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My Company Having unsecured Loans on 31.03.2014 by its share holder & not filled DPT 4 with ROC Now can i file the DPT 4

Section 74- Repayment of deposits, etc., accepted before commencement of this Act.

Posted By: Rajesh chopra 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    s.m.a.millath

If it is a PVT company , deposit from shareholder did not fall under 'deposits' as per provision of 1956 Act. You may repay the deposit as per the terms of receipt and not renew the same.

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Expert    Ankit Singhi

As per General Circular No. 05/205 dated 30.03.2015, Any amount received prior to April 1, 2014 by private company shall not be treated as profit. Thus, no need to file DPT-4

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