Clarification with regard to format of annual return applicable for Financial Year 2013-14 and fees to be charged by companies for allowing inspection of records.

Form MGT-7 applicability clarified: earlier financial years may use prior annual return forms; inspections permitted free pending company fee specification.

Form MGT-7 does not apply to companies whose financial year closed on or before the cut off; those companies must file returns in the Form applicable under the Companies Act, 1956. Where a company has not specified an inspection fee in its Articles, inspections may be allowed without levy of any fee pending specification of the requisite fee.