Query on dtp 4

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Ours is a pvt Ltd. Co. taken loan from shareholders which were accepted under Companies Act, 1956, now according to the provisions of the companies act 2013 if there are deposits which are outstanding before the commencement of this act, form DPT - 4 will be required to be filled.

Whether under Companies Act, 2013 loan taken from shareholder before 31st March, 2014 will be now treated as deposit under CA, 2013 and do we need to file DPT -4.


 
Replies (1)
Hi Juhi, You check the provisions of sec 74(1) wherein with respect to deposits existing before CA 2013 a return is to be filed with the ROC in DPT 4 and the said deposits are to be refunded within 1 year from commencement of the section.... Since as per the deposits rules, loans from shareholders are treated as deposits, you need to follow the provisions of the above section.... Regards

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