How to File Annual Return (MGT-7/MGT-7A): Step-by-Step Guide
The Annual Return is one of the most critical compliance filings for every company in India. Filed as Form MGT-7 (for companies with paid-up capital ≥ ₹10 crores or turnover ≥ ₹50 crores) or Form MGT-7A (simplified form for smaller companies), this document provides a comprehensive snapshot of your company’s affairs at the end of each financial year.
What Is Form MGT-7?
Form MGT-7 is the Annual Return prescribed under Section 92 of the Companies Act, 2013. It contains detailed information about the company including:
- Registered office address and principal business activities
- Particulars of holding, subsidiary, and associate companies
- Share capital, debentures, and other securities
- Turnover and net worth details
- Shareholding pattern with complete member list
- Details of directors, KMPs, and changes during the year
- Meetings of members and board (dates, attendance)
- Details of penalties, punishments, and compounding
- Matters relating to certification of compliances
MGT-7 vs MGT-7A: Which Form to Use?
| Parameter | MGT-7 (Full Form) | MGT-7A (Simplified) |
|---|---|---|
| Applicability | Companies with paid-up capital ≥ ₹10 Cr OR turnover ≥ ₹50 Cr | OPCs, small companies, and companies below MGT-7 thresholds |
| Complexity | Detailed — 10+ sections with attachments | Simplified — fewer sections, less detail |
| CS Certification | Mandatory PCS certification for listed/large companies | Self-certification by directors |
| Filing Fee | ₹200-600 based on authorized capital | ₹200 |
Filing Deadline
Annual Return must be filed within 60 days from the date of AGM. Since AGM must be held within 6 months of financial year end (by September 30 for March year-end companies), the effective deadline is typically November 29.
Step-by-Step Filing Process
- Login to MCA V3 Portal: Access mca.gov.in with company credentials
- Select Form: Navigate to MCA Services → Company Forms → MGT-7 or MGT-7A
- Enter CIN: Company Identification Number auto-populates company details
- Fill Part I-IX: Complete all sections with financial year data
- Attach Documents: List of shareholders, CS certificate (if applicable), financial highlights
- Pre-scrutiny: Run MCA pre-scrutiny check to identify errors
- Digital Signature: Sign with director and CS DSC
- Pay Filing Fee: Pay applicable fee online
- Submit: File on MCA portal and download SRN receipt
Penalties for Late Filing
- Per-day penalty: ₹100-200 per day of delay
- Maximum penalty: ₹1,00,000 per filing
- Non-filing for 2+ years: Company may be struck off by ROC
- Director liability: Directors also face personal penalties under Section 92(5)
Frequently Asked Questions
What is the due date for filing MGT-7?
MGT-7 must be filed within 60 days from the date of the Annual General Meeting (AGM). For companies with March year-end, the AGM deadline is September 30, making the MGT-7 deadline typically November 29.
Do OPCs need to file MGT-7?
OPCs file the simplified MGT-7A form. They are exempt from the full MGT-7 filing regardless of their turnover or paid-up capital.
What happens if MGT-7 is not filed?
Late filing attracts per-day penalties of ₹100-200 (capped at ₹1,00,000). If the company fails to file for 2 or more consecutive years, the ROC may initiate proceedings to strike off the company from the register.