MGT-7 / MGT-7A – Annual Return Filing
Who Files This?
Every company registered under the Companies Act, 2013 (except small companies and One Person Companies which use MGT-7A) must file its Annual Return in Form MGT-7 or MGT-7A with the Registrar of Companies.
Applicability Criteria
MGT-7:
Applicable to all Public Companies (listed or unlisted).
Applicable to Private Companies that are not classified as small companies or OPCs.
MGT-7A:
Applicable to Small Companies (as per Section 2(85): Paid-up share capital ≤ ₹4 crore and Turnover ≤ ₹40 crore).
Applicable to One Person Companies (OPC).
Why It Matters
Annual Return filing ensures that a company’s shareholding structure, management details, and compliance status are transparently disclosed to the MCA. This strengthens governance and avoids penalties.
Process of Filing
Preparation of Annual Return containing:
Company details (CIN, registered office, business activities).
Shareholding pattern and changes.
Details of directors, KMPs, and promoters.
Meetings held, remuneration, penalties (if any).
Certification of the return (by Director/Company Secretary/Practicing Professional).
Filing the form (MGT-7 or MGT-7A) through the MCA portal with DSC.
Documents Required
List of shareholders and debenture holders.
Details of directors, promoters, and KMPs.
Certification from a practicing CS (where applicable).
Extracts of resolutions, meetings, and penalties.
Due Date
60 days from the conclusion of the AGM.
If AGM not held, within 60 days from the due date of AGM.
Penalty for Delay
Penalty of ₹100 per day of delay, no maximum limit.
Company and officers in default are liable for further penalties under the Act.
How Law to Corporate (LTC) Helps
Drafting and reviewing your Annual Return with accuracy.
Ensuring proper classification (MGT-7 vs. MGT-7A).
Verifying shareholder and director data.
Certification through practicing professionals (if required).
Timely filing to avoid penalties.