential lenders or investors.
5. Improved credibility: Timely and accurate filing of Form DPT-3 enhances a company's credibility and reputation among stakeholders.
6. Avoidance of penalties and legal issues: Filing Form DPT-3 helps companies avoid penalties, fines, and legal issues arising from non-compliance.
7. Better management of deposits: The form helps companies manage their deposits effectively, ensuring timely repayment and minimising default risks.
8. Enhanced governance: Form DPT-3 filing promotes good governance practices, ensuring that companies maintain accurate records and disclose relevant information.
By filing Form DPT-3, companies can ensure compliance, transparency, and accountability, which can lead to improved credibility, better governance, and protection of depositors' interests.
1. Prepare the form: Fill out the Form DPT-3 with the required information, including deposit details, depositor details, and company details.
2. Attach supporting documents: Attach all the necessary supporting documents, such as deposit receipts, deposit agreements, bank statements, and company documents.
3. Get authorized signature: Get the form signed by the authorised representative of the company, such as the Director or Secretary.
4. Verify the form: Verify the form and attached documents for accuracy and completeness.
5. File the form: File the Form DPT-3 with the Registrar of Companies (ROC) within 30 days from the date of acceptance or renewal of deposits.
6. Pay the fees: Pay the required fees for filing Form DPT-3.
7. Receive acknowledgement: Receive the acknowledgement from the ROC upon successful filing of Form DPT-3.
8. Maintain records: Maintain a copy of the filed Form DPT-3 and supporting documents for future reference.
Here are the documents required for Form DPT-3 filing:
1. Form DPT-3: The duly filled and signed form
2. Deposit details:
- Amount of deposit
- Rate of interest
- Maturity date
- Purpose of deposit
3. Depositor details:
- Name and address
- PAN (Permanent Account Number)
- Deposit account number
4. Proof of deposit:
- Deposit receipt
- Deposit agreement
- Bank statement
5. Company documents:
- Certificate of Incorporation
- Memorandum of Association (MOA)
- Articles of Association (AOA)
6. Authorised representative details:
- Name and address
- PAN (Permanent Account Number)
- Signature
7. Supporting documents:
- Board resolution
- General meeting resolution
- Deposit policy
8. Other documents:
- List of depositors
- Deposit ledger
- Statement of deposits
Note that the documents required may vary based on the company's specific circumstances and the type of deposits. SS Auditors ensure all necessary documents are prepared and submitted.
SS AUDITORS can provide the following support for Form DPT-3 filing:
1. Preparation of form: Preparing the Form DPT-3 with accurate and complete information.
2. Review of documents: Reviewing and verifying the supporting documents for accuracy and completeness.
3. Compliance check: Ensuring compliance with the Companies Act, 2013, and the Companies (Acceptance of Deposits) Rules, 2014.
4. Filing assistance: Assisting with filing the Form DPT-3 with the Registrar of Companies (ROC).
5. Payment of fees: Assisting with payment of the required fees for filing Form DPT-3.
6. Resolution preparation: Preparing the necessary resolutions for deposit acceptance/renewal.
7. Deposit calculation: Calculating the deposit amount, interest, and maturity dates.
8. Depositor verification: Verifying the depositors' details and ensuring compliance with KYC norms.
9. Form revision: Revising the Form DPT-3 in case of any discrepancies or errors.
10. Representation: Representing the company before the ROC in case of any queries or issues.
11. Record maintenance: Maintaining records of Form DPT-3 filings and supporting documents.
12. Advisory services: Providing advisory services on deposit-related matters and compliance requirements.
By outsourcing Form DPT-3 filing to SS AUDITORS, businesses can ensure accurate and timely compliance with regulatory requirements, avoiding potential penalties and legal issues.
Companies accepting deposits from the public, including private and public limited companies, need to file Form DPT-3.
Form DPT-3 requires details of deposits, interest rates, maturity dates, depositors' names and addresses, and details of deposits repaid or renewed.
Non-filing of Form DPT-3 can result in financial penalties and legal consequences for the company. It may also damage the company's reputation and credibility. Persistent non-compliance could lead to further regulatory actions and complications.
Form DPT-3 must be filed within 30 days from the date of accepting or renewing deposits. This ensures timely reporting of deposit-related details to the Registrar of Companies. Failure to meet this deadline can lead to penalties and legal issues.
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