All companies registered in India, including private limited companies, one person companies (OPCs), public limited companies, and section 8 companies, are required to file their MCA annual return and income tax return each year.
Every company, except for OPCs, must conduct its Annual General Meeting (AGM) at the end of each financial year and file an annual return with the Ministry of Corporate Affairs (MCA) to remain compliant. Newly incorporated companies must hold their first AGM within 18 months of incorporation or 9 months from the end of the financial year, whichever comes first. Subsequent AGMs should be held within 6 months from the end of each financial year. In India, the financial year typically runs from April 1 to March 31, so a company’s annual return is due on or before the prescribed date following this period.
The Annual Return (Form MGT-7) must include the following information and Documents:
- Balance Sheet of the Company and Profit & Loss Account
- Compliance Certificate
- Registered Office Address
- List of shareholders and their shareholding structure
- Details of transfers and/or transmission of securities
- Shares and debentures details
- Changes in directorship
NOTE:-signing :-The Annual Return must be signed by a director and the company secretary. If there is no company secretary, it should be signed by a company secretary in practice. For a One Person Company or a small company, the return can be signed by the director if no company secretary is available.
NOTE :- According to Section 92 of the Companies Act, 2013, every company must prepare its annual return in Form MGT-7. Listed companies or those with a paid-up share capital of ₹10 crore or more or a turnover of ₹50 crore or more must have their annual return certified by a Company Secretary in practice, using Form MGT-8.
In addition to the MCA annual return, companies are also required to file an income tax return regardless of their income, profit, or loss. This includes dormant companies with no transactions. Private limited companies, public limited companies, and one person companies need to file Form ITR-6. The due date for filing the income tax return is on or before September 30.
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How we Help with Company Annual Filing
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