DPT-3 is the return every company files each year to tell the Registrar of Companies what money it is holding that did not come in as share capital. It is one of the most commonly missed annual filings, largely because directors assume it only applies to companies that take public deposits. It does not. A private company sitting on a director loan has to file it.<\/p>\n
Form DPT-3 is required by Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014<\/strong>. It is a return of deposits<\/strong> and of particulars of transactions that are not considered deposits<\/strong>, as at 31 March each year.<\/p>\n That second category is the one that catches people out. Money a company has received which is exempt from the deposit rules still has to be reported<\/em>. Exempt does not mean exempt from filing.<\/p>\n Every company, including a private company<\/strong>, a one person company<\/strong>, a small company<\/strong> and a Section 8 company<\/strong>, that has any outstanding receipt of money or loan as at 31 March falling within either category.<\/p>\n The following are outside the requirement:<\/p>\n A company with genuinely nothing outstanding on 31 March in either category does not need to file. Very few operating companies are in that position, because director loans and customer advances are both reportable.<\/p>\n Where a company has actually accepted deposits within the meaning of the rules, those are reported separately and further obligations follow, including a certificate from the statutory auditor<\/strong> to accompany the return.<\/p>\n DPT-3 covers the position as at 31 March<\/strong> and is filed on or before 30 June<\/strong> of the same calendar year. The MCA has occasionally extended the date by circular in particular years; an extension should never be assumed.<\/p>\n The figures come from the trial balance as at 31 March, so the return can be prepared as soon as the books are closed, well before the accounts are finalised.<\/p>\n Non-filing attracts penalty on the company and on the officers in default, and the exposure continues for as long as the default subsists. There is a second, less obvious cost. An unfiled DPT-3 is visible on the MCA record, and it is one of the first things picked up in due diligence for a funding round, a bank facility or a sale. Cleaning up several years of missed filings under time pressure in the middle of a transaction is far more expensive than filing on time.<\/p>\n A founder puts money into their own private company to fund working capital. It sits in the books as an unsecured loan from a director. Nobody files DPT-3, because nobody thinks of it as a deposit, and technically they are right: it is not a deposit. But it is exactly the kind of transaction the second half of the form exists to capture, and it is reportable.<\/p>\n The same applies to customer advances in a services business, and to share application money received but not yet allotted against.<\/p>\n DPT-3 is one of several returns falling due through the year. See our list of forms to be filed with the ROC<\/a> for the full picture, including the annual return and the financial statement filings.<\/p>\n We prepare DPT-3 from your trial balance, collect the director declarations, obtain the auditor certificate where one is needed, and file within the window. It is part of our all-in-one business compliance<\/a> service, which tracks the whole secretarial calendar so annual filings are not remembered in the last week of June.<\/p>\n If you are still incorporating, see private limited company registration<\/a>. Book a call<\/a>, or start in the TAXAJ client portal<\/a>.<\/p>\n This article is general information. Whether a particular receipt is a deposit, an exempted deposit or neither depends on the terms on which it was received. Please take advice on your own facts.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" DPT-3 is not only for companies that take public deposits. A private company with a director loan, customer advances or pending share application money must file it every year by 30 June. What to report, and what missing it costs.<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-90108","post","type-post","status-publish","format-standard","hentry","category-secretarial-services"],"_links":{"self":[{"href":"https:\/\/www.taxaj.com/learn\/wp-json\/wp\/v2\/posts\/90108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxaj.com/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxaj.com/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxaj.com/learn\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxaj.com/learn\/wp-json\/wp\/v2\/comments?post=90108"}],"version-history":[{"count":2,"href":"https:\/\/www.taxaj.com/learn\/wp-json\/wp\/v2\/posts\/90108\/revisions"}],"predecessor-version":[{"id":90126,"href":"https:\/\/www.taxaj.com/learn\/wp-json\/wp\/v2\/posts\/90108\/revisions\/90126"}],"wp:attachment":[{"href":"https:\/\/www.taxaj.com/learn\/wp-json\/wp\/v2\/media?parent=90108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxaj.com/learn\/wp-json\/wp\/v2\/categories?post=90108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxaj.com/learn\/wp-json\/wp\/v2\/tags?post=90108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Who has to file<\/h2>\n
\n
What has to be reported<\/h2>\n
Amounts that are not deposits but must still be disclosed<\/h3>\n
\n
Amounts that are deposits<\/h3>\n
Due date<\/h2>\n
What you need to file it<\/h2>\n
\n
What happens if you do not file<\/h2>\n
The mistake we see most<\/h2>\n
Where this sits in the annual calendar<\/h2>\n
Let us file it<\/h2>\n