Template Description

The CA Certificate for Filing Return of Outstanding Loan in Form DPT-3 is a professionally drafted 3-page MS Word document designed to assist companies in complying with Rule 16 of The Companies (Acceptance of Deposits) Rules, 2014. It certifies the outstanding money or loan receipts that are classified as either deposits or non-deposits as per the regulatory provisions. This template is specifically Intended for companies, chartered accountants, and compliance professionals

This certification serves as evidence of the company’s financial compliance and provides a detailed breakdown of loans, deposits, and outstanding amounts. It ensures accuracy, transparency, and adherence to the rules, making it a vital document for regulatory audits and submissions

Understanding the CA Certificate

Terminologies:

• Form DPT-3: An annual return form filed by companies to report details of money or loans received that are not considered deposits under The Companies (Acceptance of Deposits) Rules, 2014.
• Outstanding Loan: Loans or financial assistance that remain unpaid as of the reporting date.

Procedure for Utilizing the Certification:

Assessment of Net Worth:

• Calculate the company’s net worth based on the latest audited balance sheet preceding the filing date.
• Include details such as paid-up share capital, free reserves, and deductions like accumulated losses and intangible assets.

Classification of Receipts:

• Distinguish between receipts classified as deposits and those that are exempted under Rule 2(1)(c).
• Document the opening balance, additions, repayments, and closing balance for all loans or deposits.

Filling Details:

• Populate the company’s basic information, such as name, registered address, and CIN.
• Provide detailed information about the nature of receipts, their sources, and outstanding amounts as of the reporting date.

Certification by Chartered Accountant:

• Include the CA’s name, membership number, firm registration number, and unique document identification number (UDIN).
• Ensure the certificate is signed and dated by the authorized partner of the CA firm.

Startup-Specific Provisions (If applicable):

• Highlight if the company qualifies as a start-up, including the details of its recognition certificate and exemption eligibility.
• Mention that the start-up is exempt from deposit limits for up to ten years from its incorporation date, as per the relevant rules.

Submission to ROC:

• Use this certificate as supporting documentation while filing Form DPT-3 with the Registrar of Companies.
• Maintain copies for internal records and audit purposes.

Conclusion

The CA Certificate for Filing Return of Outstanding Loan in Form DPT-3 is an essential document that ensures compliance with The Companies (Acceptance of Deposits) Rules, 2014. By systematically detailing the outstanding loans, deposits, and exempted receipts, this certification provides clarity and transparency in the company’s financial reporting. Designed for ease of use, the template helps chartered accountants and compliance professionals document and certify the financial position of the company accurately. It is particularly valuable for start-ups leveraging exemptions under the deposit rules, ensuring they meet their compliance obligations efficiently.

By using this template, companies can streamline the regulatory filing process, demonstrate adherence to statutory requirements, and maintain credibility with stakeholders and regulatory bodies. Its comprehensive structure ensures all relevant details are captured, making it a reliable tool for managing financial compliance effectively.