- narayansnehil
ANNUAL RETURN - SECTION 92, INDIAN COMPANIES ACT, 2013
Updated: Nov 2, 2022
#annualreturn #section92 #indiancompaniesact #companyact #law #sec92 #indiancompaniesact2013
Every company shall prepare an annual return in the prescribed form, namely Form No. MGT.7, containing the particulars as they stood on the financial year regarding -
its registered office, major business activities, particulars of its holding, subsidiary, and associate companies.
its shares, debenture, and other securities and shareholding pattern.
its members and debenture-holders along with changes therein since the close of the previous financial year.
its promotors directors, managers along with changes therein since the close of the previous financial year.
meeting of members or a class thereof, Boards and its committees along with attendance details.
remuneration of directors and managers.
penalty or punishment imposed on the company, its directors, or officers and detail of compounding of offenses and appeals made against such penalty or punishment.
the matter relating to certification of compliances, disclosures as may be prescribed.
details, as they may be prescribed, in respect of shares held by or on behalf of the Foreign Institutional Investors and such other matters as may be prescribed.
SIGNING AND FILING OF THE ANNUAL RETURN
The annual return shall be signed by a director and the company secretary. If there is no company secretary, it has to be signed by a company secretary in practice.
But in One Person Company and small company, the annual return shall be signed by the company secretary, or where there is no company secretary, by the director of the company.
Every company shall place a copy of the annual return on the website of the company if any, and the web link of such annual return shall be disclosed on the board's report - sub-section 3 of the companies act.