Mgt-7

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Shobhit Jain

Shobhit Jain (Querist)
Follow

29 July 2019 Whether CS sign is mandatory on MGT-7?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

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

CA Mayur Todmal

CA Mayur Todmal (Expert)
Follow

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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

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.

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