Purpose: The purpose of Section 92 is to ensure that every company must file an annual return containing information about its registered office, its shareholders, its directors, and other such details.
Timeline: The annual return must be filed within 60 days from the date of the Annual General Meeting (AGM) or the due date of holding the AGM, whichever is earlier.
Penalty: If a company fails to file its annual return, it may be penalized with a fine of up to INR 50,000. Additionally, the company's directors may also face imprisonment of up to six months or a fine of up to INR 5,000 or both.
Form: The annual return must be filed in Form MGT-7.
Reporting authority: The annual return must be filed with the Registrar of Companies (ROC).
