Mandatory filing of one time return in DPT -3 Form

As per Rule 16A(3) of the Companies (Acceptance of deposit) Rules, 2014 “every company (other than Government company) shall file with ROC a onetime return in Form DPT-3 for receipt of money/loan by a company but not considered as deposits outstanding from 1st April, 2014 to the date of publication of notification in the official gazette (i.e., 22nd January, 2019) within 90 days from the date of publication of notification in the official gazette (i.e., by 22nd April, 2019).

However, vide a clarification of MCA dated 12th April, 2019, it has been clarified that pending the deployment of DPT-3 Form on MCA 21 portal, the additional fee shall be levied after 30 days from the date of deployment of the DPT- 3 form on MCA 21 portal. It has also been stated that the data on deposits should be filed upto 31st March, 2019 (as opposed to 22nd January, 2019 which was originally indicated in the said notified Rule).

To make it effective, the new Rule is being issued by the MCA separately. For reading the clarification, click here.

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