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MCA and ROC|Glossary entry|2 min read

MGT-7

Form MGT-7/Annual Return

Annual MCA return covering company shareholders, directors, and corporate structure; due within 60 days of AGM.

Filing window

60 days of the Annual General Meeting (AGM)

Regulator

Ministry of Corporate Affairs (MCA)

Regulator

Ministry of Corporate Affairs (MCA)

Deadline

Within 60 days of the Annual General Meeting (AGM)

Penalty

Late filing fee of INR 100 per day with no maximum cap...

Legal basis

Companies Act, 2013

§ 01
Definition

What is MGT-7?

Form MGT-7 is the annual return filed with the Registrar of Companies disclosing the company's shareholding pattern, directors, key managerial personnel, registered office, principal business activities, members and debenture holders, and meetings held during the year. The filing is governed by Section 92 of the Companies Act 2013 and must be submitted within 60 days of the Annual General Meeting.

MGT-7 is filed in addition to AOC-4, with the two forms together constituting the bulk of annual MCA compliance. Small companies and one-person companies file the simpler MGT-7A. The annual return must be signed by a director and a company secretary, or by a director and a chartered accountant or cost accountant in whole-time practice for companies without a company secretary.

Applies to
  • +All Indian private and public limited companies
  • +Wholly Owned Subsidiaries
  • +Small companies file the simpler MGT-7A
  • +OPCs file MGT-7A
§ 02
Citation

Statutory basis

Companies Act, 2013

Section 92

Rule reference

Companies (Management and Administration) Rules, 2014

Enforced by

Ministry of Corporate Affairs (MCA), through Registrar of Companies (ROC)

Citations are editorially curated. Always verify current applicability with qualified Indian counsel before acting on a specific matter.

§ 03
Why it matters

The stake

60 days of the Annual General Meeting (AGM)

Filing window for MGT-7. Skipping or mishandling this compliance carries direct financial and operational consequences.

Why MGT-7 matters for your GCC

MGT-7 is the public record of corporate governance and ownership. For foreign-owned GCCs, the share capital and beneficial ownership disclosures in MGT-7 are scrutinised by RBI, tax authorities, and counterparties for FDI compliance verification. Inaccurate disclosures create cascading issues across FEMA, transfer pricing, and beneficial ownership filings.

§ 04
Pitfalls

The 4 ways MGT-7 goes wrong

Real scenarios from real GCC compliance audits. Each one preventable.

01

Trap 01

Missing the 60-day deadline because AGM was held late or financial year-end audit dragged on

02

Trap 02

Disclosing incorrect beneficial ownership information that conflicts with the company's BEN-1 and BEN-2 filings

03

Trap 03

Forgetting that MGT-7 requires both director and CS/CA signature, leading to last-minute search for an authorised signatory

04

Trap 04

Filing standard MGT-7 when MGT-7A (small company variant) would apply, or vice versa

§ 05
IRPR Network handles this

Done for you

Compliance Management Service

IRPR Network drafts the annual return, coordinates director and company secretary signatures, reconciles shareholding with capital event filings (FC-GPR), and files MGT-7 within the 60-day window.

Our workflow

  1. 01Identify the trigger event in your GCC operations
  2. 02Prepare and validate the MGT-7 filing or compliance step
  3. 03Submit to the regulator and obtain acknowledgement
  4. 04Track in your compliance calendar for ongoing or recurring obligations
§ 07
Questions

Asked about MGT-7

3 specific questions that GCC operators ask most often, answered with citations to the relevant regulations.

Need help with MGT-7?

IRPR Network manages MGT-7 as part of Compliance Management Service, with a zero-penalty guarantee.

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Q01

What is the difference between AOC-4 and MGT-7?

+

AOC-4 is the annual filing of financial statements (balance sheet, P&L, board's report) due within 30 days of AGM. MGT-7 is the annual return covering shareholders, directors, and corporate governance disclosures due within 60 days of AGM. Both are mandatory and complement each other.

Q02

Who must sign MGT-7?

+

MGT-7 must be signed by a director of the company and by a company secretary (where appointed) or a practising chartered accountant or cost accountant. For listed companies and certain larger companies, signing by a company secretary in whole-time practice is mandatory.

Q03

What is the consequence of repeated late filing of MGT-7?

+

Beyond the daily late fee (INR 100 per day), repeated default leads to the company being marked as a Defaulting Company on MCA21. Directors of defaulting companies cannot be appointed as directors of other companies until the default is rectified. Persistent non-filing can lead to strike-off action by ROC.

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