Overview
Under the Companies Act, private companies are strictly prohibited from accepting "Deposits" from the general public. They can only accept "Exempted Deposits" (e.g., loans from directors, bank loans, inter-corporate loans, or business advances). To monitor this, the MCA mandates that every company (except government companies) must file Form DPT-3 every year by June 30th. This form must declare all outstanding receipts of money or loans—whether considered as deposits or exempted deposits—that the company holds as of March 31st of that year.
What is Included in Our Package
Detailed compliance and filing scope managed by JRC corporate experts.
Documents Required to Start
Upload digital files during onboarding. No physical submissions needed.
Financial Data
- Audited or Unaudited Balance Sheet as of March 31st
- Ledger details of all outstanding loans, bank borrowings, and director loans
- Details of advance payments received from customers pending for > 365 days
Certifications
- Auditor’s Certificate (Mandatory if you are filing a return of "Deposits", optional but recommended for "Exempted Deposits")
- Digital Signature Certificate (DSC) of the Director
Step-by-Step Filing Timeline
Our step-by-step advisory workflow.
Step 1: Data Reconciliation
We review your accounts to identify all outstanding loans, advances, and bank facilities as of the close of the financial year.
Step 2: Classification
We meticulously classify each liability under the specific categories of Rule 2(1)(c) of the Deposit Rules to ensure they are marked as "Exempted".
Step 3: DPT-3 Preparation
We fill Form DPT-3, inputting the net worth of the company and the detailed breakdown of the outstanding amounts.
Step 4: Submission
The form is digitally signed and filed on the MCA portal before the June 30th deadline.
Key Advantages of Timely DPT-3 Filing
Avoid massive penalties for unauthorized deposit acceptance.
Avoid Severe Penalties
Failing to file DPT-3 attracts standard late fees. However, if the MCA suspects you are hiding illegal deposits, the fines can reach up to Rs. 2 Crores or twice the deposit amount.
Statutory Transparency
Proper classification of director loans and bank loans proves to the ROC that your company is not violating the Deposit Rules.
Audit Readiness
DPT-3 forces the company to reconcile all its loan accounts early in the year, making the final statutory audit much smoother.
Frequently Asked Questions
Helpful answers to common regulatory inquiries.
Do we have to file DPT-3 if we have no loans?▼
If the company has absolutely zero outstanding loans, bank borrowings, or advances as of March 31st, DPT-3 is technically not required. However, many professionals recommend filing a "Nil" return as a best practice to avoid future notices.
Are loans from a director’s relative considered exempted?▼
For a Private Limited Company, loans from relatives of directors are considered exempted deposits (provided a declaration is given that the money is not borrowed). For Public Companies, they are treated as deposits.
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