New avatar of DPT-3 requires aging details for exempted deposits
– Also burdened with irrelevant deposit related details
– Payal Agarwal, Senior Executive (payal@vinodkothari.com)
The format of the “return on deposits” and on “exempted deposits”, that is, form DPT-3 has been amended pursuant to the notification of the Companies (Acceptance of Deposit) Amendment Rules, 2022 (“Amendment Rules”) on 29th August, 2022. While the same has been made applicable immediately, the revised format will be actually relevant for the filing of form DPT-3 for FY 2022-23, since the due date for filing DPT-3 for FY 2021-22 has already expired on 30th June, 2022. It is interesting to note that while most of the changes pertain to the “return of deposits”, the same does not have any practical significance in India. However, there is specifically one addition w.r.t. the money received by a company, but not considered as deposit, i.e., exempted deposits.
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