canainitsavla.com

MGT-7 Annual Return Filing

File Your Company's Annual Return on Time to Avoid Penalties and Director Disqualification

Form MGT-7 is the Annual Return of a company — a comprehensive document that captures a snapshot of the company as at the end of each financial year. It contains details of the company's registered office, principal business activities, shareholding pattern, directors, key managerial personnel, indebtedness, and other statutory information as required under Section 92 of the Companies Act, 2013.

MGT-7 must be filed with the MCA within 60 days of the Annual General Meeting (AGM). Small companies and One Person Companies file a simplified version — MGT-7A. The annual return is a public document that investors, banks, and counterparties can access on the MCA portal. It is one of the two core annual filings (alongside AOC-4 financial statements) that every company must complete as part of its annual compliance obligations.

Our MGT-7 Filing Services

Annual Return Preparation

Gathering all required data — shareholding pattern, director details, KMP, loans, indebtedness — and preparing the MGT-7 in prescribed format for the financial year.

MGT-7A for Small Companies

Filing the simplified MGT-7A for small companies and OPCs, which requires fewer disclosures than the full MGT-7 applicable to larger companies.

Shareholding Pattern Verification

Cross-checking the shareholding pattern with the company's register of members, share transfer records, and depository data to ensure accurate disclosure.

Director & KMP Data Review

Verifying and updating director DIN details, appointment dates, cessation dates, and KMP information as required for accurate MGT-7 filing.

MCA Portal Filing

Uploading and filing the completed MGT-7 on the MCA21 portal with digital signatures of the authorised director and Company Secretary (where applicable).

Late Filing & Penalty Management

Calculating late fees for delayed filings and assisting with compounding of offences where MGT-7 has been outstanding for multiple years.

Key Facts About MGT-7 Filing

  • Filing deadline: Within 60 days of the AGM (typically by 29 November for March year-end companies)
  • Small companies and OPCs file MGT-7A instead of full MGT-7
  • Late filing fee: ₹100 per day per form — no upper cap since the Companies (Amendment) Act, 2019
  • Companies with paid-up capital of ₹10 crore or more must attach Secretarial Audit Report (Form MR-3)
  • The Company Secretary (if appointed) must certify MGT-7; otherwise a practising CS can certify
  • MGT-7 is a public document — any person can view and download it from the MCA portal
  • Three consecutive years of non-filing leads to director disqualification under Section 164(2)

Frequently Asked Questions

What information is required in MGT-7?
MGT-7 requires details of the company's registered office, foreign registrations, principal business activities, particulars of associates and subsidiaries, share capital and debentures, shareholding pattern as at year end, details of promoters and directors, meetings held, remuneration of directors and KMP, penalties or punishments during the year, and certification details. It is a comprehensive annual snapshot of the company's governance and structure.
What is the difference between MGT-7 and MGT-7A?
MGT-7 is the full annual return applicable to all companies except small companies and One Person Companies. MGT-7A is a simplified, shorter annual return for small companies (paid-up capital up to ₹4 crore and turnover up to ₹40 crore) and OPCs, requiring fewer disclosures. The MCA introduced MGT-7A in 2021 to reduce compliance burden on small businesses.
Who is required to sign MGT-7?
MGT-7 must be signed by a director and a Company Secretary. If the company does not have a Company Secretary, it must be certified by a Practising Company Secretary (PCS) in Form MGT-8. For small companies and OPCs filing MGT-7A, it needs to be signed only by a director and does not require CS or PCS certification.
What happens if MGT-7 is not filed?
Late filing attracts ₹100 per day per form with no ceiling. If not filed for 3 consecutive financial years, every director of the defaulting company is disqualified under Section 164(2) from being appointed as director in any company for 5 years. The company may also be struck off from the MCA register under Section 248 if both MGT-7 and AOC-4 remain unfiled for 2 or more consecutive years.
Is MGT-7 a public document?
Yes. Annual returns filed in MGT-7 are public documents available on the MCA21 portal. Any person can view and download the annual return of any company by paying a nominal fee on the MCA website. This transparency is intentional — the annual return provides investors, banks, business partners, and the public with information about the company's ownership, management, and status.

File Your MGT-7 on Time, Every Year

Accurate annual return preparation, shareholding verification, and MCA filing — zero errors, zero penalties.

Talk to an Expert

F.A.Q.

It includes all yearly requirements such as filings, actuarial valuation, audits, and maintaining proper records.

Yes, regular compliance is required to maintain approval and tax benefits.

It helps determine the exact gratuity liability and required funding for the trust.

 

Yes, trusts must file necessary returns and maintain financial records as per regulations.

Non-compliance can lead to penalties, loss of tax benefits, or cancellation of approval.

Trustees and the employer are responsible for ensuring proper compliance.