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MGT 7A AND MGT 7

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neha

293 Points Posted on 07 February 2022

A private limited co. with a turnover of more than Rs.20 Cr and paid up capital of Rs.75 Lakhs.

When I am filling MGT-7 for the company it throws an error please fill MGT-7A it is a small co.

When I am filling MGT-7A for the same company it throws an error turnover more than Rs.20 Cr please file MGT-7.

Therefore, unable to proceed with any of the forms MGT-7 or MGT-7A. (ideally Form MGT-7 should be applicable)

TIA.

Replies (7)

Quick Summary

A private limited company with a turnover exceeding Rs. 20 Cr is encountering a technical issue when trying to file its annual returns. The system prompts for MGT-7A for small companies, but then rejects it due to the high turnover. Conversely, attempting to file the standard MGT-7 form is also blocked. This appears to be a technical glitch on the MCA portal, possibly due to the Rs. 20 Cr threshold being incorrectly applied to both forms. The user has raised a ticket with the MCA but is awaiting a response.

Chirag

Professional

1979 Points Posted on 07 February 2022

Raise ticket to MCA...

neha

293 Points Posted on 07 February 2022

Yes awaiting the reply from th

prasad Nilugal

GST Practitioner & Accounts

15146 Points Posted on 07 February 2022

From 1/4/2021 small company = Paid up capital 2 crore or less and turnover 20 crore or less .

neha

293 Points Posted on 07 February 2022

Yes I know but it is not allowing to file any of the Forms neither MGT-7 nor MGT-7A (for small companies)

Rk Gupta

90 Points Posted on 11 February 2022

This is technical error on the part of MCA technical team ideally MGT 7A should have been filed . As suggested supra raise ticket and also talk to help line. in fact MCA technical team had bracket Rs 20 CR in both forms i.e. upper limit for MGT 7A and also for MGT 7

neha

293 Points Posted on 11 February 2022

Thank you for your feedback. Have raised a ticket from past 5 days but no revert from MCA. Also since the turnover is more than 20 crores MGT-7 should be applicable.