Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Wednesday, November 4, 2015

Easy filing of MGT-7 for Financial Year 2014-15

Easy filing of MGT-7 for Financial Year 2014-15

MCA has changed the Form of Annual return and the information required for such form has been increased a lot. Every company has to prepare an annual return in the form MGT-7 containing the particulars as they stood on the close of the financial year. Before preparing the form MGT -7 the company should compile the data as given below for easy and speedy data entry and filing of the form.  

1.      REGISTRATION AND OTHER DETAILS
Ø  Registered office, CIN,PAN, E-Mail, Telephone Number, Date of Incorporation, Type f Company, its holding, subsidiary and associate companies, Date of AGM
2.      PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Ø  Number of business activities
Ø  Description of Main Activity group
Ø  Description of Business Activity
Ø  % to total turnover of company for each activity

NOTE : ( there is drop down selection facility in the form). Such codes are numbered from A to U  for Main Activity Code and again for each code business codes are varied from 1 to 13. Such Codes are given in MCA MGT-7 Help page number 19 to 24.

3.      PARTICULARS OF HOLDING, SUBSIDIARY, JOINT VENTURES AND ASSOCIATE COMPANIES
Ø  Number of companies for which information is given
Ø  CIN number and name of the company and then pre- fill the information required
4.      SHARE CAPITAL, DEBENTURES AND OTHER SECURITIES OF THE COMPANY
Ø  Shares, debentures and other securities and shareholding pattern;
Ø  Details of shares/Debentures Transfers since closure date of last financial year (or in the case of the first return at any time since the incorporation of the company)
Ø  Indebtedness including debentures (Outstanding as at the end of financial year)
5.      TURNOVER AND NET WORTH OF THE COMPANY
Ø  Turnover as defined as per Companies Act 2013
Ø  Net Worth of the Company As per Companies Act 2013
6.      SHARE HOLDING PATTERN
Ø  Promoters : Class of Shares, Foreign & Indian
Ø  Public : Class of Shares, Foreign & Indian
Ø  Number of Shareholders Public + Promoters
7.      NUMBER OF PROMOTERS, MEMBERS, DEBENTURE HOLDERS
Ø  Promoters Members& Debenture holders
Ø  At the beginning of the year
Ø  Addition to each type during the year
Ø  Cessation to each type during the year
8.      DETAILS OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
Ø  Composition of Board of Directors: Executive, Non-executive and number of shares held by such directors at the beginning and end of the year. Promoter, Non Promoters, Independent, not Independent and nominee directors.
Ø  Number of Directors and Key managerial personnel (who is not director) as on the financial year end date, details of directors and Key managerial personnel as on the closure of financial year with respect to - DIN/PAN, Designation, Number of equity shares held, Date of cessation (after closure of financial year : If any)
Ø  Particulars of change in director(s) and Key managerial personnel during the year
9.      MEETINGS OF MEMBERS BOARD, COMMITTEES OF THE BOARD OF DIRECTORS
Ø  BOARD MEETINGS : Number, dates, number of directors as on the date of meeting, directors who attended the meeting
Ø  ATTENDANCE OF DIRECTORS : Name of the Director, Board Meetings, No of Meetings which were entitled to attend, No. of Meetings attended, % of attendance
Ø   Committee Meetings, No. of Meetings, Held No. of Meetings, attended, % of attendance
10.  NUMBER OF MANAGING DIRECTOR, WHOLE-TIME DIRECTORS AND/OR MANAGER WHOSE REMUNERATION DETAILS TO BE ENTERED
Ø  No of Directors – Managing Director, whole time directors or Manager and Key Managerial Person who got remuneration., Name, Designation, Gross salary, Commission, Stock Option/ Sweat equity, Others
Ø  Number of CEO, CFO and Company secretary who got remuneration, Name, Designation, Gross salary, Commission, Stock Option/ Sweat equity, Others
Ø  No of other Directors who got remuneration., Name, Designation, Gross salary, Commission, Stock Option/ Sweat equity of such directors
11.  MATTERS RELATED TO CERTIFICATION OF COMPLIANCES AND DISCLOSURES
Ø  Certification of Compliances : Whether company has done al compliances
Ø  Details of penalties / punishment imposed on company/directors /officers 
Ø  Details of compounding of offences
12.  ATTACHMENTS
Ø  Complete list of Shareholders & debenture holders
Ø  Copy of MGT-8 – For listed companies

Business Activity Codes uploaded Separately

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