MGT 7 is an electronic form that is allocated to all the companies by the Ministry of Corporate Affairs for filing details of their annual return. The Registrar of Companies uses to maintain this e-form via electronic mode and on the basis of the statement of correctness given by the company.
Is MGT 7 mandatory for all companies?
All companies, whether public or private which are registered in India must file the Form MGT-7 every year.
One person company (OPC) introduced in the Finance Act 2021 are also mandatorily required to file the annual return in Form MGT-7.
A company files the Form MGT-7 for its annual return.
What is the due date of MGT 7 filing ?
Form MGT-7 is to be filed within 60 days from the date of Annual General Meeting of the company.
The due date for regulating annual general meeting is on or before the 30th day of September following the close of every financial year.
Therefore, the last date for filing form MGT-7 is generally 29th of November (60 days From 30th September) every year.
What are the consequences of non-filing the Form MGT 7 ?
he penalty for not filing an annual return 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.
Who can sign annual Return?
Under section 92 of the Companies Act 2013, the Annual return(form MGT -7) is required to be signed both by the Director and the Company Secretary, in case there is no Company Secretary Practicing Company Secretary can sign
Attachments to File MGT 7 Form?
List of investors, debenture holders
Approval letter for augmentation of AGM
MGT-8 copy if applicable
Optional Attachment(s), if any
MGT 7 (MCA) Form Filing Fees
Nominal Share Capital
Normal Fee Applicable in Rupees
Less than 1,00,000
INR 200
1,00,000 to 4,99,999
INR 300
5,00,000 to 24,99,999
INR 400
25,00,000 to 99,99,999
INR 500
1,00,00,000 or more
INR 600
MGT 7 (MCA) Form Delayed Filing Fees
Period of Delays
Fees
Up to 30 days
2 times of normal fees
More than 30 days and up to 60 days
4 times of normal fees
More than 60 days and up to 90 days
6 times of normal fees
More than 90 days and up to 180 days
10 times of normal fees
More than 180 days and up to 270 days
12 times of normal fees
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