DPT3 – One time reporting of Outstanding receipt of money or loan not considered as deposits
The Central Government has notified the Companies (Acceptance of Deposits) Amendment Rules, 2019 which directs every company other than Government company to file a one-time return of outstanding receipt of money or loan by a company but not considered as deposits.
Applicability
All Companies other than Government Companies that have outstanding receipt of money or loan as on 22nd January, 2019, from any entity/ individual (from anybody) will get covered under this notification. The money/ loan should be received during the period 01st April, 2014 to 22nd January 2019.
What all receipts of money or loan from any entity / individual (anybody) will get covered
All kinds of receipts of monies or loans which were not considered as deposits in terms of clause (c) of sub-rule 1 of rule 2 of the Companies (Acceptance of Deposits) Rules, 2014 would get covered under this notification.
Following are some of the prominent type’s receipts of monies or loan which shall get covered under this notification:
a)any amount received as a loan or facility from any banking company
b)any amount received as a loan or financial assistance from Public Financial Institutions
c)any amount received by a company from any other company
d)any amount received from a person who, at the time of the receipt of the amount, was a director of the company
e)any amount received from a person who, at the time of the receipt of the amount, was a relative of the director of the Private company
f) any amount received in the course of, or for the purposes of, the business of the company as an advance for the supply of goods or provision of services or as security deposit for the performance of the contract for supply of goods or provision of services.
- Mode & frequency of filing
This one-time return is to be filed within 90 days of publication of Rules i.e. on or before 20 April, 2019.
