MGT-7 CLARIFICATION
Details till 31st march,15 to be entered in mgt-7
Sec.192(1) – co. secretary in practice certification
mandatory for listed co.s&co.s having PSC >
1.25 lakh co.s
require certification by C.S or C.S.P
Limit & signing u/s 192(1) – no limit
Limit for certification- 80 co.s for each F.Y
PARAGRAPH-1
Category & sub category is for validation of the form
Data will be taken on record only when procedure is filled
for this
In a F.Y , for a year
than a F.y
Principal Business- all but in a descending order
% of total turnover – total should be 100% if filling 10 OR
<10 , If filling > 10 then need not be 100%
SUBSI, JV, ASSOCIATE CO.
FCRN- No compulsion to be filled
% of shares held- not needed
SH. CAPITAL/ DEB./ SECURITIES
Issue & subscribed- 0 is also validated
Eq. shares- class of equity to be filled carefully
DETAILS OF STOCK SPLIT/ CONSOLIDATION
Value of share is 10 but taken as 5 its stock split
SHARE/DEBENTURE TILL CLOSURE
Nil only when no share/debenture transfer
If transfer of debenture , then date of registration of that
transfer need not be fulfilled
DETAILS OF FII’S
Attachment -- % of shares held wi not be validated
NO. OF PROMOTERS/DEBENTURES/SH.HOLDERS
Details of KMP
Director as per def. of co. act, 2013
MEETINGS OF MEMBERS
Talking as per mandatory committees like audit committee etc
REMUNERATION OF DIRECTORES & KMP
Gross salary to be entered, sitting fees need not be entered
in other column
Executive directors
are although WTD but they are to e enterd in point c
MATTERS RELATING TO COMPLIANCE & CERTIFICATE
Check major compliances as per MGT-8 ( helping guidance)
If, yes is entered in – forms fied after stipulated time
with additional fees & no block is activated then in attachment write-
filed but with additional fee
PENALTY
Name of the act- co. act as well as other acts
Penalty if imposed only then give it
DETAILS OF COMPOUNDING
Officers def. as per officers not asin officers in default
LIST OF SH. HOLDERS/ DEB/ HOLDERS
COMMIITTEE MEETING- % of board members attended it
TRANSFER OF SHARES- nominal value to be entered
LOAN AMT entered with interest
PAN of co. must be given
Particulars should be as on F.Y end
Within associate/subsi- 99 fields are allowed but if more
than that add it as optional attachment in 1 attachment
Refer circular 10/2015 dated 13 july,2015
If F.Y. ends prior to 1 april, 14 then 23 AC and 23 ACA
In unclassified authorized cap.- balance left after classification of shares
will form part of it.
Partly paid shares- take avg. of FV
S/403+ S/117—MGT_14 applicable
SRN of GNL-2 now validated
1ST auditor appointed in board meeting- no need
to file ADT-1
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