Dear Members,
The Private Limited Company, as on 31st March, 2020 has made a few transactions from foreign banks, but those are not loans but payments on the services (as against the invoices raised).
As per the above stated transaction, is it mandatory for the Company to file the e-form DPT-3 under the radio button "Particulars of transactions by a company not considered as deposit as per Rule 2(1)(c) Companies (Acceptance of Deposits Rules), 2014.
In the Rule 2(1)(c) Companies (Acceptance of Deposits Rules), 2014, the line starts as "Any Amount Received From.....", the rule is silent on the services. Kindly guide me through this.
Further, this is to confirm that the private limited company is not a subsidiary company of any foreign company, it is just they have given services and raised invoices for the same and made the transactions with the foreign banks.
Kindly address this query at the earliest.