Dpt-4 . acceptance of deposits.

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CA. SANDEEP SHARMA (Querist)
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20 June 2014 3) This query is regarding acceptance of Deposits.
The AB PRIVATE LIMITED company is having two directors MR. A &B. They are also member of this company. Following is the position of unsecured loan of the company as on 31.03.2014

• Mr. A 10 Lakh

• Mr. B 10 Lakh

• Xyz P Ltd 15 Lakh (unrelated party, no relation with any directors, Members, relative etc.)

• M/s C 20 Lakh (c is relative of director and is a proprietorships Concern)

• Secured loan from Cholamandalam finance, TVS finance ltd.
As per section 74 read with rule 20 of Acceptance of deposits rule 2013, in respect of any deposits accepted by the company before 1.04.2014 the company has to file DPT-4 by 30.06.2014. The repayment to xyx p Ltd and M/s C has already been made in month of May. Now the query is:-

a) Which among the above five loans are to be reported in DPT-4 ?
b) What is the format of Auditors certificate. Please share the same.
c) Any other issue which u feel are necessary , please share the same

Thanks in advance. We will be highly indebted for the act of kindness.
CA Sandeep Sharma
9811307245

CA. Amit G. Chandani

CA. Amit G. Chandani (Expert)
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21 June 2014 Only loan from M/S C will be reported in DPT-4. Same need to be repaid before before 31.03.15. Explanation to Rule 19 will not be applicable since it was not a deposit under 1975 Rules or accepted under Companies Act, 1956.
No format of Auditor certificate is prescribed. Refer ICAI guidance note for same.

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