What we do
Our work in this practice group is structured around the records, deadlines, and decisions involved:
- Simplified compliance procedure designed specifically for Small Companies and One Person Companies.
- No requirement for certification by a Company Secretary in Practice (PCS), saving compliance costs.
- Avoidance of heavy recurring MCA late fees of ₹100 per day under Section 92(5).
- Accurate reporting of shareholding pattern, promoters, directors, and changes during the financial year.
- Verification of board meetings, attendance, and indebtedness disclosures.
- Timely filing within 60 days of the Annual General Meeting.
- Complete peace of mind with verifiable SRN acknowledgements and updated MCA public records.
How the engagement works
Under Section 92(1) of the Companies Act, 2013 read with the proviso to Rule 11(1) of the Companies (Management and Administration) Rules, 2014, every One Person Company and Small Company must file its annual return in Form MGT-7A with the Registrar within 60 days from the date of the Annual General Meeting (or where no AGM is held, within 60 days from the date the AGM ought to have been held). Delayed filing attracts an additional fee of ₹100 per day under Section 403, and the company and its officers in default are liable to a penalty of ₹10,000 plus ₹100 for each day during which default continues up to ₹2,00,000 under Section 92(5).
Scenario 1: A Private Limited Company meeting the Small Company definition (capital ≤ ₹4 Cr and turnover ≤ ₹40 Cr) needs to file its annual return in Form MGT-7A within 60 days of its AGM.
Scenario 2: A One Person Company (OPC) needs to submit its annual return in Form MGT-7A within 60 days from the expiry of the statutory period for holding an AGM.
Scenario 3: A startup that recently incorporated as a Private Limited Company seeks confirmation of small company eligibility and assistance with its first MGT-7A filing.
Scenario 4: A small company had changes in its shareholding pattern, directors, or registered office and needs accurate reporting in Form MGT-7A.
Scenario 5: A business entity looking to secure bank loans or credit facilities requires clean MCA compliance records with up-to-date MGT-7A filings.
Small Company Eligibility Check
We verify that your paid-up share capital does not exceed ₹4 Crore and turnover does not exceed ₹40 Crore to confirm eligibility for Form MGT-7A.
Shareholding & Director Records Compilation
We compile details of promoters, non-promoter shareholders, share transfers, directors, key managerial personnel, and indebtedness as of 31st March.
Board Meeting & Attendance Verification
We reconcile the dates of board meetings held during the financial year and verify director attendance records for statutory disclosure.
Form MGT-7A Drafting & Pre-scrutiny
We prepare the e-Form on the MCA V3 portal, verify CIN details, and run pre-scrutiny validations to ensure error-free filing.
Director DSC Affixation & Verification
We coordinate digital signature attachment from the director and ensure proper authentication on the MCA portal.
Filing, Challan Generation & SRN Tracking
We submit the form, facilitate statutory payment, and deliver the permanent Service Request Number (SRN) filing acknowledgement.
Step-by-step process
Step 1: Financial & Statutory Records Collection
We collect your audited financial statements, list of shareholders, register of transfers, director details, and AGM date.
Step 2: Eligibility & Data Reconciliation
We confirm small company eligibility, reconcile share capital figures with the balance sheet, and compile indebtedness data.
Step 3: MGT-7A Preparation on MCA V3
We draft Form MGT-7A on the MCA portal, attach the list of shareholders and transfer details, and run technical pre-scrutiny.
Step 4: Director DSC Signing
The designated director signs the form electronically using their registered Digital Signature Certificate (DSC).
Step 5: Submission & SRN Delivery
We submit the form to the Registrar, process payment, and provide the official filing challan and SRN acknowledgement.
Key deliverables & outputs
General questions
01What is Form MGT-7A?
Form MGT-7A is the abridged Annual Return introduced by the MCA for One Person Companies (OPCs) and Small Companies under Section 92(1) of the Companies Act, 2013. It contains simplified disclosures regarding ownership, management, and operations.
02Which companies are eligible to file Form MGT-7A?
Only One Person Companies (OPCs) and Small Companies can file Form MGT-7A. A small company is defined as a private company having paid-up capital of not more than ₹4 Crore and turnover of not more than ₹40 Crore in the preceding financial year.
03Does Form MGT-7A require certification by a Company Secretary in Practice (PCS)?
No. Unlike Form MGT-7 for larger companies, Form MGT-7A does not require certification by a practicing Company Secretary. It is signed only by a director of the company.
04What is the due date for filing Form MGT-7A?
Form MGT-7A must be filed within 60 days from the date of the Annual General Meeting (AGM). For an AGM held on 30th September, the due date is 29th November.
05What is the penalty for late filing of Form MGT-7A?
Late filing attracts an additional fee of ₹100 per day under Section 403 of the Companies Act with no upper cap. In addition, Section 92(5) prescribes statutory penalties on the company and defaulting officers.
06What documents are attached to Form MGT-7A?
Attachments generally include: (1) List of shareholders and debenture holders; (2) List of share transfers (if any during the financial year); and (3) Approval letter for extension of AGM (if an extension was granted by the ROC).
07Can a Section 8 Company or Public Company file Form MGT-7A?
No. Section 8 companies, Public Limited companies, and Producer companies cannot be classified as Small Companies and are therefore required to file the standard Form MGT-7.