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Form MGT-7 Filing in Chennai

Form MGT-7 is an annual return that every company registered under the Companies Act, 2013, is required to file with the Ministry of Corporate Affairs (MCA) . This form provides a comprehensive summary of the company's affairs as they stood on the close of the financial year, including details of its registered office, principal business activities, particulars of its holdings, share capital, debentures, indebtedness, members, promoters, directors, key managerial personnel, and meetings. It is a critical compliance for transparency and regulatory oversight.

Laams Tax Consultancy specializes in Form MGT-7 Filing, ensuring accurate preparation and timely submission. Our Best Annual Filing Consultants meticulously handle all data compilation and ensure compliance with statutory requirements, providing a seamless experience for your company.

Requirements and Eligibility Form MGT-7 Filing

Applicability

Mandatory for all companies (Private Limited, Public Limited, Section 8 Company, etc.). For OPCs and Small Companies, Form MGT-7A is applicable.

Financial Year

The return pertains to the financial year ending March 31st.

Audited Financial Statements

The information in MGT-7 should align with the company's audited financial statements.

Documents Required for Form MGT-7 Filing in Chennai

1. Master Data of the Company

This includes the Company Identification Number (CIN), registered office address, email ID, and details of the company’s principal business activities. These basic details are mandatory to identify the entity and classify its operations. Accuracy here ensures proper recording in the Ministry of Corporate Affairs (MCA) database

2. Share Capital Structure

Details of the company’s authorized, issued, subscribed, and paid-up share capital must be reported, including any changes during the financial year. This section also includes information on the classes of shares and any rights attached. It reflects the capital framework and ownership equity of the company.

3. Details of Members and Debenture Holders

The return must include a comprehensive list of shareholders, along with their shareholding percentages and changes during the year. It also captures information about debenture holders, if any. This data forms the core of the company’s ownership and liability structure.

4. Details of Directors and Key Managerial Personnel (KMP)

MGT-7 requires details such as names, DINs , designations, appointments, resignations, and remuneration of all directors and KMP. Any changes during the year must be reported. This ensures transparency in governance and management structure.

5. Details of Meetings

The form includes information about the Annual General Meeting (AGM), Board Meetings, and other committee meetings held during the financial year. You must report the date, type of meeting, and number of attendees. This demonstrates the company's compliance with mandatory meeting requirements.

6. Indebtedness

You must disclose details of the company’s secured and unsecured borrowings, including loans, debentures, and other financial liabilities. This section reflects the financial obligations of the company and supports stakeholder transparency. Ensure figures match the financial statements and auditor reports.

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Process or Compliance Filing Online in Chennai

step 1: Data Collection

Compile all required information as of March 31st of the financial year.

step 2: Form Preparation

Fill in the e-Form MGT-7 (or MGT-7A for One Person Company /Small Co.) with all the necessary details.

step 3: Digital Signature

The form must be digitally signed by a director and certified by a practicing Company Secretary.

step 4: File Form MGT-7

Submit the e-form on the MCA portal within 60 days from the date of the Annual General Meeting (AGM). For OPCs, it's 60 days from the due date of the AGM. This is a critical annual deadline.

step 5: SRN Generation

Upon successful submission, a Service Request Number (SRN) is generated as proof of filing.

Benefits of Form MGT-7 Filing in Chennai

Statutory Compliance: Fulfills the mandatory annual reporting requirement under the Companies Act, 2013.

Transparency and Disclosure: Provides a comprehensive overview of the company's structure and activities to the public and regulatory authorities.

Avoidance of Penalties: Prevents heavy late filing fees (Rs. 100 per day after due date) and other legal repercussions.

Common Mistakes or Compliance Penalties

Missed Due Date: The most frequent error, leading to significant financial penalties.

Inaccurate Information: Submitting incorrect data regarding share capital, directors, or meetings.

Discrepancy with AOC-4: Information in MGT-7 not aligning with the financial statements filed in Form AOC-4.

Why Choose Laams Tax Consultancy for Form AOC-4 Filing

Laams Tax Consultancy specializes in precise and timely Form MGT-7 Filing. Our ROC Filing Experts in Tamil Nadu meticulously verify all details, ensuring full compliance and saving your company from penalties. Get compliant the right way.

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