MGT-7 or MGT-7A

[vrushang shah]

Dear Members,

Company is having a turnover of Rs. 45 Crore and Paid Up Capital is 4.5 Crore.

AOC-4 is filed and approved.

But at time of Filing MGT-7, It says its a small company so file MGT-7a.

One more concerned if it mandated to file MGT-7a than MGT-8 will not be applicable for those whose T/o crossed 50 Cr.?

Any views on this.

[Gopal Rathnam]

MGT-8 is for companies with  paid‑up capital ≥ ₹10 crore OR turnover ≥ ₹50 crore. hence file 7A.

[MUNEESH SHARMA]

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[Jahanvi Malhotra]

In the given situation, you're requested to check that whether while filing the extracts of the Board Report with AOC 4, you could have checked the company as a small company.

Thanks and regards
Jahanvi Malhotra

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[CA SARIKA JAIN]

               

    This is a known MCA system issue seen in FY 2023-24 & 2024-25:

       Common reasons:

• Company was earlier classified as OPC / Small Company

• Master data not refreshed post filing AOC-4

• Backend tagging error on MCA portal

• Correct and safest approach

  • File MGT-7 (not MGT-7A)

  If portal does not allow MGT-7:

  1. Raise MCA ticket (Grievance) mentioning:

     • AOC-4 already approved

     • Company not OPC / Small Company

  2. Attach:

     • SRN of AOC-4

     • Section 2(85) computation

  Filing MGT-7A in this case is technically wrong, even if accepted by portal.

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