Dear Learned Members,
As per the Companies Act, 2013 the Extract of the Annual Return for the Financial Year ended 31st March, 2015 shall form part of the Director's Report in Form MGT-9.
There is another format for Annual Return, i.e., Form MGT-7 which is more detailed than MGT-9. As per my understanding MGT-9 is just an extract.
But, the MCA has come up with a Circular dated 13th July, 2015 that the Annual Return for the financial year commencing on or after 1st April, 2014 shall be filed in form MGT-7, the electronic version of which shall be available for filing latest by 30th September, 2015.
Thus, my query is whether MGT-7 is a format for annual return or an e-form which is yet to be made available for filing the Annual Return? What would be the format for preparing Annual Return, MGT-9 or MGT-7?
CAclubindia
