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Transfer of shares

R.K.Kothari (Others) (103 Points)

22 August 2019

If shares are transferred after financial year 31.3.2019 but before AGM in July,
are they to be shown in transfer of shares in MGT 7 filing this year or next year.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177824 Points)
Replied 22 August 2019

Next Year.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177824 Points)
Replied 22 August 2019

Section 92(1) of the Companies Act deals with the filing of MGT-7 or company annual return. Section 92 is reproduced below for reference:

Section 92(1): Every company shall prepare a return (hereinafter referred to as the annual return) in the prescribed form containing the particulars as they stood on the close of the financial year regarding—

(a) its registered office, principal business activities, particulars of its holding, subsidiary and associate companies;

(b) its shares, debentures and other securities and shareholding pattern;

(d) its members and debenture-holders along with changes therein since the close of the previous financial year;

(e) its promoters, directors, key managerial personnel along with changes therein since the close of the previous financial year;

(f) meetings of members or a class thereof, Board and its various committees along with attendance details;

(g) remuneration of directors and key managerial personnel;

(h) penalty or punishment imposed on the company, its directors or officers and details of compounding of offences and appeals made against such penalty or punishment;

(i) matters relating to certification of compliance s, disclosures as may be prescribed;

(j) details, as may be prescribed, in respect of shares held by or on behalf of the Foreign Institutional Investors indicating their names, addresses, countries of incorporation, registration and percentage of shareholding held by them; and

(k) such other matters as may be prescribed, and signed by a director and the company secretary, or where there is no company secretary, by a company secretary in practice:

Provided that in relation to 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.