Contents
MGT-7 is an electronic form or e-form provided by the Ministry of Corporate Affairs (MCA) for companies to file their Annual Return. Companies have to file their Annual Return within 60 days after the Annual General Meeting (AGM). Generally, this meeting is due on the 30th of September following a particular Financial Year. Thus, barring exceptions, MGT 7 is due on 29th November every year.
Read: Income Tax Return and Audit Report Due Dates Extended
All companies registered in India, whether Public or Private have to file their annual returns via this e-form.
The format of the e-form can be viewed here: e-form MGT 7
Also Read: AOC-4 Format, Due Date, Eligibility Rules
As the Financial Year draws to a close, filing the annual return means that the company has to furnish a wide list of particulars pertaining to the company, these include
Hence, it would be very beneficial to the company if they had all these details ready and along with this a copy of Audited Financial Statement of the company would also help sort out MGT 7 formalities swiftly
For each day of default of not filing the Annual return e-form, a company will incur a penalty of Rs 100 . This penalty was raised by the government in 2018, and hence it is a must for companies to ensure timely filing of this annual return.
Here’s a list of documents that should be filed along with the particulars required in the form. These can be filed under the attachments section.
The e-form MGT-7 for Small Company as well as One Person Company (OPC) should be digitally signed with a class 2 Digital Signature or Company Secretary(CS) in practice.
At LegalRaasta we understand running a company as well as keeping up with compliances at the same time can be a challenging task that’s why we simplify compliance for you. We provide a wide range of CA/CS services including ROC compliances like MGT-7 filing. In addition, we provide services for corporates like Company Registration, GST Return, Trademark Search as well as Trademark Registration. Call us with your requirements at +91-8750008585 or drop an e-mail at contact@legalraasta.com.