The MCA has notified 5 March, 2021 as the date of enforcement of Section 23(i) of the Companies (Amendment) Act, 2017. Section 23(i) amends Section 92 (Annual Return) of the Companies Act, 2013 to, among others, empower the Central Government to prescribe abridged form of annual return for One Person Company, small company and such other class or classes of companies, as may be prescribed.

The Companies (Management and Administration) Rules, 2014 have been amended to provide that One Person Company and small company shall file annual return from FY 2020-2021 in an abridged Form MGT – 7A. Every other company shall continue filing annual return in a substituted Form MGT-7.

Rule 12, which required an extract of annual return to be filed with the Registrar in Form MGT – 9 is also substituted to prescribe that a copy of the annual return is to be filed with the Registrar along with the specified fees.

To refer to the notification of enforcement of Section 23(i) of the Companies (Amendment Act), 2017, dated 5 March 2021, click here.

To refer to the Companies (Management and Administration (Amendment) Rules, 2021 dated 5 March 2021, click here.