Annual return & director report for section 8 companies

Hello Friends,

I have a doubt regarding preparation of Director Report for a Section 8 Company (limited by members).

1. Whether Annual Return MGT-7 is applicable to this company?

2. If not applicable means whether the old procedure can we follow under 1956 Act?.

3. How can we prepare the Extract of Annual Return on the Director report?

Kindly clarify. 

Thank you.