Acceptance of Deposits under Companies Act: Section 73 to 76, Form DPT-3 & Exempted Receipts Guide

1. Executive Overview: The Public Interest Rationale of Deposit Regulation

In corporate financial governance under the Companies Act, 2013, the mobilization of capital from the public or existing members through unsecured borrowings, short-term promissory notes, and investment deposits is subject to the strictest statutory oversight. Historically, unscrupulous promoters exploited unregulated corporate deposit schemes, chit funds, and unmonitored collective investment arrangements to siphon public savings, subsequently defaulting on repayments and precipitating catastrophic investor losses. To definitively eradicate these fraudulent financial schemes and safeguard public confidence, Parliament enacted Chapter V (Sections 73 to 76A) of the Companies Act, 2013, read with the Companies (Acceptance of Deposits) Rules, 2014.

The statutory architecture of Section 73 establishes an absolute foundational prohibition: no company shall invite, accept, or renew deposits under this Act from the public, except in the manner provided under Chapter V. For private limited companies and non-eligible public companies, deposits can be mobilized strictly from their own members under rigorous conditions, including passing a resolution in general meeting, issuing an informational circular in Form DPT-1, and maintaining a liquid Deposit Repayment Reserve (DRR) of at least 20% under Section 73(2)(c). For large public companies qualifying as "Eligible Companies" under Section 76 (net worth ≥ ₹100 Crore or turnover ≥ ₹500 Crore), public deposits are permitted only upon obtaining investment-grade credit ratings from SEBI-registered rating agencies and providing tangible asset-backed security.

Furthermore, to maintain complete transparency across corporate balance sheets, the Ministry of Corporate Affairs (MCA) introduced Rule 16A, mandating every company (other than government companies) to file an annual statutory return in Form DPT-3 by June 30 disclosing not only actual deposits, but also all "particulars of transactions by a company not considered as deposit" under Rule 2(1)(c). A contravention of the deposit provisions triggers catastrophic criminal liability under Section 76A: mandatory corporate fines of up to ₹10 Crore, and personal imprisonment for defaulting officers extending up to seven years. Deploying secretarial practice management platforms like assurePractice and financial verification tools like assureFinancials is essential for corporate controllers to maintain compliant debt registers and avert disqualification under Section 164(2).

2. Statutory Architecture: Section 73 versus Section 76 Comparative Framework

Corporate legal counsels and company secretaries must clearly delineate the statutory boundaries between deposits accepted from members and deposits mobilized from the public:

Regulatory Parameter	Section 73 (Deposits from Members)	Section 76 (Deposits from Public by Eligible Companies)
Eligible Corporate Form	Private Limited Companies and Non-Eligible Public Limited Companies.	Public Limited Companies having Net Worth ≥ ₹100 Crore OR Turnover ≥ ₹500 Crore.
Target Depositor Pool	Exclusively existing Members / Shareholders of the company. Strictly barred from public.	General Public, in addition to existing members.
Shareholder Approval	Ordinary Resolution passed in General Meeting (Special Resolution for specified private companies).	Special Resolution passed in General Meeting and filed in Form MGT-14 with ROC prior to invitation.
Credit Rating Requirement	Not mandatory for acceptance of deposits from members.	Mandatory: Must obtain an investment-grade credit rating from a recognized rating agency every year.
Deposit Repayment Reserve (DRR)	Mandatory 20% of deposits maturing in the following financial year deposited in a scheduled bank by April 30.	Mandatory 20% Deposit Repayment Reserve deposited in a scheduled bank on or before April 30.
Deposit Ceiling Limits	Up to 35% of (Paid-up Capital + Free Reserves + Securities Premium). 100% for qualifying private companies.	Up to 25% from Public + 10% from Members of (Paid-up Capital + Free Reserves + Securities Premium).
Statutory Filing Form	Form DPT-1 (Circular) filed with ROC 30 days before issue; Form DPT-3 filed annually by June 30.	Form DPT-1 (Advertisement in newspapers + ROC filing); Form DPT-3 filed annually by June 30.

3. Deep-Dive Technical Mechanics & The 25+ Exempted Receipts under Rule 2(1)(c)

3.1 Definition of "Deposit" under Section 2(31)

Under Section 2(31) of the Companies Act, 2013, "deposit" includes any receipt of money by way of deposit or loan or in any other form, by a company, but does not include such categories of amount as may be prescribed in consultation with the Reserve Bank of India (RBI). The statutory presumption is universal: any receipt of money by a company is deemed to be a deposit unless it falls squarely within one of the exempted categories enumerated in Rule 2(1)(c) of the Companies (Acceptance of Deposits) Rules, 2014.

3.2 The Core Negative List of Exempted Receipts under Rule 2(1)(c)

The following receipts are statutorily excluded from the definition of deposits, provided specific documentary conditions are satisfied:

1. Government & International Receipts: Any amount received from Central/State Government, local authorities, or foreign governments, foreign banks, or multilateral financial institutions.
2. Institutional Borrowings: Loans received from Public Financial Institutions (PFIs), scheduled commercial banks, regional rural banks, or cooperative banks.
3. Commercial Paper & Capital Market Debt: Amounts received against issuance of commercial paper in accordance with RBI guidelines, or foreign currency convertible bonds (FCCBs).
4. Inter-Corporate Deposits (ICDs): Any amount received by a company from any other company (intra-group or third-party corporate lending).
5. Share Application Money & Advance for Securities (Rule 2(1)(c)(vii)):
   • Must be appropriated towards allotment of securities within 60 days from the date of receipt.
   • If not allotted within 60 days, the company must refund the amount within 15 days from the date of completion of 60 days.
   • The 75-Day Trap: If not refunded within 15 days (i.e., by the 75th day), the entire amount is statutorily treated as a deemed deposit from the 75th day, triggering criminal penalties under Section 76A.
6. Director Loans & Relative Loans (Rule 2(1)(c)(viii)):
   • Any amount received from a person who, at the time of receipt of the amount, was a Director of the company.
   • For Private Limited Companies, amounts received from a relative of a director are also exempt.
   • Mandatory Written Declaration: The director or relative must furnish a written declaration at the time of advancing the money stating that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others. The company must record this in the Board's Report.
7. Secured Debentures / Bonds: Bonds or debentures secured by a first charge on tangible assets (excluding intangible assets) with a valuation certified by a registered valuer, where the market value of assets exceeds the debenture value.
8. Compulsorily Convertible Debentures (CCDs): Unsecured debentures convertible into equity shares within a period not exceeding ten years.
9. Employee Security Deposits: Non-interest-bearing security deposits received from an employee, not exceeding the annual salary of such employee under their contract of employment.
10. Non-Interest Bearing Trust Deposits: Amounts received and held in trust.
11. Business Advances for Goods & Services (Rule 2(1)(c)(xii)):
    • Advances received for the supply of goods or provision of services, provided the advance is appropriated against supply within 365 days from the date of receipt. If the advance is not adjusted within 365 days, it becomes a deemed deposit on the 366th day, unless subject to legal proceedings.
    • Advances received in connection with consideration for an immovable property under an agreement.
    • Security deposits for the performance of a contract for supply of goods or services.
12. Promoter Subordinated Debt: Unsecured loans brought in by promoters pursuant to stipulations imposed by lending banks or financial institutions, where such loans are subordinated to bank debts.
13. Startup Convertible Notes: An amount of ₹25 Lakhs or more received by a DPIIT-recognized startup company in a single tranche from a person by way of a convertible note (convertible into equity shares or repayable within ten years).

3.3 Deposit Repayment Reserve (DRR) Account Mechanics: Section 73(2)(c)

Every company accepting deposits from members or the public must deposit, on or before the 30th day of April of each year, an amount which shall not be less than twenty per cent (20%) of the amount of its deposits maturing during the following financial year, in a scheduled bank in a separate bank account to be called the Deposit Repayment Reserve (DRR) Account.

The funds in the DRR account cannot be used for any purpose other than for the repayment of deposits. Utilizing DRR funds for working capital or general corporate expenses is a serious statutory violation.

3.4 Form DPT-3 Annual Return Filing Mandate: Rule 16 & Rule 16A

Under Rule 16 and Rule 16A of the Companies (Acceptance of Deposits) Rules, 2014, every company (other than government companies) must file Form DPT-3 on or before June 30 every year with the Registrar of Companies for information as on March 31 of that financial year.

Form DPT-3 contains four distinct statutory radio buttons:

1. Radio Button 1: Standalone return of deposit (For companies having actual deposits).
2. Radio Button 2: Particulars of transactions by a company not considered as deposit as per Rule 2(1)(c) (Universal filing for almost all active companies having director loans, bank loans, or trade advances).
3. Radio Button 3: Return of deposit and particulars of transactions not considered as deposit (Composite filing for companies having both actual deposits and exempted borrowings).
4. Radio Button 4: One-time return (Historical transition filing).

Mandatory Statutory Auditor Certificate: When filing Form DPT-3 under Radio Button 1 or Radio Button 3, an independent Chartered Accountant's certificate certifying the deposit balances and DRR compliance is strictly mandatory. For Radio Button 2, while the e-form does not technically reject filings without a certificate, attaching an auditor's certificate is best practice to avoid ROC scrutiny notices.

3.5 Draconian Penalties under Section 76A

Section 76A establishes severe penal consequences for accepting deposits in contravention of Chapter V:

• Penalty on the Company: In addition to repaying the deposit and interest due, the company shall be punishable with a fine which shall not be less than ₹1 Crore or twice the amount of deposit accepted, whichever is lower, which may extend up to ₹10 Crore.
• Personal Penalty on Officers in Default: Every officer of the company who is in default shall be punishable with imprisonment which may extend to seven years AND with a fine which shall not be less than ₹25 Lakhs, which may extend up to ₹2 Crore.
• Section 447 Fraud Invocation: If it is proven that the officer accepted deposits willfully or with intent to defraud creditors or depositors, they are directly prosecuted under Section 447 for corporate fraud (non-bailable imprisonment up to 10 years).

4. Practical Examples, Case Studies & Numerical Illustrations

The following real-world case studies analyze common compliance pitfalls, deemed deposit transitions, and audit defense strategies under Chapter V of the Companies Act, 2013.

Case Study 1: The 75-Day Share Application Money Deemed Deposit Trap

Context & Facts: M/s Apex Infra Projects Pvt Ltd received ₹5,00,00,000 as share application money from private investors on November 1, 2023. The company failed to convene a Board meeting to allot equity shares due to valuation disputes with investors. As on December 31, 2023 (60 days from receipt), no shares were allotted. The company did not refund the money within the subsequent 15 days (by January 15, 2024). The funds were eventually refunded on March 25, 2024.

Statutory Analysis under Rule 2(1)(c)(vii):

1. Day 1 to 60: The share application money is an exempted receipt under Rule 2(1)(c)(vii).
2. Day 61 to 75: Under the proviso, if not allotted within 60 days, the company has 15 days to refund the amount. During these 15 days, it remains an unallotted application advance.
3. Day 76 onwards (January 16, 2024): Because the money was not refunded by Day 75, the entire ₹5,00,00,000 automatically transformed into a DEEMED DEPOSIT on January 16, 2024.
4. Contravention: The company accepted deposits from non-members without complying with Section 73/76, without filing Form DPT-1, without passing resolutions, and without maintaining a 20% Deposit Repayment Reserve.
5. Consequences: The Statutory Auditor must report a Section 73 violation under CARO 2020 Clause (v). The ROC issued a show-cause notice under Section 76A proposing a fine of ₹1 Crore on the company and prosecution of directors. Managing allotment schedules in assurePractice prevents application money from crossing the critical 60-day threshold.

Case Study 2: Director's Loan Funded via Third-Party Borrowing (Declaration Breach)

Context & Facts: Director Ramesh advanced an unsecured loan of ₹80,00,000 to M/s Zenith Manufacturing Pvt Ltd on May 10, 2024, to meet working capital requirements. Ramesh submitted a declaration stating that the loan was from his own funds. During an MCA inspection under Section 206, the inspector examined Ramesh's personal bank statements and discovered that on May 9, 2024 (one day prior), Ramesh had borrowed ₹80,00,000 from an unrelated third-party private lender.

Legal Ramifications under Rule 2(1)(c)(viii):

• Under Rule 2(1)(c)(viii), director loans are exempt ONLY IF the director furnishes a declaration that the funds were not acquired by borrowing or accepting loans/deposits from others.
• Because Ramesh borrowed the funds, the declaration was factually false. The statutory exemption is completely void.
• The ₹80,00,000 is reclassified as an illegal public deposit accepted in violation of Section 73.
• The ROC initiated adjudication under Section 454 and criminal prosecution under Section 76A and Section 448 (false statement). Storing authenticated director loan declarations in assurePractice ensures that financing trails remain fully compliant.

Case Study 3: Commercial Trade Advance Exceeding 365 Days

Context & Facts: M/s Horizon Engineering Ltd received a customer trade advance of ₹1,50,00,000 on June 15, 2023, for supplying heavy industrial boilers. Due to project redesign delays, the boilers were not manufactured or delivered within 365 days (by June 14, 2024). The company continued to classify the ₹1,50,00,000 as "Other Current Liabilities - Customer Advances" in its balance sheet as on March 31, 2025.

Deemed Deposit Transition under Rule 2(1)(c)(xii):

• Under Rule 2(1)(c)(xii)(a), any advance received for the supply of goods is exempt provided such advance is appropriated against supply within a period of 365 days from the date of acceptance of each advance.
• On June 15, 2024 (the 366th day), the unappropriated advance of ₹1,50,00,000 automatically converted into a deemed deposit.
• The company was legally required to report this ₹1,50,00,000 as a deposit in Form DPT-3 filed for FY 2024-25 and deposit 20% in the DRR account. Omitting this disclosure constitutes filing an inaccurate return, attracting penalties under Rule 21 and Section 76A. Reconciling aging advances via assureFinancials prevents trade advances from slipping into deposit status.

Case Study 4: 100% Net Worth Exemption for Private Companies under MCA Notification

Context & Facts: M/s Prime Retail Pvt Ltd has paid-up share capital of ₹2 Crore, general reserves of ₹3 Crore, and securities premium of ₹1 Crore (Total: ₹6 Crore). The company accepted unsecured loans of ₹5,50,00,000 from its existing shareholders on September 1, 2024, without creating a Deposit Repayment Reserve or obtaining credit ratings.

Statutory Exemption Analysis:

1. Under MCA Notification No. G.S.R. 464(E) dated June 5, 2015 (as amended on June 13, 2017), clauses (a) to (e) of Section 73(2) (including the 20% DRR requirement and deposit insurance) do NOT apply to a private company which accepts money from its members not exceeding 100% of the aggregate of the paid-up share capital, free reserves, and securities premium account.
2. Aggregate Capital Base = ₹2 Cr + ₹3 Cr + ₹1 Cr = ₹6,00,00,000.
3. Deposits accepted from members = ₹5,50,00,000 (which is 91.67% of the capital base, ≤ 100%).
4. Compliance Requirement: The company is fully exempt from the DRR and circular requirements. However, it must file details of the ₹5.50 Crore deposit in Form DPT-3 with the ROC by June 30, 2025.

Case Study 5: Form DPT-3 Radio Button Selection Error & Auditor Certificate Mismatch

Context & Facts: M/s Delta Logistics Ltd has ₹25 Crore in bank borrowings and ₹2 Crore in director loans (both exempted under Rule 2(1)(c)), and has zero public or member deposits. The accountant selected Radio Button 3 ("Return of deposit and particulars of transactions not considered as deposit") instead of Radio Button 2, but attached an auditor certificate stating zero deposits.

MCA Portal Rejection & Compliance Hazard:

• Selecting Radio Button 3 indicates to the MCA database that the company has accepted actual deposits, triggering automated compliance checks for Deposit Repayment Reserve (DRR) compliance and Form DPT-1 filings.
• The MCA portal flagged the filing as defective and issued a scrutiny notice under Section 454.
• Remediation: The company must file an application for cancellation of the defective form, pay additional filing fees, and refile Form DPT-3 under Radio Button 2 with the correct auditor certificate. Managing Form DPT-3 pre-validation in assurePractice ensures perfect form selection.

Case Study 6: Adjudication under Section 454 for Delayed Form DPT-3 Filing

Context & Facts: M/s Global Trade Pvt Ltd failed to file Form DPT-3 for FY 2023-24 by the statutory deadline of June 30, 2024. The form was filed belatedly on November 10, 2024 (133 days delay). The company had ₹4 Crore in bank loans and ₹50 Lakhs in director loans.

ROC Adjudication Order:

• Under Rule 21 of the Companies (Acceptance of Deposits) Rules, 2014, failure to comply with Rule 16A attracts penalties under Section 450 (up to ₹10,000 plus ₹1,000 per day for continuing failure).
• The ROC Adjudicating Officer imposed a penalty of ₹50,000 on the company and ₹25,000 each on two directors.
• Automated compliance monitoring via assureNotice ensures that practice teams receive automated reminders 30 days, 15 days, and 7 days prior to the June 30 deadline.

Case Study 7: Startup Convertible Note Repayment Window Breach

Context & Facts: In May 2014, DPIIT-recognized startup 'InnovateTech Ltd' issued convertible notes of ₹50 Lakhs to an angel investor, repayable or convertible within 5 years. In 2019, the startup extended the repayment period to 10 years (permissible under amended Rule 2(1)(c)(xvii)). In May 2024 (completion of 10 years), the company had neither converted the notes into equity nor repaid the ₹50 Lakhs.

Legal Status Post 10 Years:

• Under Rule 2(1)(c)(xvii), convertible notes are exempt strictly if convertible or repayable within a period not exceeding ten years from the date of issue.
• Upon expiry of 10 years without conversion or repayment, the exemption terminates automatically. The ₹50 Lakhs becomes a deemed deposit.
• The startup must immediately convert the notes or repay the principal plus interest, otherwise it faces severe non-compliance penalties under Section 76A.

5. 10-Step Practitioner Audit Verification Program for Deposits & Form DPT-3

Company secretaries, secretarial auditors, and statutory auditors should execute this 10-step verification audit across all corporate entities before June 30:

Step #	Audit Verification Domain	Key Verification Actions & Evidentiary Records	Statutory Reference
Step 1	Liability Ledger Extraction	Extract all credit balances from balance sheet: Secured Loans, Unsecured Loans, Advances, Security Deposits, and Other Payables.	Section 2(31) & Rule 2(1)(c)
Step 2	Negative List Exemption Mapping	Map each liability item against the 25+ exempted categories under Rule 2(1)(c). Verify underlying contracts, loan sanction letters, and bank statements.	Rule 2(1)(c)(i) to (xx)
Step 3	Director Loan Declaration Audit	Inspect written declarations signed by directors/relatives confirming funds were not borrowed. Verify Board Report disclosures.	Rule 2(1)(c)(viii)
Step 4	Share Application Money Aging	Track age of all unallotted share application money. Confirm allotment within 60 days or refund within 15 days to prevent 75-day deposit trap.	Rule 2(1)(c)(vii)
Step 5	Trade Advances Aging Check	Audit customer advances. Confirm that advances for goods/services are appropriated within 365 days or backed by ongoing commercial contracts.	Rule 2(1)(c)(xii)
Step 6	Deposit Repayment Reserve (DRR) Check	For companies with actual deposits, verify that at least 20% of deposits maturing in the following FY was deposited in scheduled bank by April 30.	Section 73(2)(c) & Rule 13
Step 7	Net Worth & Ceiling Limit Testing	Calculate 35% or 100% deposit ceiling based on audited paid-up capital, free reserves, and securities premium. Verify zero excess borrowings.	Section 73(2) & Rule 3
Step 8	Form DPT-3 Radio Button Selection	Select correct Radio Button: Button 2 for exempted borrowings only; Button 1/3 for actual deposits. Ensure zero form classification mismatch.	Rule 16 & Rule 16A
Step 9	Statutory Auditor Certification	Obtain independent Chartered Accountant's certificate verifying figures reported in Form DPT-3 against audited balance sheet ledgers.	Form DPT-3 Attachment
Step 10	CARO 2020 Clause (v) Reporting	Statutory auditor drafts unmodified or qualified reporting annexure under CARO 2020 Clause (v) regarding compliance with Sections 73 to 76.	CARO 2020 Clause (v)

6. Elevating Secretarial Practice with the AssureOffice Suite

Managing annual Form DPT-3 compliance across hundreds of client companies, tracking 60-day share application money aging, and verifying director loan declarations demands specialized practice management software:

• assurePractice: The definitive secretarial compliance suite. Automatically tracks client Form DPT-3 filing due dates, manages director loan declaration templates, monitors 60-day share allotment aging, pre-validates Form DPT-3 XML/JSON data, and maintains digital corporate deposit registers.
• assureFinancials: Provides automated trial balance grouping, isolates Rule 2(1)(c) exempted receipts from customer advances, generates aging reports for trade advances, and prepares audit-ready schedules for the statutory auditor.
• assureNotice: Organizes corporate legal filings, monitors ROC adjudication notices issued under Section 454 for delayed DPT-3 filings, and structures legal defenses for compounding petitions under Section 441.
• assureTax: Reconciles balance sheet borrowings with Tax Audit Form 3CD (Clause 31 - Acceptance/repayment of loans and deposits under Section 269SS and 269T).

7. Comprehensive Practitioner FAQs on Acceptance of Deposits & Form DPT-3

Q1: Is Form DPT-3 mandatory for a private limited company that has zero deposits?

Yes. Under Rule 16A, every company (other than government companies) must file Form DPT-3 by June 30 every year if it has any outstanding loan or financial receipt that is not considered as a deposit under Rule 2(1)(c) (such as bank loans, director loans, inter-corporate deposits, or trade advances), selecting Radio Button 2.

Q2: Can a company accept an unsecured loan from a relative of a director in a Public Limited Company?

No. Under Rule 2(1)(c)(viii), loans from relatives of directors are exempt ONLY in the case of a Private Limited Company. In a Public Limited Company, loans from relatives of directors are treated as public deposits and are strictly prohibited under Section 73(1).

Q3: What is the last date to file Form DPT-3 with the Registrar of Companies?

Form DPT-3 must be filed on or before June 30 of each year for information as on March 31 of that financial year.

Q4: What happens if share application money is not allotted within 60 days?

If securities are not allotted within 60 days of receipt, the company must refund the money within the next 15 days. If not refunded within 15 days, the amount is deemed to be a deposit on the 75th day, attracting severe penalties under Section 76A.

Q5: Is an auditor's certificate mandatory for filing Form DPT-3 under Radio Button 2?

The e-form does not technically make the auditor's certificate a mandatory attachment for Radio Button 2 (exempted receipts only). However, ICAI and secretarial standards strongly recommend attaching an auditor's certificate to substantiate the figures and prevent ROC scrutiny inquiries.

Q6: Can a private company accept deposits from its members without any ceiling limit?

Yes, provided the private company is a startup recognized by DPIIT (for up to 10 years from incorporation), or is not an associate/subsidiary of any other company, has bank borrowings less than twice its paid-up capital or ₹50 Crore (whichever is lower), and has not defaulted in repayment.

Q7: What is the minimum and maximum period for which a company can accept deposits?

Under Rule 3(1), no company shall accept or renew any deposit repayable on demand or in less than six months or more than thirty-six months. Short-term deposits for up to 10% of capital can be accepted for a minimum period of 3 months to meet temporary financing needs.

Q8: Are advances received from customers for services exempt if not adjusted within 365 days?

No. Advances for services become deemed deposits on the 366th day unless the contract explicitly provides for service delivery spanning beyond 365 days in accordance with normal business practice.

Q9: Can a company accept a deposit from a minor?

Deposits cannot be accepted from a minor in their own name. However, deposits can be accepted in the name of a minor through their lawful natural or legal guardian.

Q10: Is a company required to open a separate bank account for the Deposit Repayment Reserve (DRR)?

Yes. Under Section 73(2)(c), the company must deposit at least 20% of deposits maturing in the following financial year in a dedicated, separate bank account called the "Deposit Repayment Reserve Account" with a scheduled bank on or before April 30.

Q11: Can funds in the DRR account be used to pay operating vendor liabilities?

No. The statute explicitly mandates that the DRR fund shall not be utilized for any purpose other than for the repayment of deposits.

Q12: Does Section 73 apply to a foreign company having a place of business in India?

Foreign companies operating branch offices or project offices in India under RBI permissions are governed by Section 379 to 393 and specific FEMA regulations. However, an Indian subsidiary of a foreign company is an Indian company, fully subject to Section 73 to 76.

Q13: What is the penalty on a director for willfully accepting illegal deposits?

Under Section 76A, the director faces imprisonment up to seven years and a fine between ₹25 Lakhs and ₹2 Crore. If fraud is established, prosecution under Section 447 applies with non-bailable imprisonment up to ten years.

Q14: How are inter-corporate deposits (ICDs) reported in Form DPT-3?

Inter-corporate deposits received from other companies are reported under the specific row for "Any amount received by a company from any other company" (Rule 2(1)(c)(vi)) under Radio Button 2 in Form DPT-3.

Q15: What is the consequence of not filing Form DPT-3 by June 30?

Delayed filing attracts additional e-form filing fees under Section 403. Furthermore, persistent non-filing attracts adjudication penalties under Section 450 (up to ₹10,000 plus ₹1,000 per day for continuing default on the company and officers).

Q16: How does assurePractice assist corporate secretarial teams with Form DPT-3 compliance?

assurePractice automates client ledger categorization, tracks 60-day share application aging, manages director loan declarations, pre-validates Form DPT-3 filings, monitors June 30 statutory deadlines, and generates automated CARO 2020 Clause (v) audit working papers.