The annual return is the yearly statement that contains comprehensive information about the company’s activities.Its main purpose is to provide essential information about the company activities and financial performance to shareholders and other interested people. It can be considered as grey literature.
Companies are divided into three categories, Class 1st, Class 2nd, and Class 3rd. And, all need to comply with the provision of filing an annual return- Those companies registered under the Companies Act, 2013 of the Companies Act, 1956 come under the First Class Categories. These companies have to file an Annual Return in Form MGT 7 within 60 days from the wrapping up of its Annual General Meeting. And, also need to file their Financial Statements in e-Form AOC-4 within 30 days.