On 24th June 2019, the Ministry of Corporate Affairs vide its letter no File No: P-01/08/2013- CL-V Vol. VI has made clarification with regard to Auditor Certificate on return of deposits pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014.
The Ministry of Corporate Affairs in its letter addressed to Institute of Chartered Accountant of India has made following clarifications:
- Auditor Certificate is mandatory only for return of deposits.
- For Filing Particulars of Transactions which are not to be considered as deposits, information shall be provided with respect to amount outstanding as on 31st March 2019, which is not mandatory to be provided from the Audited Balance Sheet
- The Amount provided for Return of Deposits shall be as per duly Audited Balance Sheet.
The Institute of Chartered Accountant of India has provided a illustrative Auditor Certificate for return of deposits that is to be issued by the Auditors for attaching it along with E-Form DPT-3 by the Companies.
Click here to see illustrative Auditor Certificate.
Click here to see previous post.
