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    Definition of Small Company and Form MGT-7 / 7A

    Posted By : SHALU / Published on : 05-Oct-2021 11:24 AM / View : 624 / Comment : 0

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    Dear All,

    The Turnover of a Company for the Financial Year ended on 31st March 2020 is 25 Crores and the Turnover of the Company as at 31st March 2021 is 17 Crores. Now, when I am trying to file Form MGT-7, I am getting the message to file Form MGT-7A.

    In my opinion it is not a Small Company, because as per last P&L A/C (i.e., as at 31st March 2020), the Turnover is 25 Crores.

    Now, what should I do ? Proceed with filing Form MGT 7A or raise a ticket to MCA
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