Benefits of MGT 7A for Small Businesses
- Less Documentation : Compared to MGT 7.
- No CS Certification Needed : Cost savings for small businesses.
- Simplified Compliance : Easier and faster filing process.
Due dates for filing MGT7 / 7A
- The due date for filing MGT 7A is 60 days from the completion of 180 days from the end of financial year.
- For filing MGT7, it is within 60 days from the annual general meeting.
Companies (Management and Administration) Amendment Rules, 2021
- MCA has named these amendments as the companies (Management and Administration) Amendment Rules, 2021.
- These amendments are applicable from the financial year 2020-2021.
- You should file a copy of the annual return with the registrar along with the specified fees.
- These rules prevent the disclosure of certain information.
Consequences of not filing MGT 7 / MGT 7A
- According to section 92(5) and 446(B), if a company fails to file its annual return within the specified deadline and its officers who are in default are liable to pay the amount of penalty.
- The penalty for not filing the annual return for One person company and Small Companies is ₹ 100 per day of default.
- All companies must ensure that they file their annual return before the due date.
- Companies may be liable to pay a specified fine.
- The MCA can issue legal notices on company for repeated non compliance.
- If the company fails to file an annual return for constant three years, it is possible that directors may be disqualified.
- If the company is failing to file annual returns for an extended period then, The MCA can strike off the company’s name from the register .
Conclusion
In conclusion, Form MGT 7A is introduced under the Companies (Management and Administration) Amendment act, 2021. The main purpose for introducing this form is to simplify the annual return filing for One Person Company and Small companies. This act ensures a streamlined compliance structure.
Suggested Read :
How to File Form MGT-7 and AOC-4 Online?
Documents to Start a Small Company
OPC Turnover Limit for Small Businesses
Reviews
Ajay kumar
14 Jun 2019Good service provided by ur staff.
Christopher
07 Aug 2020EbizFiling helped us with our Indian subsidiary company formation from start to finish. The customer service, knowledge, technical know how and communication was amazing. The delivery of services were timely and as per schedule. Thanks team and congratulations on the job well done. I recommend EbizFiling to any local or international company that wants to start operations in Incredible India.
Bharath
21 Apr 2020I’ve received great support even during these times of distress. Thank you so much, and a special shout to Nilesh who has been extremely supportive.
February 14, 2026 By Steffy A
10 Compliance Mistakes Every Startup Founder Makes in India Introduction Building a startup in India is exciting, but most startup founders tend to focus on products and fundraising while overlooking important legal, tax, and regulatory obligations. This can lead to […]
February 9, 2026 By Steffy A
Compliance Calendar in the Month of March 2026 Introduction March 2026 is an important compliance month for businesses as it includes regular monthly filings along with advance tax payment deadlines. Most returns relate to February 2026 transactions under GST, […]
January 31, 2026 By Dhruvi D
Filing Requirements Across Multiple States Explained Clearly Introduction As businesses grow, selling or operating beyond one state often feels like progress. But with that growth comes a new layer of compliance that many business owners underestimate. Filing requirements across multiple […]