THE END - MGT-9 - Requirement Series - 377
Since previous some days many professionals have asked one question to “Whether MGT-9 is required to be preparing for F.y. 2017-18 or not”.
As per CA, 2013 section 134, Companies was required to prepare MGT-9 extract of Annual Return and such MGT-9 was required to file with Directors Report.
However, this provision has been amended by CAA, 2017 w.e.f. 31.7.2018 i.e. as per notification dated 31st July, 2017 provision in relation to MGT-9 has been removed from Section 134 and a new provision I added i.e. “the web address, if any, where annual return referred to in sub-section (3) of section 92 has been placed”.
FIRST: Notification of Section 134 of Amendment Act, 2017
SECOND: Section 134 of Amendment Act, 2017
Note: As per above mentioned two screen shot
i. First: Notification of Section 36 of Companies Amendment Act, 2017
ii. Second: Section 36 of Companies Amendment Act, 2017 or can say section 134 of Companies Act, 2013.
Therefore, one can opine that w.e.f. 31st July, 2018
I. OPC and Small Company shall prepare directors report as per Rule 8A and rule 8A states “the web address, if any, where annual return referred to in sub-section (3) of section 92 has been placed”
II. Companies other than OPC and Small Company follow section 134 and section 134 states “the web address, if any, where annual return referred to in sub-section (3) of section 92 has been placed”
Link for Draft Directors Report:
FAQ’s Annual Filing:
(Author – CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at firstname.lastname@example.org). Disclaimer: The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, I assume no responsibility therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not a professional advice and is subject to change without notice. I assume no responsibility for the consequences of use of such information. IN NO EVENT SHALL I SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION