DPT 3disclosure

This discussion addresses how to handle unsecured loans received from a friend of a director when filing the DPT-3 form. It clarifies that such loans are not considered exempted deposits and therefore cannot be disclosed under 'transactions not considered as deposit'. The advice given is that private companies cannot accept public deposits, and loans from friends should ideally be personal to the director, not the company's debt. The content also touches upon the implications of unknowingly accepting such payments.