All About filing the Form MGT 7
All About filing the Form MGT 7
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What is Form MGT 7?
- Form MGT-7 must be filed by all companies registered in India every year.
- It is an electronic form provided by the Ministry of Affairs to all the corporations in order to fill their annual return details
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Due date of filing the Form MGT 7
- The due date for filing MGT-7 is 60 days from the date of Annual General Meeting.
- The due date for conducting annual general meeting is on or before the 30th September following the end of a financial year.
- Hence, the due date for filing form MGT-7 is normally the 29th of November.
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Penalty for not filing the MGT 7
- The penalty for not filing the annual report has been remarkably increased in 2018 to Rs. 100 (Rupees Hundred) per day of default.
- Hence, it should be ensured that the annual return in this form is filed before the due date.
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From where the form can be downloaded?
- The Form MGT 7 can be downloaded from the MCA portal from Annual E-filing category.
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Particulars to be filled in the Form MGT 7
- Following particulars of details will have to be filled in:
- The registered office, principal business activities, particulars of its holding, subsidiary and associate companies;
- The shares, debentures and other securities and shareholding pattern of the company;
- Indebtedness of the company;
- The members and debenture-holders along with alterations connected to them since the end of the previous financial year;
- The promoters, directors, key managerial personnel along with alterations connected to them since the close of the previous financial year;
- Meetings of members or a class thereof, Board and its various committees along with attendance details;
- Remuneration of directors and key managerial personnel;
- Penalty or punishment imposed on the company, its directors or officers and details of compounding of offences and appeals made against such penalty or punishment;
- The matters relating to certification of compliances and disclosures as may be prescribed;
- Its Shareholding pattern; and
- Such other matters as required in the form.
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Attachments to be enclosed with the Form MGT 7
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With the Form MGT 7, following documents would be needed to be attached:
- List of shareholders, debenture holders
- Approval letter for extension of AGM;
- Copy of MGT-8;
- Optional Attachment(s), if any
- It is mandatory for all the companies including Private Limited Companies, One Person Companies to file an Annual report in the form MGT 7 And AOC 4. Failing at which might cause you the penalty as per the provisions.
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