Updated on: May 17th, 2021
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5 min read
A registered company needs to file an annual return every year with ROC. This return contains the basic information related to company, its shareholders, directors etc. as on the last day of the financial year i.e 31st March . It is mandatory compliance for all registered companies to file the annual return in Form MGT-7.
MGT-7 is an electronic form provided by the Ministry of Corporate affairs to all the corporates in order to fill their annual return details. This e-form is maintained by the Registrar of Companies via electronic mode and on basis of the statement of correctness given by the company.
The 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.
The form can be downloaded from here under “Annual filing e-forms” category of the MCA portal.
Every company shall prepare an annual return in the form MGT-7 containing the particulars as they stood on the close of the financial year. These details include details regarding:
This e-form can be filled by attaching the scanned copy of documents under the attachments head. This is at the end of the form. The attachments required include:
Yes, MGT-7 is to be filed by even small companies as per section 92.
MGT-7 is required to filed till the status of the company is ‘active ‘. Once you obtain a ‘dormant status’ then you need not file.
Yes, you can file for both the years by making payment of additional fees.
All registered companies in India must file Form MGT-7 annually with the ROC, containing company, shareholder, and director details. Non-filing results in a daily penalty of Rs. 100. The form includes various company information as of the financial year end and must be filed within 60 days of the AGM date. Attachments of scanned documents are required. The due date for filing is generally November 29th each year.