Annual Return of Loans & Receipts Mandated by MCA

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Ministry of Corporate Affairs has decided to make disclosure guidelines more strict and rigid. According to the mandate, every company other than Government companies need to submit a one time return covering from April 1, 2014, to January 22, 2019, on all outstanding receipts of money or loans taken, which are otherwise not considered deposits.

About The Rule

The Central Government in consultation with the Reserve Bank of India have set these rules and will be called the Companies (Acceptance of Deposits) Amendment Rules, 2019. The rules have come into force on January 22, 2019, the day it was published in the Official Gazette of India. Form DPT – 3 will be used for filing return of outstanding receipts of money or loans​ that were taken, which are otherwise not considered deposits. The return needs to be filed within ninety days from the day it has come to force along with fee as mentioned in the Companies (Registration Offices and Fees) Rules, 2014. In the Companies (Acceptance of Deposits) Rules, 2014  after the words “Infrastructure Investment Trusts,” the words “Real Estate Investment Trusts” shall be inserted.

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Important Links

  1. 1.1 Million Companies To Submit Loans & Receipts to ROC
  2. Companies (Acceptance of Deposits) Amendment Rules, 2019
  3. MCA turns up the heat on India Inc; seeks an annual return on loans, other receipts
  4. Form DPT – 3
  5. Companies (Registration Offices and Fees) Rules, 2014
  6. FAQs on MCA Mandate to File Receipts and Deposits

 

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