As per the Companies Act, 2013 the Extract of the Annual Return for the Financial Year ended 31st March, 2015 shall form part of the Director's Report in Form MGT-9.
There is another format for Annual Return, i.e., Form MGT-7 which is more detailed than MGT-9. As per my understanding MGT-9 is just an extract.
But, the MCA has come up with a Circular dated 13th July, 2015 that the Annual Return for the financial year commencing on or after 1st April, 2014 shall be filed in form MGT-7, the electronic version of which shall be available for filing latest by 30th September, 2015.
Thus, my query is whether MGT-7 is a format for annual return or an e-form which is yet to be made available for filing the Annual Return? What would be the format for preparing Annual Return, MGT-9 or MGT-7?
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