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