Form MGT-7 Filing
Annual Return (Form MGT-7/7A) is a crucial statutory document that every Indian company must file with the Registrar of Companies (ROC). This document provides transparency about a company’s non-financial health, ownership structure, and management. In this article, we will delve into the purpose of the annual return, the forms involved, and the compliance requirements.
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Form MGT-7 Filing
Following company registration, every company must submit a return to the Registrar of Companies (ROC) annually. This report encompasses fundamental details about the company, its shareholders, directors, and more, as of the concluding day of the fiscal year – specifically, March 31st. Compliance with this requirement is compulsory for all registered companies, necessitating the completion and submission of Form MGT-7.
Form MGT-7 is an electronic document furnished by the Ministry of Corporate Affairs to all corporate entities. It facilitates the comprehensive disclosure of their annual return particulars. The Registrar of Companies manages this electronic form digitally and relies on the accuracy attested to by the company’s statement of correctness. Simplify Company Compliance Filing with Bookmycompliance. Contact us today to file your company’s annual return hassle-free.
Annual Return Filing
The Annual Return is a comprehensive document encompassing crucial elements like a company’s share capital, debts, directors, and shareholders. According to the Companies Act of 2013, it is obligatory for companies to prepare and submit their Annual Returns to the Registrar of Companies (RoC) annually. This filing requirement is necessary to avoid substantial penalties. The Annual Return must be validated and signed by the Director and the Company Secretary, utilizing their Digital Signatures. In cases where the company hasn’t employed a Company Secretary, the signature can be obtained from a practicing Company Secretary. However, the Director’s signature is sufficient for One Person Companies (OPC) or small companies. This mandatory Annual Return filing is executed through Form MGT-7, which comprehensively outlines the company’s pertinent details.
What is Form MGT-7
The Annual Return: Form MGT-7 is a document registered companies in India must file annually. It contains essential information about the company, such as its registered office, details of shareholders, directors, and more. This form provides a comprehensive snapshot of the company’s status as of the end of the financial year, The purpose of filing Form MGT-7 is to ensure transparency and compliance with regulatory requirements. It helps regulatory authorities and stakeholders understand the company’s structure, activities, and key personnel. Companies must complete and submit this form within a specified timeframe, and the filing fee varies based on the company’s nominal share capital. The form is submitted electronically through the Ministry of Corporate Affairs portal, and any delays in filing can lead to penalties.
