Annual Return MGT 7 and MGT 7A

Earlier all the companies incorporate under the Companies Act were required to file annual return in the Form 7. However, as per the amendments made by Ministry of Corporate Affairs (MCA) on 5th March 2021, Small Companies and One Person Companies shall now file their annual return through a new Form no. MGT 7A. Form MGT 7A requires lesser information as compared to MGT 7.

Particulars of Form MGT 7 not applicable to Form 7A : –

ParticularsMGT 7MGT 7A
Date of Annual General MeetingYesNo
Particulars of its Holding, Subsidiary and Associate CompaniesYesNo
Details of unclassified Share CapitalYesNo
Break up of Share CapitalYesNo
Details of Shares and Debentures transferYesNo
Shareholding pattern of the company; and
such other matters as required in the forms
YesNo
Meetings of members or a class thereofYesNo
Board and its various committees along with attendance detailsYesNo
Certification of Company SecretaryYesNo

Due Date for filing MGT 7 & 7A

Form MGT 7/ MGT 7A is required to be filed within 60 days from the date of AGM of the company.

Generally,
AGM – by 30th September following the end of every financial year
Last Date for filing Form MGT 7 & 7A – 29th November every year
Financial Year 2020-2021 (due to Covid-19),
AGM – 30th November 2021
Last Date for filing Form MGT 7 & 7A – 29th January 2022
*additional fees of INR 100 per day after 31-12-2021

Other key changes w.r.t the Annual Return :-

  • Details of indebtedness of the Company is not required to be reported in the Annual Return anymore
  • Every Company shall place a copy of the Annual Return on the website of the company if any and the web link of such annual return shall be disclosed in the Board’s report
  • Further, the extract of the annual return in Form MGT 9, not anymore required to be part of the Board’s Report

Additional Fees

As per MCA Circular no. 17/2021 dated 29th October 2021, no additional fees shall be levied up to 31st December 2021 for filing e-forms AOC 4, MGT 7, MGT 7A, AOC 4 XBRL for the financial year ended March 2021. However, in case of further delay, additional fees shall be if INR 100 per day for the period of delay.

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