Institute of Companies Secretaries of India (ICSI) has released revised edition of Draft Guidance Note on Annual Return.

As per ICSI the said Guidance Note is intended to explain various features relating to Annual Return under the Companies Act, 2013 and to guide the professionals in filling, filing and certifying the MGT-7 for uploading at MCA portal. Apart from explaining statutory provisions, it aims to provide a checklist for signing and certifying eform MGT-7 along with a draft management representation letter for signing and certifying Annual Return.

The Guidance Note has been divided into various parts each defined by a suitable content heading  as under:

Introduction
Glossary of terms
What is an Annual Return
Contents of Annual Return
Signing of the Annual Return
Certification of Annual Return
Scope and Extent of work for PCS
Scrutiny of Annual Return
Professional Fees
Place of keeping Annual Return
Inspection of Annual Return
Preservation of Annual Return
Registers, etc. to be evidence
Annual Return as evidence
Statutory Fees
Professional Responsibility and Penalty for False Statement
Consequences of not filing Annual Return
Compounding of offences
Extract of Annual Return MGT -9
Signing of the extract of Annual Return
Points for Verification for Filling of Form MGT-7
Annexure-1 Checklist for signing of eForm MGT-7
Annexure-2 Draft format of Management Representation Letter
Annexure-3 Checklist for certification of Annual Return (MGT-8)
Annexure-4 Suggested Formats for MGT- 8
Extract of relevant Sections and Rules
Form MGT 7
Business Activity Codes for MGT-7
Form MGT 8 128 Form MGT 9

Download ICSI Draft Guidance Note on Annual Return (Revised Edition) Click Here >>