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What is E-Form MGT-7A

From MGT 7A

What is e-form MGT-7A

  • Form MGT-7A is the form prescribed for Annual ReturnForm applicable to a One Person Company and Small companies.
  • Form MGT-7A for OPCs and small companies is applicable for Financial Year 2020-21 and onwards.
  • It is mandatory to file Form MGT-7A by all OPCs and small companies registered in India with the Registrar of Companies (ROC) on the website of the Ministry of Corporate Affairs.
  • Form MGT-7A is mandatory to be filed to ROC along with prescribed fees.

What is the due date for the Form MGT-7A ?

Generally, the due date for filing the Form MGT-7A is 29th November of every year. This date is calculated on the basis that MGT-7A shall be filed within 60 days from the Annual General Meeting (AGM) of a company , and the due date for AGM for companies is before or on 30th September of every year.

Features of MGT-7A

MGT-7A is required to be filed by all OPCs and small companies.

  • Form MGT-7A is the form for Annual Return for One Person Company (OPC) and Small Company.
  • While filing Form MGT-7A, Company has to select the applicability out of two – a) OPC, b) Small Company.
  • Not mandatory to Certify by Company Secretary.
  • Form can be filed with DSC of Directors only.

Which Companies Must File E-Form MGT-7A?

The e-form MGT-7A is only applicable on One Person Companies (OPCs) and small companies. Other companies registered under the Companies Act, 2013 must file form MGT-7 with the Registrar of Companies (ROC).

Section 2(85) of the Companies Act defines small companies as companies, other than public companies having:

  • A paid-up share capital not more than Rs.2 crore or such specified higher amount which shall not exceed Rs.10 crore.
  • A turnover not more than Rs.20 crore or such a specified higher amount which shall not be more than Rs.100 crore.

Attachments Required for Filing Form MGT-7A.

The following documents must be attached to the Form MGT-7A under the attachments head available at the end of the form:

  • List of debenture holders and shareholders.
  • List of directors.
  • Approval letter for extension of AGM.
  • Optional attachments.

Fee for Filing Form MGT-7A (in case of company having share capital)

What is the fees for filing Form MGT-7A

Nominal Share CapitalForm Fee
Less than 1,00,000Rupees 200
1,00,000 to 4,99,999Rupees 300
5,00,000 to 24,99,999Rupees 400
25,00,000 to 99,99,999Rupees 500
1,00,00,000 or moreRupees 600

In case of delay in the filing of MGT 7A annual company return, a company is required to pay an additional fee as a penalty along with the normal fee. The MGT 7 late filing fees is Rs. 100 per day.

Purpose of the MGT-7A e-Form

Every small company and the OPC shall prepare Annual return in form MGT-7A with particulars of the financial year related wherever applicable:

  • Company Registration details.
  • Principal business activities of company.
  • Details of Shares, Debentures and the other securities along with the shareholding pattern.
  • Along with the changes in its debenture-holders, members and the promoters since previous financial year closing.
  • Details of meetings of the members, the Board and its various committees in addition to details of attendance.
  • The salary of the directors.
  • Punishment or Penalty in any other form that is imposed on the company or other officials and the appeals that have been made against such punishment or penalty.
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