Nil Return - DPT -3

[ankit tater]

Dear Members,

In form DPT-3, the Company is supposed to disclose the amount of deposit or particulars of transaction which are not considered as deposit, which are outstanding as on March 31 of the respective financial year. Now, in the new form DPT-3, the form requires the details of opening and closing balances of such loans.

In case, a company which has loans from directors in the beginning of the year but has repaid the same during the year and has no outstandings as on March 31. Is it required for the Company to file Form DPT-3 ?

Regards,

Ankit Tater

[swathi reddy]

it is better to file as part of good corporate governnace

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