Mgt-7
This query is : Resolved
29 July 2019
Whether CS sign is mandatory on MGT-7?
29 July 2019
MGT 7 certification is not required for small company and OPC. But for other private company , if paid up capital is more than Rs.10 crore or turnover is more than Rs.50 crore , then it must be certified by PCS in form MGT 8.
Message likes :
1 times
30 July 2019
Sir, MGT 7 for Companies other than small companies also required to be signed by cs and director or PCS
Message likes :
1 times
30 July 2019
My earlier observation was regarding CERTIFICATION of form MGT-7. But it seems, query is about SIGNING.
If it is so, my answer would appear as follows.
(i) In the case of one person company, small company and Private limited company
( if such private limited company is a start up) form MGT-7 should be SIGNED by
company secretary if such companies have a Company Secretary in employment
OR where there is no such Company secretary by the Director of the company.
(ii) In those cases not covered as above, and in the case of those companies which need not require CERTIFICATION by a Practicing Company Secretary, form MGT -7 has to be necessarily SIGNED by a Practicing Company Secretary.
If it is so, my answer would appear as follows.
(i) In the case of one person company, small company and Private limited company
( if such private limited company is a start up) form MGT-7 should be SIGNED by
company secretary if such companies have a Company Secretary in employment
OR where there is no such Company secretary by the Director of the company.
(ii) In those cases not covered as above, and in the case of those companies which need not require CERTIFICATION by a Practicing Company Secretary, form MGT -7 has to be necessarily SIGNED by a Practicing Company Secretary.
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- EXPORT COMMERCIAL INVOICE HSN CODE
- LIC maturity claim whether taxable
- Journal entry of busniess expenses
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
