MGT 7 is an electronic form devised by the Ministry of Corporate Affairs to all the Companies in order to fill their annual returns.
The eform is maintained by the Company in electronic form
Who needs to file the Form?
All Companies which are registered under Companies Act need to file Form MGT-7 every year
What is the due date of filing Form MGT 7?
Form MGT 7 is required to be submitted with ROC within 60 days of Company Annual General Meeting .However for Financial Year 2018-2019 the due date is extended to 31st December 2019 (assuming the date of AGM is 30th September 2019.
What is the fees charged by the Government for filing the Form MGT 7?
The fees charged by the Government depend on the nominal share capital of the Company .The fees structure for filing Form MGT 7 will be as follows –
Nominal Share Capital
Less than Rs 1,00,000
Rs .200 per document
1,00,000 to 4,99,999
Rs .300 per document
5,00,000 to 24,99,999
Rs .400 per document
25,00,000 to 99,99,999
Rs .500 per document
1,00,00,000 or more
Rs .600 per document
What is the penalty for late filing of Form MGT -7 ?
The Penalty for late filing of MGT -7 is as under –
Delay up to 30 days
2 times of normal filing fees
Delay of more than 30 days and less than 60 days
4 times of normal filing fees
Delay of more than 60 days and less than 90 days
6 times of normal filing fees
Delay of more than 30 days and upto 180 days
10 times of normal filing fees
Delay is more than 180 days
12 times of normal filing fees
What is the rationale behind filing e form MGT -7?
Form MGT 7 consist of all the particulars as appeared in closing of financial year .These particulars:
The registered office ,business activities,
Detail of holding ,subsidiary
The members and debenture keepers along with the charges associated with them
Payment of Director and principle management personnel
Details of meeting held
What are the needed attachment to file Form MGT 7?
Following attachments are required while filing Form MGT 7 –
List of investors, debentures holders
MGT -8 Copy
Optional Attachment (if any)
In case you need to file annual return for your company, talk to an Progressus Advisor.