Annual Return

What is annual Return (Section 92)

  • Return prepared by every Company
  • Prescribed form –MGT 7

Due Date

  • If AGM is held- Within 60 days from the date of AGM
  • If AGM is not held- Within 60 days from the date on which AGM should have been held ,Along with reason & prescribed fees

Signed By

  • Every Company Except OPC and Small Co.- a director and CS/CS in practice
  • OPC and small Co.- CS or If no CS then by a director

Penalty for non compliance

  • For Company- Fine Min -50000 Max- 500000
  • For Every officer in default- Fine Min- 50000 Max-500000 or Imprisonment upto 6 months or Both.

Penalty for CS

  • If CS in practice certifies annual return without conformity with the requirement of the section– Fine Min- 50000 Max- 500000

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