New Deposit Disclosure Requirement in AOC-4: Avoid DPT 3 Mismatch Error

When filling out Form AOC-4 along with the e-Director’s Report, the Ministry of Corporate Affairs (MCA) inserted an additional column requiring companies to disclose details of “Deposits accepted or renewed during the reporting period.” This column is intended to promote greater transparency and consistency across various statutory filings, in particular between AOC-4 and Form DPT-3.

However, companies need to be careful when entering data in this column, as a validation has been implemented. If the amount entered for AOC-4 is different from the amount provided in Form DPT-3, you will receive an error message advising, “The amount does not match the amount entered in Form DPT-3.” This mismatch will stop the filing process, and it will need to be resolved prior to the filing submission.

This usually happens when companies fail to carefully check the amount of deposits accepted or renewed in the financial year between the two filings, so please ensure that there are no mistakes made or different classifications in both forms, and only deposits accepted or renewed during the reporting period should appear in both filings.

This validation is now compulsory on the MCA portal, for which we recommend companies and professionals perform any reconciliation internally first before filing forms AOC-4 and DPT-3. Any mismatch may hold you back from completing your filing on time or breach compliance if necessary fines are applied.