+91 7305 345 345Form MGT-7 Filing
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Form MGT-7/ MGT-7A is filed annually by companies to report their annual return to the Registrar of Companies (ROC) as per MCA norms. While MGT-7 is applicable to regular companies, MGT-7A is designed explicitly for OPCs and small companies. Timely filing ensures legal compliance and avoids penalties. Get expert help to file accurately and meet all ROC requirements.
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Form MGT-7/7A Filing Online
Every company registered in India, whether private or public, must comply with specific statutory requirements under the Companies Act, 2013. One of the essential annual compliance requirements is the filing of Form MGT-7/7A the annual return of a Company. This form provides detailed information about the company’s registered office, principal business activities, shareholding pattern, details of directors and key managerial personnel, and other important disclosures as of the financial year-end.
Form MGT-7 must be filed by every company, except One Person Companies (OPCs), and small companies within 60 days of holding the Annual General Meeting (AGM). It ensures transparency, corporate accountability, and proper governance by keeping the Registrar of Companies (ROC) informed about the company’s structure and any changes that occur.
What is Form MGT-7?
Form MGT-7 is the annual return form that every company registered in India must file under Section 92 of the Companies Act, 2013. This form provides a summary of the structure of the company at the end of a financial year, including:
- Registered office details
- Principal business activities
- Shareholding pattern
- Changes in members and directors
- Indebtedness and loans
- Details of meetings held
- Remuneration paid to directors and KMPs
Applicability of Form MGT-7
All companies incorporated under the Companies Act, 2013, or any previous company law, including:
- Private Limited Companies
- Public Limited Companies
- Section 8 Companies
- Producer Companies
- Nidhi Companies
However, from the financial year 2020-21 onwards, One Person Companies (OPCs) and Small Companies are required to file their annual return using Form MGT-7A, a simplified version of Form MGT-7.
Due Date for Filing Form MGT-7
The timeline for filing Form MGT-7 is as follows:
- Annual General Meeting (AGM): Companies are mandated to hold their AGM within six months from the end of the financial year, i.e., by 30th September.
- Filing Deadline: Form MGT-7 must be filed within 60 days from the date of the AGM.
For instance, for the financial year ending on 31st March 2025:
- AGM Date: On or before 30th September 2025
- MGT-7 Filing Due Date: Within 60 days from the AGM date by 29.11.2025.
What is Form MGT-7A?
Form MGT-7A is an abridged version of Form MGT-7, under the Companies (Management and Administration) Amendment Rules, 2021, by the Ministry of Corporate Affairs. The form is designed specifically for small companies and One Person Companies (OPCs) to file their annual return with the Registrar of Companies (ROC) under Section 92 of the Companies Act, 2013.
Form MGT-7A is applicable only to the following categories of companies:
- Small Companies, as defined under Section 2(85) of the Companies Act, 2013
- One Person Companies (OPCs)
All other companies, such as private limited companies (not qualifying as small companies), public limited companies, and others, must continue to file Form MGT-7.
Small Companies and One Person Companies
|
Particulars |
Small Company |
One Person Company (OPC) |
|
Type of Company |
Private Company (not being a holding or subsidiary company, Section 8 company, etc.) |
A company with only one person as its member and shareholder |
|
Paid-up Capital Limit |
Does not exceed ₹4 crores |
No specific limit prescribed |
|
Turnover Limit |
Does not exceed ₹40 crores (as per the last profit and loss account) |
No specific limit prescribed |
|
Number of Members |
Minimum: 2, Maximum: 200 (as per private company rules) |
Only 1 member allowed |
|
Number of Directors |
Minimum: 2 |
Minimum: 1 |
|
AGM Requirement |
AGM is applicable |
AGM is not required |
Due Date for Filing Form MGT-7A
The due date for filing Form MGT-7A is the same as that of Form MGT-7, which is: within 60 days from the date of the Annual General Meeting (AGM). However, since one-person companies and small companies are not required to hold an AGM, the due date for filing Form MGT-7A is calculated as:
Within 60 days from the date on which the AGM would have been held (i.e., 30th September of the financial year following the closing of accounts)
Importance of Timely Filing
Timely filing of MGT-7 or MGT-7A has a lot of benefits, such as:
- Ensuring Legal Compliance: Section 92(4) mandates the filing of the annual return within 60 days of the AGM. Delay constitutes a statutory offence.
- Transparency to Stakeholders: Investors, financial institutions, and regulators depend on annual return data for decision-making.
- Avoiding Penalty: A fine of ₹100 per day, along with potential prosecution of directors or key officers.
- Essential for Statutory Audit and Due Diligence: The annual return is an important document reviewed during audits, mergers, acquisitions, and investment due diligence.
- Maintaining Corporate Governance: Filing the MGT-7/7A form shows the operational discipline, which is particularly important during funding rounds, audits, or IPO preparation.
- Assists in Litigation: MGT-7 /7A serves as substantial evidence of company information and may be relied upon during legal proceedings or shareholder disputes.
Difference Between Form MGT-7 and Form MGT-7A
|
Particulars |
Form MGT-7 |
Form MGT-7A |
|
Applicable To |
All companies except OPCs and small companies |
Only One Person Companies (OPCs) and Small Companies |
|
Nature of Form |
Detailed and comprehensive |
Simplified and abridged version |
|
Shareholding Pattern |
Must be fully disclosed |
Only basic information to be furnished |
|
Attachment Requirements |
MGT-8 (if applicable), Shareholder lists, Board resolution, etc. |
Usually fewer attachments |
|
Certification Requirement |
Certification by a Practicing Company Secretary is required for certain companies. |
Certification by a Practicing Company Secretary is not required for most OPCs and small companies. |
|
Filing Objective |
Detailed disclosure and ROC reporting compliance |
Regulatory ease for small-scale entities |
Contents of Form MGT-7
Form MGT-7 encompasses a wide array of information, including:
1. Registration and Other Details
- Corporate Identity Number (CIN) and registration date.
- Company classification, whether Public or Private.
- Sub-category of the company: Government company, small company, One Person Company (OPC), etc.
- Listing status: Whether shares are listed on recognized stock exchanges.
- Annual General Meeting (AGM) details, including the dates on which it was held and the reasons for not holding (if any)
- Registered office address and contact information.
- Registrar and Transfer Agent (RTA) details, if applicable.
2. Principal Business Activities
- Main business activities contributing 10% or more to total turnover.
- NIC codes corresponding to each activity.
- Particulars of Holding, Subsidiary, and Associate Companies, including Names, CIN/GLN, nature of relationship (holding, subsidiary, associate), percentage of shares held, and applicable legal provisions.
3. Share Capital, Debentures, and Other Securities
- Authorized, issued, subscribed, and paid-up share capital: Breakdowns by class of shares (equity, preference).
- Changes in Share Capital during the year
- Debentures and other securities, including the details of issuances, redemptions, and outstanding amounts.
- Chronological listing of all share or debenture transfers, including details like transferor/transferee, date of registration, type/class of securities, and quantity.
4. Indebtedness: Break-up of secured and unsecured loans and deposits outstanding at the end of the financial year, and any changes therein.
5. Turnover and Net Worth: Total turnover and net worth of the company as per the financial statements.
6. Shareholding Pattern including categories of shareholders (promoters, public, institutional), number of shares held, percentage holding, and changes during the year.
7. List of Directors and Key Managerial Personnel (KMP) and their DIN/PAN, designations, dates of appointment or cessation, and remuneration details.
8. Meetings of Members/Board/Committees, including Dates, types (AGM, Board, Committee), number of meetings held, and attendance records.
9. Remuneration of Directors and KMPs, including salaries, commissions, bonuses, and other perquisites paid to directors and KMPs.
10. Compliance certification to show whether the company has complied with applicable laws and regulations, certified by a practicing company secretary if required.
11. Details of penalties or punishments imposed on the company, directors, or officers, including compounding of offences and appeals made.
12. Certification signed by a director and the company secretary or a practicing company secretary (If applicable), affirming the accuracy and completeness of the information provided.
Step-by-Step Procedure for Form MGT-7/7A Filing Online
- Visit the Ministry of Corporate Affairs (MCA)
- Download the latest version of Form MGT-7/7A
- Enter all required details.
- Attach the necessary documents in the prescribed format.
- Ensure the form size does not exceed the allowed dimensions.
- Affix the Digital Signature Certificate (DSC) of a director and a Company Secretary (if applicable).
- Upload the form on the MCA portal.
- Pay the required filing fees based on the company's share capital.
- Upon successful submission, an acknowledgment with a Service Request Number (SRN) will be generated.
Penalties for Non-Compliance
Failure to file Form MGT-7 within the stipulated time attracts penalties:
- Late Filing Fee: ₹100 per day of default. For up to 30 days, the penalty shall be 2 times the standard fee.
- Penal Provisions: The company and its officers may be liable to penalties under Section 92(5) of the Companies Act, 2013.
Certification by Company Secretary (Form MGT-8)
Form MGT-8 is a certification form issued by a Practicing Company Secretary (PCS) confirming that the annual return in Form MGT-7 has been prepared in accordance with the provisions of the Companies Act, 2013, and applicable rules.
Companies Required to File MGT-8
As per Rule 11(2) of the Companies (Management and Administration) Rules, 2014, the following companies must obtain and file MGT-8 along with MGT-7:
- All Listed Companies
- Companies having paid-up share capital of ₹10 crore or more
- Companies having a turnover of ₹50 crore or more
Contents of MGT-8
The PCS certifies that:
- The return is free from misstatements or fraud
- All necessary registers and records are maintained
- The company has complied with applicable secretarial standards and provisions of law
- Disclosures regarding shareholding, board constitution, meetings, remuneration, and filings are accurate
Common Mistakes to Avoid While Filing Form MGT-7
- Missing the filing deadline of 60 days after the AGM.
- Using incorrect or outdated shareholding data.
- Not updating the director or key managerial personnel details.
- Uploading mismatched or unauthenticated financial figures.
- Submitting the form without a valid digital signature (DSC).
- Forgetting to attach the necessary documents and annexures.
- Using MGT-7 instead of MGT-7A for small companies or OPCs.
- Make sure the form size does not exceed the allowed size.
- Filing with typographical errors in CIN or PAN details.
- Leaving mandatory fields blank or incomplete.
- Entering incorrect financial year dates.
- Using outdated forms or not downloading the latest version.
- Not cross-verifying data with filed financial statements.
- Uploading the wrong format or corrupted attachments.
- Failing to mention company indebtedness or loan details.
- Submitting without checking the MCA portal validation errors.
- Not retaining proof of filing and acknowledgment for records.
Why Choose Kanakkupillai for MGT-7 Filing?
Filing Form MGT-7 is a crucial statutory obligation for companies in India. Kanakkupillai ensures your filing is accurate, timely, and fully compliant with the Companies Act, 2013. We provide:
- Complete Filing Support: We manage the entire filing process, from gathering necessary data and documents to submitting them to the Ministry of Corporate Affairs (MCA).
- Expert Compliance Team: Our team comprises qualified professionals who understand the nuances of ROC filings and provide guidance to ensure full compliance with legal requirements.
- Timely Submission Guarantee: We track your company’s due dates and ensure that the annual return is filed on time to avoid late fees and penalties.
- Affordable and Transparent Pricing: Cost-effective pricing with no hidden charges!
- Confidentiality and Data Protection: Your data is handled with the highest level of care and secured using best-in-class data protection protocols.
- Dedicated Advisor and Prompt Support: You receive a dedicated compliance team that keeps you informed throughout the process and is available to answer any questions promptly.
- Trusted by 25,000+ Clients: Our services are trusted by thousands of businesses across sectors for accurate, timely, and professional compliance support.
Frequently Asked Questions
What is the purpose of filing Form MGT-7?
Form MGT-7 serves as an annual return, providing a snapshot of a company’s key details, including shareholding, directors, indebtedness, and meeting records. It ensures transparency and compliance with the Companies Act, helping stakeholders, regulators, and investors access accurate corporate data.Which companies are required to file Form MGT-7?
All companies incorporated under the Companies Act, 2013 have to file Form MGT-7, except One Person Companies (OPCs) and Small Companies, which file the simplified Form MGT-7A. This includes private, public, Section 8, producer, and Nidhi companies.What are the consequences of late filing or non-filing of Form MGT-7?
Late filing attracts a penalty of ₹100 per day of delay. Non-filing can lead to the prosecution of directors and company officers, significantly impact the reputation of the company and its financial dealings, or result in regulatory audits.How is Form MGT-7 different from Form MGT-7A?
Form MGT-7 is a detailed annual return required for all companies except one-person companies (OPCs) and small companies, which file Form MGT-7A. The latter is a simplified version with fewer details and, in most cases, no requirement for certification by a Company Secretary.Is certification by a Company Secretary mandatory for all companies filing Form MGT-7?
No, certification (Form MGT-8) is mandatory only for listed companies, companies with a paid-up capital of ₹10 crore or more, or those with a turnover exceeding ₹50 crore. Other companies can file an MGT-7 without this certification, unless specifically required to do so.What documents are essential to prepare Form MGT-7?
Documents include the list of shareholders and debenture holders, shareholding pattern details, financial statements, minutes of board and committee meetings, and details of directors and key managerial personnel.Can the filing of Form MGT-7 be done online, and what digital signatures are needed?
Yes, Form MGT-7 filing is entirely online through the MCA portal. It requires the digital signature of a director and, where applicable, a Company Secretary.What is the deadline to file Form MGT-7 after the Annual General Meeting (AGM)?
The Form MGT-7 must be filed within 60 days from the date of the AGM. Since the AGM itself must be held within six months of the end of the financial year, timely compliance is crucial.What information about meetings is disclosed in Form MGT-7?
Details of all board meetings and committee meetings held during the year, including attendance of directors, are required. This highlights corporate governance practices and the involvement of directors in company affairs.What makes Us Different
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