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Private companies can accept deposits from its members to the extent of 100% of its paid up capital and free reserves without complying with the conditions as stated in section 73(2) (a) to (e). However, it is pertinent to note that as these amounts received would be deposits and such company would have to: • Comply with the terms and conditions of Companies (Acceptance of Deposit) Rules 2014; and • File the details of monies so accepted to the Registrar in Form DPT 3 duly certified by its statutory auditor.
BUT MAM CLAUSE (a) to (e) is not applicable to private company as per recent amendment so no need to file dpt3 kindly guide me if i am wrong
Rahul can you please share the recent amendments where it has been asked that private companies are exempted to file DPT-3
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