MCA Updates MGT-7 | MGT-7A | MGT-15 Forms with New Disclosure Norms

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  • Last Updated on 5 June, 2025

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Management and Administration Amendment Rules 2025

Notification No. G.S.R 358(E); Dated: 30.05.2025

The Ministry of Corporate Affairs (MCA) has notified the Companies (Management and Administration) Amendment Rules, 2025, introducing significant revisions to Forms MGT-7, MGT-7A, and MGT-15. These revised forms will come into effect from 14th July 2025 and will be made available on the MCA V3 portal from the same date.

1. Key Changes in Form MGT-7 – Enhanced Shareholder and Debt Disclosure

Form MGT-7, which serves as the annual return for companies other than OPCs and small companies, now requires:

  • Summary of Indebtedness for Debentures – Companies must disclose a comprehensive summary of debenture-related borrowings, enhancing visibility of debt exposure.
  • Category-Wise Shareholder Breakup – A detailed classification of shareholders based on ownership category (such as promoters, public, institutional, and non-institutional holdings) is now mandatory.

These changes are intended to improve stakeholder insight into capital structure and financial health.

2. Key Changes in Form MGT-7A – Registered Office Verification

Form MGT-7A, applicable to One Person Companies (OPCs) and small companies, has been updated to include:

  • Photograph of Registered Office – A clear external photograph of the registered office building, displaying the company name, must now be uploaded.

This requirement aims to enhance authenticity and physical verification of the registered office location.

3. Key Changes in Form MGT-15 – AGM and Financial Year Linkage

Form MGT-15, which is filed for resolutions passed at the Annual General Meeting (AGM), will now include:

  • Financial Year Details – Companies must clearly indicate the financial year to which the AGM pertains, improving traceability and record accuracy in regulatory filings.

4. Implementation on MCA V3 Portal

All three revised forms—MGT-7, MGT-7A, and MGT-15—will be available exclusively on the MCA V3 portal starting 14th July 2025. Companies are advised to familiarise themselves with the new formats and update their compliance processes accordingly.

5. Conclusion

These amendments mark a continued effort by the MCA to strengthen corporate disclosures, enhance transparency, and ensure better digital governance. The revised forms align with the Ministry’s push for greater accountability and ease of verification in corporate filings.

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied