What is the MGT 7?

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 OPC required to file MGT 7?

An OPC is required to file 2 forms annually namely, MGT 7 and AOC 4.

What is form AOC 4 and MGT 7?

e-Form MGT-7 is used to file the Annual Return of the company. e-Form AOC-4 and MGT-7 should be filed within the period of 30 and 60 days, respectively from the date when the Annual General Meeting (AGM) is held. Delayed filing of this Form also results in higher government fee for filing Form AOC-4.

Can MGT 7 be filed by CA?

Yes, the company can able to file MGT-7.

Which is required under the Companies Act, 2013?

As per section 92 of the Companies Act, 2013, MGT-8 is a mini secretarial audit which is submitted as an attachment to the annual return of the companies in form MGT-7. It is mandatory to get this form certified by a company secretary in practice. MGT-8 form is required to certify the annual returns filed by a company.

How often does a company have to file mgt-7?

All companies, whether public or private which are registered in India must file the Form MGT-7 every year. A company files the Form MGT-7 for its annual return. What are the consequences of non-filing the form? The penalty for not filing an annual return has been remarkably increased in 2018 to Rs. 100 (Rupees Hundred) per day of default.

What does MGT 7 stand for in Corporate Affairs?

Which is the required form of MGT 7 in India?

Mentioned in the provisions of Section 92 (1) of Companies Act 2013, every business operating in India (including One Person Company and small company) is obliged to prepare the annual report of the company’s business and present it to the authorities in Form MGT 7.

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