Advertise With Us

    Disclosure of Loan from NBFC where to be shown in DPT-3

    Posted By : damini / Published on : 12-Nov-2019 12:26 PM / View : 1032 / Comment : 1
    Print button
    Dear Friends,

    Good Evening

    Please let me know where the loan taken from NBFC for vehicle, etc is to shown in Form DPT-3. An early reply in this regard
    will be highly appreciated.
    Read more on : shown nbfc loan disclosure

    • Dear Damini


      The loan from NBFC can be disclosed in the column (d) of Form DPT-3 under the sub head of Public Financial Institutions notified by the Central

      As per the General Circular No. 10/2012 issued by MCA:

      The Ministry of Corporate Affairs vide a circular dated 2 June 2011 has prescribed some additional conditions for an institution to be declared as a Public Financial Institution under Section 4A of the Act.

      These additional conditions are produced below from the said circular:

      (a)  A company or corporation should be established under a special Act or the companies Act being Central Act;

      (b)  Main business of the company should be industrial/infrastructural financing;

      (c)  The company must be in existence for at least 3 years and their financial statement should show that their income from industrial/infrastructural financing exceeds 50% of their income;

      (d)  The net-worth of the company should be Rs. one thousand crore;

      (e)  Company is registered as Infrastructure Finance Company (IFC) with RBI or as an Housing Finance Company (HFC) with National Housing Bank;

      (f)   In the case of CPSUs/SPSUs, no restriction shall apply with respect to financing specific sector(s) and net-worth.

      Henceforth, for any financial institution to be declared as a public financial institution, it will have to fulfill these additional conditions, apart from the requirements under the proviso to Section 4A(2) of the Act. These additional conditions inter alia prescribe that a financial institution to be declared as a public financial institution must be having industrial/infrastructural financing as its main business and having a net worth of Rs. 1000 crores.

      Hope it helps!

      Thank You!

      06-07-2022 / 05:37:07 AM

Other Queries from damini
What's New on

Unanswered Queries
Like us on Facebook
Follow Us on Twitter

We are always here to help you. Don’t hesitate to contact us anytime!

+91-9988424211 or