MGT-7A Filing Error? You Pay ₹5,000 Personally

The Registrar of Companies penalised an authorised signatory personally for incorrect MGT-7A annual return filing. If you are a director or signatory of a small company, incomplete board meeting disclosures can now trigger personal fines under the Companies Act.

Here's what happened: ROC Mumbai II imposed a ₹5,000 penalty on the authorised signatory of a company for submitting an MGT-7A annual return with incomplete board meeting disclosure details.. The penalty was levied under Section 450 of the Companies Act 2013, which covers contraventions where no specific penalty is separately prescribed — a catch-all provision.. MGT-7A is the simplified annual return form mandated for small companies and One Person Companies; errors in this form, even minor ones, now attract regulatory action..

What you should do: Review your last MGT-7A filing immediately — check that every board meeting date, attendance record, and resolution detail is accurately filled in before the ROC flags it.. Confirm with your CA or compliance consultant that you are not listed as an authorised signatory on any company filing you have not personally reviewed and verified.. If you run a small company or OPC, set a calendar reminder 45 days before your annual return due date to begin gathering board meeting records so disclosures are complete and accurate..

Even resigning as a director does not automatically remove your signatory liability for filings made during your tenure — always request written confirmation of your removal from ROC records.

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