MCA Revises Form MGT-7: What Company Secretaries and Corporates Must Know


	Home About Us About the Firm Our Team Vision & Mission Why Us Career Registrations Start Your Business Compliances Tax Compliances Services Due Diligence of Company Transaction Advisory ITR Blog Regulatory Company Law RBI SEBI FEMA Income Tax Excise Matters Gallery Knowledge Bank Calculators GST Calculator Tax Calculator TDS Calculator Calculate Net Profit Calculate Net Worth Effective Capital HRA NSC EMI Auto Loan Calculator Home Loan Calculator Get No. Of Installment RERA Calculator Developers Calculator Home Buyer Delay Interest Home Buyer Refund Bulletins RBI SEBI Notification Circular Income Tax Service Tax Central Sales Tax Excise Matters Customs Company Law Labour Laws FEMA The LLP Act 2008 Accounting Standard (INDAS) Others GST VAT Delhi VAT Maharastra VAT Gujarat VAT Telangana VAT Tamil Nadu VAT IGST UTGST Compensation Cess IBC Regulation Utilities Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Depreciation Rates Companies Act Depreciation Rates Income Tax Act ROC Filing Fees (Cos Act, 2013) ROC Fee Structure (Cos Act, 2013) Cost Inflation Index IFSC Codes MICR Codes Rates of NSC Interest Gold and Silver Rates Rates of Stamp Duty LLP Fees National Industries Classification HSN Rate List Deduction u/s 80TTA Vs 80TTB Links Quick Links Important Links GST/VAT Links Ease Of Doing Business Acts Direct Tax Income Tax Act Wealth Tax Act Income Declaration Scheme 2016 Indirect Tax Service Tax(Finance Act, 1994) Central Sales Tax Act, 1956 The Central Excise Act, 1944 Customs Act, 1962 Entry Tax Act Corporate Laws Companies Act, 2013 Companies Act, 1956 LLP ACT SEBI Act, 1992 Company Secretaries Act, 1980 VAT Laws Delhi Value Added Tax Act, 2004 MVAT Act, 2002 West Bengal VAT Act, 2003 Tamilnadu VAT ACT, 2006 Karnataka Value Added Tax Act, 2003 Gujarat Value Added Tax Act, 2003 UP VAT Act, 2008 Rajasthan Value Added Tax Act, 2003 Punjab Value Added Tax Act Haryana Value Added Tax Act Telangana VAT Act 2005 Andhra Pradesh VAT Act, 2005 Bihar Value Added Tax Act, 2005 Other Statutes ESI Act, 1948 PF Act, 1952 Profession Tax Act The Indian Partnership Act, 1932 Societies Registration Act, 1860 Competition Act, 2002 Reserve Bank of India Act, 1934 MRTP Act, 1969 Equalisation Levy Act, 2016 Right To Information Act, 2005 FEMA, 1999 Maharashtra RERA RERA, 2016 Insolvency & Bankruptcy Code, 2016 Benami Property Act 1988 GST Laws IGST Act , 2017 CGST Tax Act, 2017 UTGST Act, 2017 GST (Compensation to States) Act Rules Direct Tax Rules Income Tax Rules Wealth Tax Rules 1957 Income Declaration Scheme Rules 2016 Indirect Tax Rules GST Valuation Rules , 2016 Service Tax Rules CST (Delhi) Rules, 2005 CST (Maharashtra) Rules Customs Valuation Rules Cenvat Credit Rules, 2017 Entry Tax Rules Corporate Laws Rules Companies Rules, 2014 LLP Rules, 2009 LLP Winding up Rules, 2012 Cos Unpaid Dividend Rules, 1978 VAT Laws Rules Delhi VAT Rules, 2005 Maharashtra VAT Rules, 2005 West Bengal VAT Rules, 2005 Tamilnadu VAT Rules, 2007 Karnataka VAT Rules, 2005 Gujarat VAT Rules, 2006 Uttar Pradesh VAT Rules, 2008 Rajasthan VAT Rules, 2006 Punjab VAT Rules Haryana VAT Rules, 2003 Telangana VAT Rules 2005 Andhra Pradesh VAT Rules, 2005 Bihar Value Added Tax Rules, 2005 Other Statutes Profession Tax Rules NBFC Deposits Directions, 1998 NBFC & Misc NBC (Advt) Rules, 1977 NBFC Auditor Report Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Baggage Rules, 2016 Equalisation Levy Rules, 2016 NCLT And NCLAT Rules Insolvency & Bankruptcy Rules Benami Property Rules, 2016 GST Rules CGST Rules, 2017 IGST Rules 2017 Forms Income Tax Forms ROC Forms (Cos Act, 2013) ROC Forms (Cos Act, 1956) Income Declaration Forms Wealth Tax Forms Service Tax Forms Companies Unpaid Dividend Forms NBFCs Forms LLP Winding up FEMA Forms LLP Forms CGST Forms GST Forms Accounts and Records Advance Ruling Appeals and Revision Assessment and Audit Composition Demands and Recovery Input Tax Credit Inspection, Search and Seizure Offences and Penalties Payment of Tax Refund Registration Returns Transitional Provisions Value of Supply Admin Login Email Login Time Sheet Contact Us


	Blog Categories All Audit and Assurance (0) COMPANY LAW (5) FEMA (7) GST (1) Income Tax (3) Labour Law (0) MCA (1) MISC. (8) RBI (0) SEBI (3) Startups (38) TRADEMARK (44) MCA Revises Form MGT-7: What Company Secretaries and Corporates Must Know Category: MCA, Posted on: 09/07/2025 , Posted By: VGC Visitor Count:99 MCA Revises Form MGT-7: What Company Secretaries and Corporates Must Know In a significant move aimed at enhancing corporate transparency and streamlining annual return filings, the Ministry of Corporate Affairs (MCA) has revised Form MGT-7, applicable to companies other than One Person Companies (OPCs) and small companies. The revised form will come into effect from July 14, 2025, and will be available exclusively on the MCA V3 portal. These updates signal a shift toward more digital, data-driven, and disclosure-intensive compliance, emphasizing accountability and accuracy. 🔍 Key Changes in the Revised MGT-7 The revised form introduces several structural and disclosure-based updates. Here’s a snapshot of what has changed: 1. Excel-Based Upload for Shareholder & Debenture Holder Details Gone are the days of uploading scanned PDFs. An Excel template will now be required to report detailed data of shareholders and debenture holders, making the process more structured and analyzable. 2. Gender-Wise Shareholding Disclosure In a move towards inclusive corporate data reporting, companies must now disclose the gender of shareholders. This supports broader regulatory and ESG-related assessments. 3. Mandatory Photograph of Registered Office A clear image showing the name board at the company's registered office must be submitted, ensuring the physical presence and visibility of entities. 4. Meeting Disclosures via Excel Details of board meetings, shareholders’ meetings, and committee meetings must be reported using an Excel attachment, ensuring uniformity and precision in reporting attendance and quorum compliance. 5. Disclosure of Name & Address as of Financial Year-End Companies are required to confirm their name and registered office address as they stood on the last date of the financial year. 6. New Section for Beneficial Ownership & Designated Persons An added layer of transparency: the form now seeks data on beneficial owners and designated persons within the company structure. 7. Linked Filing of MGT-8 The certification by a practicing professional (Form MGT-8) is now seamlessly linked to MGT-7, enabling integrated filing and reducing redundancy. 8. Hybrid Filing Support Basic data entry can be done online, while detailed disclosures can be uploaded through Excel-based templates, offering flexibility in filing modes. 9. Data Privacy Boost To protect sensitive information, shareholder details will not be visible in the final downloadable version of the annual return. 10. Simplified Design Unnecessary or repetitive columns have been removed, resulting in a more user-friendly filing experience. 11. Insolvency and Liquidation Companies Can File MGT-7 Companies undergoing CIRP (Corporate Insolvency Resolution Process) or liquidation can now file their annual return through the portal, promoting better compliance even in distressed situations. ⚖️ Compliance Considerations for Professionals Company Secretaries and corporate compliance professionals must begin preparing their clients for these changes. Here’s what needs attention: Educate stakeholders about gathering gender-wise shareholder data. Ensure registered office photos are captured in high quality and show the name board clearly. Update internal records with meeting attendance and dates for Excel-based reporting. Identify designated persons and beneficial owners for proper disclosure. Confirm name and address records match those existing at the year-end. Guide CIRP/liquidation companies on their eligibility and filing process for MGT-7. 💡 Why It Matters This reform by the MCA is not just procedural—it’s a leap toward enhanced transparency, digitization, and data accuracy in corporate governance. The revised MGT-7 supports: Efficient data analysis by regulators, Reduced manual errors, Improved user experience for companies, Better ESG and gender-diversity reporting. Early adaptation is key—professionals and corporates must familiarize themselves with the revised format well before the July 2025 implementation to avoid last-minute hiccups, penalties, or delays. Stay informed. Stay compliant. The revised MGT-7 is more than a form—it's a framework for transparent corporate reporting in the digital age. Disclaimer: The content of the blog does not create any responsibility of the firm / its authorized persons whose website is being accessed. The blog is not for legal use. Kindly verify the correctness of data/contents from your own sources. This is only for information purpose. Add a Comment Name: Your Comment: View Comments (0)

44056 Times Visited

Want to know more ?