Regarding DPT 3

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This discussion clarifies whether funds received from a promoter (a private limited company) should be considered deposits requiring DPT 3 filing. The consensus is that such loans fall under the definition of exempted deposits as per Rule 12(1)(c)(xiii)(b) of the Companies Act 2013, specifically relating to loans from promoters or their relatives. Therefore, a DPT 3 return must be filed under the 'exempted deposit' category.

Kowsalya

Kowsalya (Querist)

06 July 2023 Can the amount received from promotor( A Private limited Company) be considered as deposits? will it come under the definition of depositors?

Thanks in Advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

06 July 2023 Yes, DPT 3 has to be filed in such a case.

Jatin Bajaj

Jatin Bajaj (Expert)

13 July 2023 Yes, it would fall under the defination of the exempted deposit mentioned under Rule 12 (1)(c)(xiii)(b) of the Companies Act 2013 which states that loan is provided by the promoter or their relatives. Return of DPT 3 shall be filled under the head exempted deposit

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