Dear Professional Colleague:
As you are aware, every company which has accepted monies considered as “Exempted Deposits” needs to file a one-time return in Form DPT-3 by 29th May, 2019 for reporting such Exempted Deposits accepted between 1st Apr, 2014 to 31st March, 2019.
Similarly, all Companies which have accepted monies considered as Deposits or Exempted Deposits also need to file an annual return in Form DPT-3 by 30th May, 2019.
eMinds Legal (a leading Corporate Law Firm) in association with Complinity (one of the top 3 Compliance Software Companies in India) is organising a Webinar on FAQs, Grey Areas and Practical issues in filing Form DPT-3 as per details below:
Date: 20th June, 2019 (Thursday)
Time: 4:00 pm – 5:30 pm
Please register now to confirm your participation in the Webinar.
The Ministry of Corporate Affairs (MCA) vide notification number GSR 42 (E) dated 22nd Jan, 2019 read with General Circular no. 5 /2019 dated 12th Apr, 2019 has amended Rules 16 and 16(A) of Companies (Acceptance of Deposits) Rules, 2014 as follows:
Rule 16: Return of deposits to be filed with the Registrar:
Every company other than Government company to which these rules apply, shall on or before the 30th day of June, of every year, file with the Registrar, a return in Form DPT-3 along with the fee as provided in Companies (Registration Offices and Fees) Rules, 2014 and furnish the information contained therein as on the 31st day of March of that year duly audited by the auditor of the company.
Form DPT-3 shall be used for filing return of deposit or particulars of transaction not considered as deposit or both by every company other than Government company.
Rule 16(A) (3):
Every company other than Government company shall file a onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in terms of clause (c) of sub-rule 2(1)(c) from the 01st April, 2014 to 31st March 2019, as specified in Form DPT-3 within ninety days from 31st March 2019.
See you at the Webinar !!!
Partner, eMinds Legal
Co-founder, Complinity: Compliance Software
Author, Corporate Law Referencer
Check out how you can put your Compliances in auto pilot mode. Reach out to the Compliance Tech Experts – Anukrati (97737 51210), Gaurav (98999 73003), Amit (98114 06675) or visit www.complinity.com to know more.