CL Update 32: Format of auditor's certificate for DPT 4(Revised format)

CL Update 32: Format of auditor certificate for DPT 4

Under Rule 20 of the Companies (Acceptance of Deposits Rules, 2014)

Certified that the Statement of Deposit in Form DPT 4 annexed herewith of ------------LIMITED as on 1.4.2014 has been verified and in our opinion and to the best of our information and according to the explanation given to us the said Statement is correct and give the information in accordance with the provisions of clause (a) of sub-section (1) of section 74 of Companies Act ,2013

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CHARTERED ACCOUNTANTS

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CL Update32: 3 REASONS:WHY DPT3 IS NOT REQUIRED TO BE FILED FOR FY 2013-14?:BY CA NITESH MORE

1) Kindly note that DPT3 is return of deposit & should be filed for

f.y. 13-14 by taking the definition of deposit & provisions as per Co

Act, 1956 as it is relating to  f.y. 13-14.

2) As there is no requirement of filling DPT3 under Old Act to MCA, no

DPT3 will be filled to MCA.

3) Kindly also refer to the language used in  General Circular 08/2014

relating to applicability of Companies Act, 2013 for provisions
relating to financial statements (and documents required to be

attached thereto),auditors report and Board report, which is

reproduced below:

"Although the position in this behalf is quite clear, to make things

absolutely clear it is hereby notified that the financial statements
(and documents required to be attached thereto), auditors report and

Board report in respect of financial years that commenced earlier than

1st

April, 2014 shall be governed by the relevant provisions/ Schedules/

rules of the Companies Act, 1956 and that in respect of financial

years commencing on or after 1 April, 2014, the provisions of the new

Act shall apply".Hence Boards Report, Auditors Report etc for the FY

2013-14, which will be made in year 2014-15, shall be made as per Co
Act 1956

"

.

In similar line, "Return of Deposits" for the FY 2013-14 is to be

filed as per Companies Act, 1956.

CA Nitesh More