Form DPT-3: Due Date, Purpose, Return Date

What is Form DPT-3?

Applicability and Requirements for DPT-3 Form

Form DPT-3 filing applies to all companies except government companies. This includes:

• Private Limited Companies
  

• Public Limited Companies
  

• One Person Companies (OPCs)
  

Key requirements for DP3 include:

• Annual Filing Deadline: Companies must submit Form DPT-3 by June 30 each year, covering financial transactions for the previous fiscal year.
  

• Financial Year Coverage: The form includes details of financial liabilities up to March 31 of the relevant financial year.
  

• Auditor Verification: Companies must ensure that the reported figures are verified by auditors to maintain accuracy and compliance.
  

Penalties for Non-Compliance with Form DPT-3 Filing

Failure to file Form DPT-3 on time can result in significant penalties under the Companies Act 2013. The penalties include:

• A flat penalty of up to ₹5,000 for the company.
  

• Additional daily fines of ₹500 per day for continued non-compliance.
  

• Officers responsible for the filing may also be penalised with additional fines.
  

Ensuring timely submission is essential to avoid legal repercussions and unnecessary financial burdens.

Preparing for the DPT-3 Filing

To ensure a smooth DPT-3 filing process, companies should follow these steps:

• Review Financial Transactions: Examine all deposits, loans, and non-deposit receipts received during the financial year.
  

• Obtain Audit Reports: Work with auditors to verify and validate the data before submission.
  

• Gather Necessary Documentation: Collect supporting documents such as loan agreements, receipts, and auditor reports.
  

• Consult Experts: If there are complexities in reporting, seek advice from compliance professionals or legal experts.
  

Information Required to Fill DPT-3 Form

Companies need to provide the following details while filling out Form DPT-3:

• Corporate Identification Number (CIN)
  

• Name and registered address of the company
  

• Auditor certification and verification
  

Other financial liabilities as per the balance sheet-

• Net Worth of the Company: The net worth is calculated as total assets minus total liabilities based on the most recent financial year-end.
  

• Particulars of Charge (if any): Companies must disclose any charges or encumbrances on their assets. This includes mortgages, liens, or any other security interests held against company-owned properties or resources.
  

• Total Amount Outstanding as of March 31st, 2020 including-  
  

  • Deposits received from individuals or entities.
    

  • Loans borrowed from banks, directors, or other companies.
    

  • Any other non-deposit receipts that need disclosure.
    

• Particulars of Credit Rating (If Applicable): Companies with an assigned credit rating should provide: Name of the credit rating agency (e.g., CRISIL, ICRA, CARE, etc.) and the rating assigned. 
  

Form DPT-3 Due Date

The due date for filing Form DPT-3 is June 30th of every financial year. Companies should ensure timely submission to avoid penalties and maintain regulatory compliance.

Documents Required to File DPT-3 Form

To complete the Form DPT-3 filing, companies must submit:

• List of Depositors
  

• Deposit Insurance Contract
  

• Copy of the Trust Deed
  

• Copy of the Instrument Creating Charge
  

• Details of Liquid Assets
  

• Outstanding Receipts of Money or Loans
  

• Auditor’s Certificate
  

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Conclusion

Form DPT-3 is a critical compliance requirement for companies in India. Filing this might feel like just another compliance task, but it’s actually a crucial step in keeping your business financially transparent and legally sound. Missing the deadline can lead to penalties, unnecessary stress, and last-minute scrambling. Instead of rushing at the last minute, take a proactive approach—review your records, coordinate with your auditors, and get your documents in order well in advance.