MCA Notifies Revised Forms MGT-7, MGT-7A, and MGT-15 Under Companies Management and Administration Amendment Rules
MCA has notified revised Forms MGT-7, MGT-7A, and MGT-15 under the Companies (Management and Administration) Amendment Rules, 2025, effective from July 14, 2025.
MCA Notifies Revised Forms MGT-7, MGT-7A, and MGT-15 The Ministry of Corporate Affairs (MCA) issued a critical update via Notification No. G.S.R. 358(E) dated May 30, 2025, marked a huge shift in the compliance landscape for Indian companies under the Companies Act, 2013. What's Changing? The MCA has substituted the existing statutory forms: MGT-7 – Annual Return...
MCA Notifies Revised Forms MGT-7, MGT-7A, and MGT-15
The Ministry of Corporate Affairs (MCA) issued a critical update via Notification No. G.S.R. 358(E) dated May 30, 2025, marked a huge shift in the compliance landscape for Indian companies under the Companies Act, 2013.
What's Changing?
The MCA has substituted the existing statutory forms:
- MGT-7 – Annual Return for companies other than One Person Companies (OPCs) and small companies.
- MGT-7A – Annual Return for OPCs and small companies.
- MGT-15 – Report on the Annual General Meeting (AGM).
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These revised versions have been introduced under the Companies (Management and Administration) Amendment Rules, 2025, with the updated forms replacing the older ones in the official annexure.
The revised forms will come into force from 14th July 2025.
Key Objectives of the Change:
- Digital and structural modernization: The new forms are more detailed and aligned with current digital filing practices and corporate governance requirements.
- Increased disclosure requirements: Enhanced formats include specific data points like:
- Detailed shareholding patterns
- AGM-related particulars
- Board meetings and KMP disclosures
- Financial highlights like net worth and turnover
- Compliance clarity: The updated forms streamline reporting and are expected to reduce ambiguities in statutory submissions.
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Form Overview:
- Form MGT-7 (Revised) includes:
- A photo of the registered office
- Registrar and Transfer Agent (RTA) details
- Shareholding patterns (promoters and public)
- Capital structure, AGM status, and more
- Form MGT-7A (Revised) tailors similar disclosures specifically for OPCs and small companies, with simplifications in capital and meeting disclosures.
- Form MGT-15 (Revised) now requires:
- Detailed summary of proceedings of the AGM
- Confirmation of statutory compliances regarding meeting conduct
- Disclosures about quorum, resolutions passed, and any adjournments
Action Required by Companies and Professionals:
- Transition planning: Companies should prepare to use the revised forms for filings related to financial years ending on or after 14th July 2025.
- Professional review: Company Secretaries and compliance officers must familiarize themselves with the updated requirements to avoid penalties for incorrect or incomplete filings.
- System readiness: MCA21 portal users should anticipate form updates and ensure digital signatures and document formats comply with the new specifications.
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