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Every company must file a return of deposits in the form of DPT-3 and must submit it to the Ministry of Corporate Affairs (MCA) by June 30 each year. However, government companies are excluded from the process. The return should include the details of outstanding loans, details of deposits, and any amounts received from any source that does not qualify as deposits on March 31st of the same year. Form DPT-3 (Return of Deposits) needs to be submitted with the company’s audited report of the current year so that it ensures accuracy and necessary compliance.
We know all companies do not appoint a permanent auditor or Chattered Accountant to save cost. Don’t worry, Online Legal India has expert CA/CS to create a Return Filing on behalf of your company. You can stay confident that form DPT-3 return filing submission will be done successfully and flawlessly. Get started today to file your DPT-3 filing accurately and efficiently
The creditors and depositors are the passive supporters of companies. Every company should respect the interests of creditors and depositors. In consultation with the Reserve Bank of India, the Central Government introduced the amendments for the companies regarding “Acceptance of Deposits” Rules, 2014 through the Companies Amendment Rules 2019. According to the new rules of Acceptance of Deposits, DPT-3 Filing is mandatory.
Through this rule, MCA vide its notification dated 22nd January, 2019, they notified that all companies except government companies must file a One-Time Return through the form DPT- 3 annually.
Several Types of Companies Need to File DPT-3. They are:
If a company receives loans from some specific entities, those companies must file the form DPT-3. The entities are:
Any company receiving a loan from its holding company and having a controlling stake in it, From DPT-3 is mandatory to file.
The company or entity receiving a loan from any subsidiary company that has control over the borrowing company needs to file form DPT-3.
When a company receives a loan from an associated company, it needs to file DPT-3.
Under the Acceptance of Deposits Rules of 2014, certain companies are exempted from filing the DPT-3 form as per the Companies Act. The exemptions primarily relate to the filing of loan returns. The following types of companies are exempt from filing Form DPT-3:
The companies which are completely owned by the state or central government will be exempted from DPT-3 filing.
Banks regulated by the RBI (Reserve Bank of India) do not require filling out the DPT Form.
NBFCs or Non-Banking Financial Companies which are registered under RBI are exempted from filing the return.
Companies registered as housing finance registered under the National Housing Bank (NHB) are exempted from the filling of DPT-3.
In some rare cases, the Ministry of Corporate Affairs (MCA) may notify some companies under section 73, subsection 1. These companies are exempted from DPT-3 return filing.
Apart from the exempted companies, all companies are required to file DPT-3, if they fulfill the criteria.
The filing of DPT-3 applies to a wide range of debts and monetary transactions. Here are some types of debts or money which require DPT-3 form filing:
The loans which does not need to submit any collateral or security attachment, require DPT-3 filing.
The companies take secured loans against any collateral or security requires DPT-3 filing.
If any company borrows loans from external sources like banks or financial institutions require a return filing to MCA.
Loans or debts obtained by commercial companies or for any commercial purposes must submit DPT-3.
The following transactions are not considered as the count of deposits:
If the financial year starts on April 1st, of any year and ends on March 31st of the next year, the DPT filing date would be June 30 of the next year.
The financial year in India usually starts on April 1st and ends on March 31st of the following year. Depending on the DPT return filling rule, companies have to submit the report within the next 3 months of the closing of the financial year.
Hence, the due date for DPT filing is June 30th of each year for the eligible companies. For example, if the financial year starts on April 31st, 2023, and closes on March 31, 2024, the due date for DPT-3 submission will be June 30th. If you are unaccustomed to filing DPT-3 online, Online Legal India is with you to submit the form for you. Contact us now.
The following documents are required for filling out Form DPT-3: They are:
Optional Documents May Include:
According to the demands of supporting companies, CA may charge differently to file it in case you are not capable of filing the form DPT-3.
In case any company fails to comply with Rules 16 and 16A of the Companies (Acceptance of Deposits) Rules, 2014, it may be penalized and face some other legal consequences. Therefore, it is better to submit the form DPT-3 to MCA to comply with their rules and regulations.
According to the Companies Act 2013, if any company fails to comply with the return filing through DPT 3, they can be subjected to the following penalties:
A fine of up to 5 thousand rupees may be charged by law
A fine of up to 5 thousand rupees may be charged by law for the officers involved in this noncompliance.
If the dispute continues for some time, each day will be charged Rs. 500. If the scheduled time is June 30th and you submit it on the next day (July 1st), you will be charged Rs. 500 for the day along with the regular fee.
So, comply with the Companies Act 2013, and file DPT-3 by our expert CA. So, what are you waiting for? Contact us now to learn more.
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‘Kahin par pohochne ke liye, kahin se nikalna bohot zaroori hota hai’
- Yeh Jawani Hain Deewani
- Rajesh Kewat
We all know today’s world is totally running on online technology, to utilize this online platform and preventing people from moving pillar to post that small town entrepreneur came up with an one stop solution for providing all sort of legal and professional services at their doorstep in the name of FastInfo Legal Services Pvt. Ltd.
We all know today’s world is totally running on online technology, to utilize this online platform and preventing people from moving pillar to post that small town entrepreneur came up with an one stop solution for providing all sort of legal and professional services at their doorstep in the name of FastInfo Legal Services Pvt. Ltd.
A small town boy with a dream in his eyes to reach the sky. Mr Rajesh Kewat who is the Managing Director and Founder of one of the Leading Online Business Sector “FastInfo”.
He believed positive motivation & inspiration are the hallmark of success for the entrepreneur from a small town, there may not be availability of proper resources but will power and confident is a gentle way to achieve the success.
Under the brand name of Online Legal India which is basically focused on fighting against online fraud and providing professional services for business compliances. Online Legal India became one of the India’s leading online companies and within a short period of time it grabbed customer’s heart. Online Legal India basically dealing with consultation services on Legal matters, GST filing and Registration, TAX compliance,
IEC Registration, FSSAI Registration, Company Registration, Trademark Registration, Consumer Complaint and many more.
When Online Legal India was flourishing at a higher range, and reaching out the customers for the legal and business compliance with a high outcome, FastInfo had decided to come up with an E- Learning platform to serve the students in both urban and rural areas. He realized there are many students in the rural areas who are lacking in the education due to the lack of proper infrastructure& there are large number of students from distance education or open universities who are not getting enough help from anywhere.
Mr Rajesh Kewat(Founder) who was associated with one of the leading education sector OXFORD for a long time decided to come up with an idea of enhancing his skill in the education sector. Therefore, he came up with an idea of launching an Online Educational Platform and making it accessible throughout the nation which enables LIVE interactive classes between a teacher and a student. He named the same as “FastInfo Class”, this is the online platform to provide education to the students and at the same time providing quality guidance. FastInfo Class provide the online tuition to IGNOU & NIOS bachelors and masters’ student, students appearing for Competitive Examslike Banking Exam including IBPS Exam, Railway Exam (RRB Exam), UPSC CSE etc and also provide helps for co-curricular courses.
Like this, FastInfo is growing towards the achievement to become the India’s largest online platform for e- commerce sectors. FastInfo is yet to come up with many more projects in upcoming future like FastInfo Tech which is going to be launched very soon for the IT sector.
The story of Rajesh Kewat, a simple man from the small town of West Bengal, might seem like a run of the mill rags to riches story, but it is so much more:
We come across many rags to riches stories in a lifetime. Most of the stories are about an individual toiling hard to become significant in the world. The story of Rajesh Kewat, a simple man from the small town of Dinhata, West Bengal, might seem like a run of the mill rags to riches story, but it is much more. It is a story of a hardworking man who has managed to turn his fortunes and is now dedicated to simplifying the lives of those around him. Rajesh Kewat, a Masters in Computer Application is the Managing Director of FastInfo Legal Services Pvt. Ltd.
FastInfo Legal Services, formerly known as True Consultants was initially a platform for online RTI applications. The existence of an online portal for the same bridged the gap between the citizens and their right to question. The platform helped the citizens’ voices reach the correct places at a menial cost, affordable to all.
Online Legal India, another venture of Rajesh Kewat also enables easier procedures for GST Filing & Registration, Company Registration, Trade Mark Registration, and many more. It is a boon for small scale businesses as well, as it helps with formalities like business registrations & compliances.
Rajesh Kewat has been unstoppable once he realized the potential of simplifying lives with the help of the digital platform. He also started the FastInfo Classes that are not just online tutorials available for school students; it also has classes for competitive exams. There are multiple distance learning courses that are available on the platform. Many realize the positive and significant change that one can bring around, but only a few take a leap of faith and work to create that change.
Rajesh Kewat had been through the worst phase of his life in 2017, when he lost everything he had, to the point of being financially broke. But, it is his perseverance and confidence that helped him take back his worth and be a much stronger individual. He is a fine example to prove that to run a business, all one needs is the will to work hard and a sharp mind to make the right decisions.
A man of dreams and conviction, he shows in action how to never stop dreaming
Rajesh is a small-town entrepreneur, who just three years back had seen the whole of his life, crippling in front of his eyes as he fought with the world for his love. He lost his job, assets, and all his money to save his love and the phase was obviously very painful for him. This unknown storm had left him with no belongings but he was not yet completely broken. He carried in him a stunning spirit to fight back, get up, and create a beautiful future for himself.
From there on, he started building his own ladder to success without any financial support & only with blessing of those special people who blessed him in that tough time. He turned his venture FastInfo Legal Services Pvt Ltd into a profit-churning enterprise in no time and today boasts of a wide clientele and hundreds of positive testimonials.
Rajesh was born in Dinhata in 1985, in a lower-middle-class family. His father was an Assistant Manager at a petrol pump back then. His schooling was at Stationpara Saranarthi High School and then he pursued his Bachelor of Computer Applications from IGNOU followed by his Master of Computer Application from Punjab Technical University.
Being entrepreneurial in nature with a vision to support the greater good of society, he started working as an RTI activist while still studying, helping to educate people and supporting them in crucial matters.
His professional career began with a job at Lalani Computer Academy where he worked as a marketing executive for a humble pay of Rs. 2000 per month. For the next twelve years, he worked across a number of small firms, including Brainware Computer Academy, FirstSource Solution Limited, and took on the role of a teacher at Brahmani Chowki High School. Then he joined Educomp Solution Limited, Pearson India Education Services Pvt Ltd followed by Oxford as a Consultant.
Even while he was making his professional career, the idea of serving society never left him. His decade-long experience as an RTI activist prompted him to do something bigger to help the people. So, he came up with an online platform under the head of True Consultant to file RTI applications, which is open to everyone who wants to exercise their right by filing their RTI application at a very nominal charge.
While implementing these businesses, he came up with a new innovative online platform for the education sector named FastInfo Class.
This focused on Distance Education and online tutorial for the preparation of competitive exams as there were lagging with systematic tutorial classes and study centre through www.fastinfoclass.com.
Rajesh Kewat, Founder and Managing Director of the FastInfo Legal Services Pvt. Ltd. was awarded “Businessman of the Year” by renowned Bollywood actress Malaika Arora at the first edition of the National Fame Awards 2022 presented by Brands Impact in a ceremony held at one of the most opulent hotels, Vivanta New Delhi, Dwarka.
India’s top branding company Brands Impact organized the first edition of the National Fame Awards aiming to recognize the efforts and dedication of individuals and companies that have risen to fame and have nationwide supporters/ clientele, owing to their talent and contributions to various industries.
Congratulating Mr. Kewat, Amol Monga, Founder and Director of Brands Impact said “It is a matter for pride to be honouring people like Mr. Kewat who inspire thousands of budding entrepreneurs and businessmen who wish to make it big just like him. I wish him even greater heights of success and prosperity for future"
A man with humble beginnings, Mr Rajesh Kewat is the Founder and Managing Director of FastInfo Legal Services Pvt. Ltd. He grew up in a small town named Dinhata in the Cooch Behar district of West Bengal. As it's said that adversity is a great teacher and Mr. Kewat definitely learned a lot from his days of struggle. To help run their household, he started working at a young age.
On receiving the award, Mr. Kewat said, “This is a very proud moment for me, I want to dedicate this award to each and every member of the FastInfo group, my family members and all my well-wishers without whose support, it wouldn’t have been possible for me to stand on this stage today. I might be present here today physically, receiving this award but there are hardworks of many people behind this achievement. I would also like to thank Ms. Malaika for presenting me with the award.”
He wanted to achieve big things in life and knew becoming a businessman was one way to do so. People often think that a huge investment is needed to start a business. Yet, Mr. Kewat proved everyone wrong by starting his business with only an investment of rupees 1000 and today owns a group of companies with a turnover of crores. His group of companies comprises of six brands namely Online Legal India, FastInfo Class, Online RTI Application, Innovative Bharat, OnlyDesi, and Online Class India. As per his beliefs, anyone with a passion for business can become an entrepreneur and he always derives utmost satisfaction in encouraging the youth of the country. Mr Kewat believes, “You don’t need money to build your business empire, what you need is big dreams and a sharp mind! If you got it, try it.”
An ardent social worker, he has always found a way to give back to society, be it through filing RTI applications for free as a teen to launching his own websites like Online Legal India for legal advice, and FastInfo Class for Online Spoken English classes at an affordable fee of rupees 299/month. Inspiration for this is deeply embedded in his own experiences. As a child, due to challenging financial conditions, he had to transfer from an English-medium school to Bengali- medium and from then he has faced firsthand problems arising due to the lack of fluency in spoken English. To help people from tier three cities overcome this problem he is on his newfound mission to provide Spoken English and overall personality development classes by opening up centers starting with his district Coochbehar.
Recently, he launched the Online RTI Application website absolutely free for the public to obtain expert advice on RTI filing. His main goal has always been to bridge the gap between affordability and accessibility.
A journey of a thousand miles begins with a single step, and for Mr Rajesh Kewat this is just the beginning of his journey. He will always find ways to help society and encourage entrepreneurship among the youth of India!
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DPT-3 is a form that needs to be duly filled out to submit the return of deposits. The companies must file it, mentioning the deposits and/or outstanding receipts of loans, due loan amount, and so on. Companies must file it to report outstanding money or loans. The file has to be submitted to the MCA (Ministry Of Corporate Affairs)
