Misconceptions regarding filing of annual return and applicability to prepare extract of annual returns

Affluence Advisory | Last updated: 08 August 2022

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This article clarifies common misconceptions surrounding the filing of Annual Returns and the preparation of Extracts of Annual Returns. While often used interchangeably, these are distinct reporting documents. Recent amendments, particularly the Companies (Management and Administration) Rules, 2021, have removed the requirement to attach the Extract of Annual Return (MGT-9) to the Board's Report for financial years from 21-22 onwards. Companies now need to place their Annual Return (MGT-7 or MGT-7A for small companies) on their website and disclose the web link in the Board's Report.

Annual Return is a significant document for all the Stakeholders of the Company as it provides in a nutshell, very comprehensive information about various aspects of the Company. While the Financial Statement gives information about the financial performance of the Company it is the Annual Return wh

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Affluence Advisory

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Why Affluence Advisory for any Tax Compliance services? Affluence Advisory Pvt Ltdis a multi-disciplinary consulting and compliance firm that is managed by a specialized team of Chartered Accountants, Company Secretaries, Corporate Lawyers, and Other Professionals who are committed to providing a quality experience ... Read more

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