Extract of annual return in form MGT-9 not required to annex to the board report

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MGT-9 not required! Extract of annual return mgt-9 applicability

Extract of annual return MGT-9 required or not? A million dollar question finally resolved! Ministry of Corporate Affairs has amended Companies (Management and Administration) Amendment Rules 2014, vide notification no G.S.R. 538 (E) dated 28th August 2020. As per the amendment MCA has done away with the requirement of attaching extract of annual return in Form MGT-9 to the boards report, if the web link of such annual return has been disclosed in the Board’s report.

Extract of annual return in form MGT-9 not required to annex to the board report

Mgt-9 requirement :- Text of the notification: mgt-9 mgt9 

In the Companies (Management and Administration) Rules, 2014, in rule 12, in sub-rule (1), the following proviso shall be inserted, namely:- 

“Provided that a company shall not be required to attach the extract of the annual return with the Board’s report in Form No. MGT-9, in case the web link of such annual return has been disclosed in the Board’s report in accordance with sub-section (3) of section 92 of the Companies Act, 2013.

Notification no G.S.R. 538 (E) dated 28th August 2020

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