All About MGT 7 Form (MCA) with Due Date & Filing Fees

What is the MCA MGT 7 Form?

The MGT 7 is an electronic form which is allocated to all companies by the Ministry of Corporate Affairs for filing details of their annual return. The Registrar of Companies maintains this e-form via electronic mode and on the basis of the statement of correctness given by the company.

It is a popular form among the companies which are required to file the form as per the norms and regulations of the Ministry of Corporate Affairs.

Who Needs to File?
MGT 7 Form Format from MCA Portal
MGT 7 Form Filing Fees
MGT 7 Late Filing Fees
Documents Required File MGT 7 Form
Due Date for Filing MGT 7
Steps to File an MGT 7 Annual Return Form
MGT 7 E-forms FAQs

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Who Needs to File the MGT 7 Form?

All the registered companies in India must file this e-form every year doesn’t matter if the company is private or public. The requirement of filing the form MGT 7 by the company is for its annual return.

What if the Company does not File MCA Form MGT 7?

If any company does not file form MGT 7 on time, it would attract a penalty of INR 100 per day as default. The levied penalty was remarkably increased from 2018. So, it should be a good approach to file an annual return in this form before the last date.

Download the MGT 7 Form Format from the MCA Portal

One can easily download the MGT 7 form from the MCA portal under the “Annual filing e-forms” category.

MGT 7 (MCA) Form Filing Fees

The fee for the filing of the company’s annual return via MGT 7 is determined by the nominal share capital of a company. The MGT 7 form filing fee starts at Rs. 200 for the company with a Share Capital of less than 1,00,000.

The fee amount increases with an increase in the share capital of the company. You can find the complete list here. The company must pay this fee when filing the annual return MGT 7 with ROC. For the companies not having a share capital, the MGT 7 Filing Fee is Rs. 200.

Nominal Share Capital	Normal Fee Applicable in Rupees
Less than 1,00,000	INR 200
1,00,000 to 4,99,999	INR 300
5,00,000 to 24,99,999	INR 400
25,00,000 to 99,99,999	INR 500
1,00,00,000 or more	INR 600

Note: “Fee for filing (in case of a company not having a share capital) Rupees 200”

How to Quick File MGT-7 Form

Period of Delays	Fees
Up to 30 days	2 times of normal fees
More than 30 days and up to 60 days	4 times of normal fees
More than 60 days and up to 90 days	6 times of normal fees
More than 90 days and up to 180 days	10 times of normal fees
More than 180 days and up to 270 days	12 times of normal fees

MGT 7 Form Late Filing Fees (MCA)

In case of delay in the filing of the MGT 7 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 fee is INR 100 per day.

What’s the Objective Behind Filing the e-Form MGT 7?

The Form MGT 7 is filed for annual return however it contains all the particulars as similar to appear in the closing of the financial year. These particulars hold details of :

The registered office, primary business activities, details of its holding, subsidiary and associate companies
The shares, bonds and other securities and shareholding pattern of the company financial obligations of the company
The members and debenture-keepers along with changes associated with them since the end of the last financial year
The promoters, directors, and key managerial personnel along with changes associated with them since the end of the last financial year;
Meetings of members or a class thereof, Board and its various committees along with attendance details
Payment of directors and principal managerial personnel;
Details of penalty or punishment imposed on the company, its directors or officers and facts of the composition of offences and appeals made against such penalty or punishment
The issues related to certification of compliances and disclosures as may be specified
It’s a Shareholding format
Such different issues as needed in the form

Which are the Needed Attachments to File the MGT 7 Form?

One can file this e-form by attaching the scanned copy of documents under the attachment head. This attachment section is provided at the end of the form which requires given below attachments following:

List of investors, debenture holders
Approval letter for augmentation of AGM
MGT-8 copy if applicable
Optional Attachment(s), if any

What is the Due Date for Filing MGT 7 MCA Form?

The company is required to file the form MGT 7 within 60 days from the Annual General Meeting date.
The last date for conducting the annual general meeting is on or before the 30th day of September after the closing of every financial year.
The last date for filing Form MGT 7 was the 28th of November 2023 for the FY 2022-23
In the FY 2023-24, the last day to file Form MGT 7 is November 28th, 2024

Get Demo of MGT-7 Filing Software

Steps to File an MGT 7 Annual Return Form

Step 1: Registration and Other Details

CIN Number of theCompany
Name of the Company
Date of the Incorporation
Type of Company/Category of Company/Sub-Category of Company
Whether the Company has a share capital
Financial Year, Date and Time
Annual General Meeting held

Step 2: Principal Business Activities of the Company

S.No
Main Activity Group Code
Description of Main Activity Group Code
Business Activity Code
Description Business Activity
Company Turnover in Percentage

Step 3: Particulars of Holding

S.No
Name of the Company
CIN/FCRN
Holding/Subsidiary/Associate/Joint Venture
Percentage of Share

Step 4: Share Capital, Debentures, and Other Securities of the Company

Step 5: Debentures and Securities

Step 6: MGT-7 Turnover Net Worth

Turnover
Net worth of the company

Step 7: MGT-7 Details of Directors

Composition of the Board of Directors
Details of Directors and Key managerial personnel at the end of FY

Step 8: Meeting of Members, Class of Members, Board, Committees of the Board of Director

Member, Class, Requisitioned, NCLT, Court Convened Meeting
Board Meeting
Committee Meetings

Step 9: Remuneration of Directors and Key Managerial Personnel

Step 10: Matters Related to Certification of Compliances and Disclosures

Step 11: Penalty and Punishment

Details of the Penalties and Punishment Imposed on Company, Director and Officers
Detail of Compounding of Offences

Step 12: Complete List of Shareholders

Step 13: Compliance of Sub Section

Step 14: Declaration

Mentioned Below Some FAQs Related to MGT 7 E-forms:

Q.1 – About the MGT 7 e-form?

The Company’s Annual Return form or MGT 7 form is required to be filed by every company. The form comprises of the company’s financial and non-financial details which are needed by the authorities.

Q.2 – Who needs to file an MGT e-form?

Every registered firm operating in Indian premises including One Person Company and small company are required to file Form MGT 7.

Q.3 – When does the form need to be filed?

Depending upon the situations of various companies there are different due dates of filing Form MGT 7:

Case 1 – In the case of One Person Company, e-form MGT 7 needs to be submitted to legal authorities within 60 days starting from the expiry of 6 months from the closing date of FY. For Example, if FY ends on 31 March 2020, then 6 months from the end of FY will complete on 30 September 2020. So the prescribed due date of filing MGT 7 is 28 November 2020 (i.e. 60 days from 30 Sept 2020).

Case 2 – In the case of company’s except OPC, MGT 7 needs to be filed within 60 days starting from the date of concluding the Annual General Meeting (AGM). If in case the company fails to conduct the AGM then also it needs to furnish MGT 7 Form along with the valid reason for not conducting the AGM.

Q.4 – How much fee is to be deposited along with Form MGT 7?

Mentioned below is the table presenting the amount which is to be paid to legal authorities along with form MGT 7:

Nominal Share Capital	Normal Fee Applicable in Rupees
Less than 1,00,000	INR 200
1,00,000 to 4,99,999	INR 300
5,00,000 to 24,99,999	INR 400
25,00,000 to 99,99,999	INR 500
1,00,00,000 or more	INR 600

To be noted: For the companies not falling under any of the above-mentioned criteria, the fees along with MGT form is Rs. 20.

Q.5 – What is the penalty for the late filing of MGT 7?

As declared by Companies (Registration Offices and Fees) Second Amendment Rules 2018, the late filing of form MGT 7 will invite penalty of Rs. 100 per day of delay counted from the expiry of the due date of filing MGT 7.

Q.6 – What is the aftermath of not filing MGT 7 within the prescribed time period?

If the company is found guilty of not filing MGT 7 within the designated time limit then the company along with its key officials will be liable for paying Rs. 50,000 as a penalty. However, if the delay continues then the penalty of Rs. 100 per day will be payable until the amount reaches the maximum of Rs. 5,00,000.

Q.7 – What documents are required along with form MGT 7?

List of documents needed adjacent to form MGT 7:

A list containing details of shareholders & Debenture holders – Applicable in the case when the company is having share capital and where the complete list of shareholders and debenture holders has been enclosed as an attachment.
Approval letter for extension of AGM, if applicable.
MGT-8 (if applicable)

Optional: MGT-8 is a certificate given by Company Secretary in practice where the company is listed or its paid-up share capital is INR 10 Crores or more or Turnover is INR 50 crores or more.

Q.8 – Whose signatures are required to authenticate MGT 7?

When OPC is concerned – the signature by the company secretary on Form MGT 7 is required and if there is no company secretary for the firm then the signature is required by the director of the company.

When companies other than OPC are concerned – Form MGT 7 needs signatures from the director and the company secretary of the firm, if there is no all-time company secretary then signature is required by the company secretary in practice.

To be noted: If any company found alleged of filing Annual Return which is contradicting the provisions of the ‘Companies Act’ then the company has to pay the fine of min Rs. 50,000 but not exceeding Rs. 5,00,000.

Q.9 – Link to download form MGT 7?

E-form MGT 7 is available to download from MCA’s official website.

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