Hello Professionals!
What is the meaning of deposits held in the same capacity and same right and deposits held in different capacity and different right?
Whether advance taken from customers by real estate company on which no interest has been paid will be treated as advance or deposit as per the Companies Act, 2013?
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deposits
Whether advance taken from customers by real estate company on which no interest has been paid will be treated as advance or deposit as per the Companies Act, 2013?
Click here to view / answer Share it ondeposits
Whether advance taken from customers by real estate company on which no interest has been paid will be treated as advance or deposit as per the Companies Act, 2013?
Click here to view / answer Share it ondeposits
Dear All,
What is the difference between acceptance of money by Chit Funds and acceptance of deposits?
fund
chit
deposits
acceptance
Dear Friends,
Is Public fund and public deposits same for NBFC
Hello Friends!
Whether declaration by Auditor is mandatory to be submitted in Form DPT-3 ?
deposits
acceptance
Dear Members!
Are deposits in different banks separately insured?
Dear Members,
Amounts received by private companies from their members,
directors or their relatives were not treated as 'deposits' under section
58A of the Companies Act, 1956.
What shall be the status of the amounts received prior to 1st April 2014 as
regards treating them as deposits?
Dear All,
Can a Private Company accept deposits from its members without
complying with the provisions applicable to deposits?
section
complying
without
deposits
acceptance
Hi Members,
Can somebody tell me are loan considered to be deposits if it is taken from Customers. Also confirm can we take loan from customers and not advance payment?
Thank you
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
