MGT-14 : Filing of Resolution/Agreement with ROC

Companies are incorporated with the Ministry Of Corporate Affairs (MCA) in India. And the activities of incorporated companies are monitored by the Registrar of Company (ROC). MGT-14 is used to file certain resolutions and agreement passed at the meeting of the Board of Directors/Shareholders/Creditors of the company. The following documents of a company can be filed with the ROC via MGT-14:

  • Resolution(s),
  • Agreement(s),
  • Postal Ballet Resolution(s) under section 110,
  • Proposed resolution under section 94(1).

Who can file MGT-14?

MGT-14 can be filed by any company incorporated under the Companies Act 2013/Companies Act 1956 for the following events/transactions:

  • Alteration of MOA,
  • Private Placement in the company,
  • Alteration of AOA,
  • Alteration of Object Clause of the company,
  • Change in objects of the company in case the company has a un-utilised amount of money raised through the issue of the prospectus,
  • Conversion from private to public company,
  • Conversion from the public to a private company,
  • Issue further shares to persons (whether or not including existing shareholders or employees),
  • Issue of further shares to employees under a scheme of employees’ stock option,
  • Reclassification of Shares of the company,
  • Issue of sweat equity shares
  • To apply to a court to wind- up the company
  • Issue of Global Depository Receipts in any foreign country
  • Voluntary winding up of the company under section 304,

Information Required to file MGT-14

The following information is required to file MGT-14:

  • CIN of the company,
  • Type of Event,
  • Date of Notice and Date of Passing Resolution for an event,
  • Details of the resolution/agreement passed on that event,
  • Supporting/Attachments.

Steps to file MGT-14

  1. Access the MCA Portal

    Go to mca.gov.in, and login with your Credentials for filing MGT – 14

  2. Login to your account

    Next, Login to your account on MCA by entering your credentials there.

  3. Click on Upload e-Forms

    You will find a option to upload e-forms there. click on that option.

  4. Click Normal Forms > Browse

    Click on Normal Forms and click on Browse to upload saved MGT-14.

  5. Save SRN & make payment.

    Once the form is uploaded successfully, SRN (Service Request Number) will be generated. Save the SRN to make payment of form fees. The form will be processed once the payment of form fees is done.

MGT-14 gets processed by the authority concerned and not by Straight Through Process. Hence an email will be sent to the company once form gets successfully processed.
Tip
MGT-14 gets processed by the authority concerned and not by Straight Through Process. Hence an email will be sent to the company once form gets successfully processed.

Fee of MGT-14

MGT-14 needs to be filed within 30 days from the date of passing the resolution/agreement. In the case of IFSC MGT-14 needs to be filed within 60 days. The fee of form depends on the company capital structure:

  • A company having a share capital,
  • A company not having a share capital.

In the case of a company having a share capital

Nominal Share Capital Fee Applicable
Less than 1,00,000 INR. 200
1,00,000 to 4,99,999 INR. 300
5,00,000 to 24,99,999 INR. 400
25,00,000 to 99,99,999 INR. 500
1,00,00,000 or more INR. 600

In the case of a company not having a share capital

Fee Applicable
Rupees INR. 200 per document

Additional Fees

Period of Delays All Forms
Up to 30 days 2 times of normal fees
More than 30 days and up to 60 days 4 times of normal fees
More than 60 days and up to 90 days 6 times of normal fees
More than 90 days and up to 180 days 10 times of normal fees
More than 180 days 12 times of normal fees

Additional fees are applicable when a form is filed after 30 days from the event date. In the case of IFSC, additional fees will be applicable after 60 days from the date of the event.

FAQs

Who needs to file MGT-14?

MGT-14 needs to be filed by all the companies for the following resolutions:
> Board Resolution passed by the company other than Private Limited Company,
> Special Resolution passed by all the company.

Can I file one MGT-14 for all the events/agreement of the company?

No. For each event/agreement, separate MGT-14 needs to be filed with the ROC.

When should MGT 14 be filed?

eForm MGT 14 needs to be filed with the ROC within 30 days from the date of passing of resolution or formulating the agreement

Got Questions? Ask Away!

  1. Hi @Anamika_Sharma

    A company can file any resolution, whether a board resolution or general meeting resolution in e-Form MGT-14 within 30 days of passing of such resolution.

    Hope this helps!