MGT 7 Filing for Companies in India

What Form MGT 7 Is and Why It Matters

Form MGT 7 is the annual return filed under section 92 of the Companies Act 2013 by every company in India. The form contains a detailed snapshot of the company as on the close of the financial year, including registered office, principal business activities, shareholding pattern, list of directors, key managerial personnel, board meetings, AGM, related party transactions and penalties imposed during the year. The annual return is one of the most heavily inspected documents because it captures the corporate structure and governance at a moment in time.

MGT 7 is mandatory for every Pvt Ltd, public limited company and OPC (in the slightly different MGT 7A form for OPCs and Small Companies). Filing is electronic on the MCA V3 portal with Class 3 DSC signature.

Due Date and Filing Window for MGT 7

The statutory deadline is sixty days from the date of the annual general meeting. The AGM itself must be held within six months of the financial year end, not later than thirty September each year for FY ending thirty one March. The practical due date for MGT 7 for most companies is therefore thirty November each year. New companies file their first annual return after the first AGM, which can fall up to nine months into the second financial year.

Information Captured in MGT 7

• Registered office address and email
• Principal business activity and NIC code
• Particulars of holding, subsidiary and associate companies
• Shareholding pattern with promoters and non promoter holdings
• Pattern of indebtedness
• Particulars of directors and key managerial personnel
• Number of board meetings held and attendance
• Date of AGM and major resolutions passed
• Remuneration of directors and KMP
• Penalties imposed on the company, directors or officers during the year
• Compliance with secretarial standards

Step by Step MGT 7 Filing Process

1. Data Capture from Statutory RegistersThe CS team pulls data from the register of members, register of directors, minutes books and other statutory registers maintained by the company.
2. Drafting the Annual ReturnForm MGT 7 is drafted with the captured data. Cross checks are run against the previous year MGT 7 and AOC 4 of the same financial year to ensure consistency.
3. PCS Certification Where ApplicableFor listed and large companies, the Practicing Company Secretary certifies MGT 7 with a separate certificate of compliance.
4. Digital Signing by DirectorA director signs MGT 7 using Class 3 DSC. Where PCS certification applies, the PCS also affixes their DSC.
5. Filing on MCA V3 PortalThe form is uploaded and submitted on the MCA V3 portal within sixty days of the AGM. SRN is generated on successful submission.
6. Acknowledgement ArchiveThe filing acknowledgement is preserved in the corporate records for future reference and statutory audit verification.

Frequently Asked Questions on MGT 7 Filing