My understanding is that no auditors' certificate is required for one-time return in DPT-3 (for reporting receipts which are not considered as deposits). Please share your views.
10 Replies
SHRIRAM PRASAD
(79 Points)
Replied 07 May 2019
One of my Friend who is Practicing company Secretary filed DPT-3. The form was resubmitted was not attaching Auditor certificate. Hence this is mandatory. Opinion from Big 4 are also requesting to attach Auditor certificate.
NISHA AGARWAL
(Chartered Accountant)
(454 Points)
Replied 06 June 2019
Is auditor certificate mandatory for nil return as well?
SHRIRAM PRASAD
(79 Points)
Replied 06 June 2019
update, auditor certificate is not mandatory for one time return and particulars of transaction not considered as deposit as per rule 2(1) (c). mca updated this in dpt 3 helpkit
NISHA AGARWAL
(Chartered Accountant)
(454 Points)
Replied 06 June 2019
| Originally posted by : SHRIRAM PRASAD | ||
 |
update, auditor certificate is not mandatory for one time return and particulars of transaction not considered as deposit as per rule 2(1) (c). mca updated this in dpt 3 helpkit |  |
Thanks for the update.
A company has obtained certain secured loan and unsecured loan after 01.04.2014. Whether it has to file Form DPT-3 twice? (Once by selecting option 1, and the other selecting option 3)
SHRIRAM PRASAD
(79 Points)
Replied 07 June 2019
For all companies, DPT-3 has to be filed twice. One time return and regular return. It is compulsory.
https://www.youtube.com/watch?v=2D-fCQjRn6A watch this webcast by ICSI for more information on DPT -3
NISHA AGARWAL
(Chartered Accountant)
(454 Points)
Replied 07 June 2019
| Originally posted by : SHRIRAM PRASAD | ||
|
For all companies, DPT-3 has to be filed twice. One time return and regular return. It is compulsory. https://www.youtube.com/watch?v=2D-fCQjRn6A watch this webcast by ICSI for more information on DPT -3 |
|
Thank u so much..
Geetha Gupta
(Accountant)
(325 Points)
Replied 08 June 2019
Dear all,
1. Company's overdraft facility has been secured by personal FDRs of director and relative of director. Should this information be a part of DPT-3? if so, how is it to be reported?
2. Does the company need to pass a resolution to appoint auditor for this certificate? If so, can someone give the format of the resolution.
Thanks in advance,
Regards
SHRIRAM PRASAD
(79 Points)
Replied 18 June 2019
For the second question, this certificate should come from statutory auditor only. So you should have already have statutory auditor.
Geetha Gupta
(Accountant)
(325 Points)
Replied 20 June 2019
Shriram Ji,
Yes, i understand, the statutory auditor will sign the certificate.
But the format of the certificate with starts with :
"This certificate is issued in accordance with the terms of our engagement letter dated _______ " and is addressed to the Board of Directors.
That's why i thought maybe there is a resolution for this - to formalise the engagement of the auditor for this purpose.
Please clarify.
Regards and Thanks,
Geetha
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