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    DPT-3 Calculation of Net worth of newly incorporated company

    Posted By : Trust / Published on : 26-Jul-2019 01:02 PM / View : 3111 / Comment : 1

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    Respected Members,

    I need a clarification in respect of the calculation of the net worth for the newly incorporated Company.

    There is a company which is incorporated in the 2018 and whose balance sheet is not so audited. Do we calculate the net worth on the basis of un-audited Balance sheet and file the form DPT-3. Do we need to seek clarifications/ justifications from the statutory auditors in the same respect.

    Please provide the clarification.
    Read more on : company incorporated newly worth calculation

    • As per the Companies Act, 2013 and the Rules made thereunder, the net worth for the purpose of filing DPT-3 is to be calculated as per the latest audited financial statements of the company. Therefore, if the company's latest audited financial statements are for the financial year ending 31st March 2022 and the company was incorporated in the same year, then the net worth as on that date can be considered for filing DPT-3.

      However, if the company's audited financial statements are not available for any reason, then the net worth can be calculated on the basis of unaudited financial statements, subject to obtaining necessary justifications and clarifications from the company's management and its auditors. It is advisable to seek guidance from a qualified professional in such cases to ensure compliance with applicable laws and regulations.

      10-04-2023 / 11:55:37 AM
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