What is the difference between acceptance of money by Chit Funds and acceptance of deposits?
Can all NBFCs accept deposits? Is there any ceiling on acceptance of Public Deposits? What is the rate of interest and period of deposit which NBFCs can accept?
Whether declaration by Auditor is mandatory to be submitted in Form DPT-3 ?
Whelther amount received by company under the collective investment scheme is termed as deposit ?Click here to view / answer Share it on
Can a Private Company accept deposits from its members without
complying with the provisions applicable to deposits?
As per, Companies (Acceptance of Deposits) Amendment Rules, 2019 on 22nd January 2019 to further amend the Companies (Acceptance of Deposits) Rules, 2014:
Following transactions are enlisted in Rule 2(1)(c) which required one time Reporting in DPT-3
Rule 2(1)(c) defines the term ‘deposit’ in an exclusive manner and enlists 19 transactions which are not treated as deposits. Below is the list of the items that are excluded from the term ‘deposit’ subject to the conditions/ exceptions mentioned thereunder-
a. Amount received from central government, state government etc;
b. Amount received from foreign governments/ banks etc;
c. Amount received as loan from banks, banking companies etc;
d. Amount received as loan from Private Finance institutions (PFIs), any regional Financial Institutions or insurance companies or scheduled banks;
e. Amount raised through issuance of commercial paper;
f. Inter- corporate deposits;
g. Amount received as subscription money for securities pending allotment;
h. Amount received from directors/ relative of directors in case of a private company;
i. Amount raised by issue of secured bonds/ debentures;
j. Amount raised through issuance of unsecured listed NCDs;
k. Non-interest bearing security deposit received from employees;
l. Non-interest bearing amount held in trust;
m. Advance from customers;
n. Amount brought by the promoters;
o. Any amount accepted by a Nidhi;
p. Any amount received by way of subscription in respect of a chit;
q. Any amount received by the company under any collective investment scheme;
r. Amount received by start- up company by way of convertible note;
s. Amount received from Alternate Investment Funds (AIFs), venture capital funds (VCFs) real estate investment trusts (REITs) etc.
Here in our case, A company conducted an activity, the merchandise cost for the same was reimbursed by the Ministry of Tourism, Government of India.
As per the Companies Act, 2013 any amount received from the Central or State Government or Statutory authority is an exempted deposit and DPT-3 has to be filed Right ?
1Applicable on All companies (whether Private or Public or OPC etc.) except Government Companies are required to file form DPT-3.
Kindly share your views for the same on above cited Query for filing of DPT-3
A Nidhi Company has accepted share application money on 05.12..2021 but allotment was not made till now. can the company accept deposit from that member on 05.12.2021 or they wait for complete share allotment for deposits acceptance
Can a company accept an unsecured loan from a person registered under the Money Lenders Act of the State. The acceptance of money, payment of interest, tds, repayment
and every thing is through bank.
I have one query related acceptance of donation from parent entity (outside India) to its wholly owned subsidiary company in incorporated in India
kindly provide the prior compliance checklist
and ensure whether Indian entity is allowed to accept that donation or not?
what will be the maximum limit a unlisted publi company can accept from its members 10% or 35%
How does a director resign from the board in a Pvt. Ltd., Company if the Board fails to accepts his resignation ?
Thank you !!!
Is there any concept of 'deemed acceptance of an offer' proposed to the equity shareholders for exit option in case of compulsory delisted by BSE?
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