MGT-7A – Abridged Annual Return for OPCs and Small Companies from FY 2020-21
MCA has amended Companies (Management and Administration) Rules, 2014 , vide notification G.S.R. 159(E) dated 05/03/2021. As per the amendment, among other changes, in Rule 11 , for sub-rule (1) following sub-rule shall be substituted:
“(1) Every company shall file its annual return in Form No.MGT-7 except One Person Company (OPC) and Small Company. One Person Company and Small Company shall file annual return from the financial year 2020-2021 onwards in Form No.MGT-7A”;
In the said rules for Form No.MGT-7, the following forms No.MGT-7 and MGT-7A shall be substituted, Namely:
- FORM NO. MGT-7:Annual Return (other than OPCs and Small Companies)
- FORM NO. MGT-7A :Abridged Annual Return for OPCs and Small Companies
Point-wise summary of the amendment is as follows:
- From FY 2020-2021 onwards there shall be two different form for filing annual return with ROC.
- Existing form MGT-7 shall be substituted with new form MGT-7
- Form MGT-7 (Annual return): For filing annual return by Companies other than OPC and Small Companies.
- Form MGT-7A (Abridged Annual Return): For filing annual return by OPC & Small Companies.
- Format of form MGT-7A mandates list of directors to be attached along with list of shareholders.
Here are the format of MGT-7A & MGT-7 :
Download here format of list of directors to be attached to MGT-7A
