What is MCA MGT 7 Form?
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. It is a popular form among the companies which are required to file the form as per the norms and regulations of the ministry of corporate affairs.
Who Need to File the MGT 7 Form?
All the registered companies in India must file this e-form every year doesn’t matter if the company is private or public. The requirement of filing the Form MGT-7 by the company is for its annual return.
What if the Company does not File MCA Form MGT 7?
If any company does not file Form MGT 7 on time, it would attract a penalty of INR 100 per day as default. The levied penalty was remarkably increased in 2018. So, it should be a good approach to file an annual return in this form before the last date.
Download MGT 7 Form Format from MCA Portal
One can easily download the MGT 7 form from MCA portal under “Annual filing e-forms” category.
MGT-7 (MCA) Form Filing Fees
The fee for the filing of company annual return via MGT-7 is determined by the nominal share capital of a company. The MGT-7 form filing fee starts at Rs 200 for the company with Share Capital of less than 1,00,000. The fee amount increases with increase in the share capital of the company. You can find the complete list here. The company must pay this fee when filing the annual return MGT-7 with ROC. For the companies not having a share capital, the MGT-7 Filing Fee is Rs 200.
| 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 Form Late Filing Fees (MCA)
In case of delay in the filing of MGT-7 annual company return, a company is required to pay an additional fee as penalty along with the normal fee. For a delay of up to 30 days, the MGT-7 late filing fee is twice the normal fee. Its gets increased depending on the period of delay.
| Period of delays | Fee applicable |
|---|---|
| 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 | 12 times of normal fees |
What’s an Objective Behind Filing the e-Form MGT-7?
The Form MGT-7 is filed for annual return however it contains all the particulars as similar to appear in the closing of the financial year. These particulars hold details of :
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- The registered office, primary business activities, details of its holding, subsidiary and associate companies
- The shares, bonds and other securities and shareholding pattern of the company financial obligations of the company
- The members and debenture-keepers along with changes associated with them since the end of the last financial year
- The promoters, directors, key managerial personnel along with changes associated with them since the end of the last financial year;
- Meetings of members or a class thereof, Board and its various committees along with attendance details
- Payment of directors and principal managerial personnel;
- Details of penalty or punishment imposed on the company, its directors or officers and facts of the composition of offences and appeals made against such penalty or punishment
- The issues related to certification of compliances and disclosures as may be specified
- It’s a Shareholding format
Such different issues as needed in the form
Which are the Needed Attachments to File MGT-7 Form?
One can file this e-form by attaching the scanned copy of documents under the attachment head. This attachment section is provided at the end of the form which requires given below attachments including:
- List of investors, debenture holders
- Approval letter for augmentation of AGM
- MGT-8 copy
- Optional Attachment(s), if any
What is the Last Date for Filing MGT 7 MCA Form?
- The company required to file the form MGT-7 within 60 days from the Annual General Meeting date.
- The last date for conducting annual general meeting is on or before the 30th day of September after closing of every financial year.
- Hence, the last date for filing of form MGT-7 is usually 29th of November every year.
Concussion
For all your filing related compliance for the MGT 07 for MCA, the SAG Infotech is readily available to cater you with the best of ROC/MCA filing software i.e. Gen CompLaw which is used by thousands of tax professionals across India. The Gen CompLaw is capable of minutes register and all the relevant ROC filing as per the due date and regulations.