DPT-3 Filing
DPT 3 Return filing is a mandatory process in India for companies (except government companies) to report details about deposits they’ve received, loans, and any financial receipts that don’t qualify as deposits.
This filing promotes transparency, ensures regulatory compliance, and helps hold companies accountable for their financial activities.
The company files DPT 3 annually with the Registrar of Companies to inform the authority about all the deposit and non-deposit receipts accumulated in a financial year.
DPT-3 is a return that needs to be filed by Indian companies that have in the form of equity shares, bonds, or other instruments.
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What are the eligibilities for DPT-3 filing ?
Here are the key points about the eligibility criteria for filing Form DPT-3 in India:
- Types of investments covered: equity capital, bonds and convertible debentures, and trade credits.
- Eligible companies: Indian companies receiving investments from foreign investors like Foreign Direct Investment (FDI).
- The investment threshold of INR 10 crore applies per investor. If a company receives investments from multiple foreign investors, each investing less than INR 10 crore, they may not need to file Form DPT-3.
- Equity Capital: If an Indian company receives investments from foreign investors, such as foreign direct investment (FDI), and the amount invested is INR 10 crore or more, they are eligible to file the DPT-3 return.
What are the benefits of DPT-3 filing ?
Filing the DPT-3 return is beneficial for both the Indian company and the foreign investor. Here are some of the benefits:
- DPT-3 Compliance: Filing the DPT-3 return ensures that the company is compliant with the applicable laws and regulations regarding foreign investments.
- Transparency: It promotes transparency and accountability in foreign investments by providing a record of the investments received by Indian companies.
- Investor Confidence: By filing the DPT-3 return, Indian companies can build investor confidence as it assures foreign investors that the investments are made in compliance with the laws and regulations.
4. Avoid Penalties: Filing the return correctly and on time helps companies avoid penalties and other legal consequences that may arise from non-compliance.
What are the required documents for DPT-3 filing ?
The required documents for filing DPT 3 returns typically include:
- Duly filled DPT 3 Form: This form contains details about the company’s deposits, including both deposit and non-deposit receipts, accumulated during the financial year.
- Audited Financial Statements: The statements provide the comprehensive overview of company’s financial activities during the financial year, including details of deposits.
- Board Resolution: A resolution passed by the company’s board authorizing the filing of the DPT 3 return.
- Bank Statements: Statements from the company’s bank accounts showing transactions related to deposits made and received.
- Loan Agreements: Copies of loan agreements, if applicable, providing details of any borrowings or deposits taken by the company.
- Any other relevant documents: Depending on the specific circumstances of the company, additional documents may be required to support the information provided in the DPT 3 return.
What is DPT-3 return filing Procedure?
The required documents for filing DPT 3 returns typically include:
- Obtain the relevant information. Sort out all the necessary details and information required to file the DPT-3 form, like the details of loans or deposits accepted, the opening and closing balance of outstanding loans or deposits, and interest received.
- Prepare the form: The DPT-3 form has to be digitally signed and submitted, so make sure to have a digital signature.
- Fill in the required details: Fill in all the required details in the DPT-3 form, including details of loans or deposits, opening and closing balances, rates of interest, etc.
- Verify the details: After filling out the form, verify all the details that are provided to ensure that there are no inaccuracies or mistakes.
- These are the mandatory documents we have Access MCA Portal, Navigate to DPT-3 filing, Fill out the e-form DPT-3 with details about deposits received by the company during the previous financial year. This may include information like type of deposit, amount, interest rate, etc.
- Submit the form: Once you have verified the details that you have filled in the form, submit it electronically with a digital signature.
- Payment of Fees: Pay the required fees for filing the DPT-3 form, including any late fees if applicable.