Hi
We filed form MGT-7 and the same is marked as ‘Defective’ by the RoC.
What to do now?
Thanks in advance!
In case of STP forms, for example annual forms MGT-7 & AOC-4, AOC-4 XBRL etc, if there is any defect or incompleteness, the same is marked by the RoC as ‘Defective’.
What does it means?
Dear Members,
While filing the details in IEPF 2 excel sheet , it does not provide an option for filing the no . of underlying shares . It was also not provided in the previous forms but they were approved but this time, it shows error and given message that IEPF-2 eForm submitted on the MCA portal vide SRN R72466709 dated 26/11/2020 has been
marked defective.
The reason is MISMATCH IN NUMBER OF UNDERLYING SHARES.
What should we do now?
Kindly reply.
Dear Members,
While filing the details in IEPF 2 excel sheet , it does not provide an option for filing the no . of underlying shares . It was also not provided in the previous forms but they were approved but this time, it shows error and given message that IEPF-2 eForm submitted on the MCA portal vide SRN R72466709 dated 26/11/2020 has been
marked defective.
The reason is MISMATCH IN NUMBER OF UNDERLYING SHARES.
What should we do now?
Dear Members,
While filing the details in IEPF 2 excel sheet , it does not provide an option for filing the no . of underlying shares . It was also not provided in the previous forms but they were approved but this time, it shows error and given message that IEPF-2 eForm submitted on the MCA portal vide SRN R72466709 dated 26/11/2020 has been
marked defective.
The reason is MISMATCH IN NUMBER OF UNDERLYING SHARES.
What should we do now?
Kindly reply.
Dear Members,
While filing the details in IEPF 2 excel sheet , it does not provide an option for filing the no . of underlying shares . It was also not provided in the previous forms but they were approved but this time, it shows error and given message that IEPF-2 eForm submitted on the MCA portal vide SRN R72466709 dated 26/11/2020 has been
marked defective.
The reason is MISMATCH IN NUMBER OF UNDERLYING SHARES.
What should we do now?
Kindly reply.
Dear All, It seems to me that form MGT-7 is defective, because in point VIII(A) where number of Directors as on 31st March should be given. I feel its wrongly made, because if 1 of 2 directors died on 31st march is it possible to appoint a director on 31st March or very unfortunately if both 2 directors were accidently killed, then just for the sake of form MGT-7 is it possible to appoint directors on 31st March. Sec 174 says if No quorum is there for the purpose of the quorum he can appoint a Director, so one can appoint as per the provisions of the act. Then as per sec.152 Director shall give his consent to act as director, then obviously as per the spirit of the law/ intent of the law, he has to give his consent on the date when he is getting appointed(NOT on BACK DATED). IS IT possible to ask someone to give consent letter on 31st March Where 1 of the both Director was died. Is it possible to hold a person not to die on 31st march? Death is act of god, how this Form MGT-7 Would not accept when only 1 Director on the Board. Any other views are solicited.
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