MGT-7A form is required by small companies and One Person Companies (OPCs) in India to file their annual returns to the Registrar of Companies (ROC) under the Ministry of Corporate Affairs (MCA) within 60 days from the date of the annual general meeting (AGM) of the company. The annual due date for conducting the AGM is September 30.
A small company has a paid-up share capital of up to Rs 4 crore and a turnover of Rs 40 crore. In the case of an OPC, if the paid-up share capital of the company exceeds Rs 50 lakh or its average annual turnover of immediately preceding three consecutive financial years exceeds Rs 2 crore, the OPC has to mandatorily convert itself into private or public company.
Also Read:- ESI RETURN FILING, Registration, Due Date, ESI Scheme
Companies can download the form from the MCA website > E-Filing > Company Forms Download. It has nine sections beginning with registration and related details:
- The first section of registration seeks CIN, PAN, whether OPC or small company, AGM details and start/end dates of financial year.
- The second section seeks ‘principal business activities of the company’. It includes number of business activities undertaken, main activity, and turnover.
- The third section requires details of associate companies or joint ventures of the company such as CIN/FCRN and percentage of shares held.
- The fourth section requires details around shares, debentures and other securities of the company viz., share capital, number of classes of shares, amount of shares, details of shares/debentures transfers since last financial year, outstanding debentures, and more.
- The fifth section requires information on turnover and net worth of the company and sixth section calls for data on shareholding pattern.
- The seventh section requires details of number of promoters, members, debenture holders and eight section seeks information on meetings of members/board/committees of board of directors.
- The ninth section requires data on the remuneration of directors.
Attachments required are a list of shareholders, debenture holders, approval letter for extension of AGM, list of directors, etc.
The fee for filing the form ranges from Rs 200 to Rs 600 depending on the nominal share capital of the company. For instance, for less than 1 lakh share capital, the fee is Rs 200 while for share capital of 1 crore or above, the fee is Rs 600.
In case there is a delay in filing the form, Rs 100 per day is charged.
