Companies One-time Return "Due soon" for Deposits!!
Companies One-time Return of Deposits Background The Ministry of Corporate Affairs (MCA) through its notification dated 22 January 2019 made certain amendments to the Companies (Acceptance of Deposits) Rules, 2014 (Deposit Rules). Following are the key amendments relating to return of deposits: Annual return (Rule 16): Every company (other than a government company) should use form DPT-3 (return of deposits) to file: a) A return of deposit b) Particulars of a transaction not considered as deposit or c) Both This return should be filed with the Registrar of Companies (ROC) on or before 30 June, of every year (comprising information contained therein as on 31 March of that year duly audited by the auditor of the company). One-time return (Rule 16A): A one-time return is required to be filed by every company (other than a government company) with respect to the receipt of money or loan outstanding but not considered as deposits for the period from 1...