The Ministry of Corporate Affairs has announced that it will notify the Forms of DPT-3 and MSME-1 shortly.

The Companies (Acceptance of Deposits) Rules 2014

APPLICABILITY

According to the notification issued by the Ministry of Corporate Affairs every Private/Public/OPC Companies who accept the loan or have any outstanding loan will have to file the form DPT-3. The form shall in all likelihood be available to download in the MCA website from 1^st May 2019.

All the outstanding receipt of money or loan from the period of 1st April 2014 to 22nd January 2019 will be covered under this electronic Form DPT-3.

DUE DATES OF FILING DPT-3

30^th May 2019

The Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019.

APPLICABILITY

According to the notification issued by the Ministry of Corporate Affairs every company which has received Goods and/or services from a Micro or Small Enterprise and has not paid the amount to such Micro and Small Enterprise for more than 45 days from the date of acceptance of such Goods and/or services, shall be liable to file the disclosure in FORM MSME1.

DUE DATES OF FILING MSME FORM 1

The form will be available from 1^st May 2019 in the site. However, the Ministry has stated that the last date for filing Initial Return in form MSME 1 is 30 days from the date the said e-form is deployed on MCA 21 portal i.e from 1^st May 2019.

There after every company needs to file MSME Form 1 as a half-yearly return, the due dates are:-

For the period of April to September- file before 31st October 

For the period of October to March- file before 30th April    

Additional Fees/ Penalty-

Though as of now the Penalty isn’t been notified but it is assumed to be u/s 450 of Companies Act, 2013 where the Authorities has the discretion to impose the following penalty-

Penalty on	One Time Fine	Continue penalty from 31st Day of non-filing
Company	Rs. 10,000/-	Rs. 1,000/- Every Day
Officer in Default (KMP, Directors)	Rs. 10,000/-	Rs. 1,000/- Every Day

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