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Principal Business Activity Codes for Form MGT-7 and MGT-7A: Complete NIC-2008 List

Summary: Companies filing their annual returns in Form MGT-7 or MGT-7A must disclose their principal business activities using the appropriate Main Activity Group Code and Business Activity Code. These classifications are based on the National Industrial Classification (NIC-2008) and provide a standard framework for identifying the nature of economic activities carried on by companies. Main Activity Group Codes, represented alphabetically from A to S, identify broad business sectors such as agriculture, manufacturing, construction, financial services, professional services and education. The corresponding numerical Business Activity Codes identify specific activities within each group. Accurate classification ensures consistency in information reported to the Registrar of Companies under Section 92 of the Companies Act, 2013. While selecting codes, companies should examine their actual business operations rather than relying solely on their corporate name, objects clause or proposed activities. Where multiple activities are carried on, the applicable codes should be selected with reference to the nature of operations and turnover attributable to the respective business activities. The following comprehensive classification table provides a ready reference for identifying the relevant Main Activity Group and Business Activity Codes when preparing annual returns in Forms MGT-7 and MGT-7A.

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Introduction

The annual return filed by a company in Form MGT-7 or MGT-7A requires disclosure of the principal business activities carried on by the company. For this purpose, the company is required to identify the appropriate Main Activity Group Code and Business Activity Code corresponding to its business operations.

The classification of business activities is based on the National Industrial Classification (NIC-2008), which provides a systematic framework for classifying economic activities into different groups and categories. This classification facilitates uniform reporting and identification of the nature of business activities undertaken by companies.

Types of Principal Business Activity Codes

The classification consists of two levels:

  • Main Activity Group Code: Represents the broad category under which the principal business activity of the company falls.
  • Business Activity Code: Represents the specific nature of business activity undertaken within the relevant Main Activity Group.

The Main Activity Groups are identified alphabetically, from A to S, with corresponding numerical Business Activity Codes. Companies should identify the codes that most appropriately represent their principal business activities.

While selecting the appropriate business activity code, a company should carefully examine the nature of its actual business operations rather than relying merely on its name, objects clause or proposed business activities. Where a company carries on multiple business activities, the principal activity should be identified in accordance with the applicable MGT-7/MGT-7A reporting requirements and the relevant turnover information.

Complete List of Main Activity Group Codes and Business Activity Codes

Main Activity Group Code Description of Main Activity Group Business Activity Code Description of Business Activity
A Agriculture, forestry, fishing 01 Crop and animal production, hunting and related service activities
02 Forestry and logging
03 Fishing and aquaculture
B Mining and quarrying 05 Mining of Coal and lignite
06 Extraction of Crude Petroleum & Natural gas
07 Mining of Metal Ores
08 Other Mining & Quarrying Activities
09 Mining Support Services activities
C Manufacturing 10 Manufacture of Food products
11 Manufacture of Beverages
12 Manufacture of Tobacco products
13 Manufacture of Textiles
14 Manufacture of Wearing Apparel
15 Manufacture of Leather and related products
16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
17 Manufacture of paper and paper products
18 Printing and reproduction of recorded media
19 Manufacture of coke and refined petroleum products
20 Manufacture of chemicals and chemical products
21 Manufacture of pharmaceuticals, medicinal chemical and botanical products
22 Manufacture of rubber and plastics products
23 Manufacture of other non-metallic mineral products
24 Manufacture of basic metals
25 Manufacture of fabricated metal products, except machinery and equipment
26 Manufacture of computer, electronic and optical products
27 Manufacture of electrical equipment
28 Manufacture of machinery and equipment n.e.c.
29 Manufacture of motor vehicles, trailers and semi-trailers
30 Manufacture of other transport equipment
31 Manufacture of furniture
32 Other manufacturing
33 Repair and installation of machinery and equipment
D Electricity, gas, steam and air condition supply 35 Electric power generation, transmission and distribution
E Water supply, sewerage and waste management and remediation activities 36 Water collection, treatment and supply
37 Sewerage
38 Waste collection, treatment and disposal activities, materials recovery
39 Remediation activities and other waste management services
F Construction 41 Construction of Buildings
42 Civil Engineering
43 Specialized Construction Activities
G Wholesale and retail trade; repair of motor vehicles and motorcycles 45 Wholesale and retail trade; repair of motor vehicles and motorcycles
46 Wholesale trade, except of motor vehicles and motorcycles
47 Retail trade, except of motor vehicles and motorcycles
H Transportation and storage 49 Land Transport and transport via pipelines
50 Water transport
51 Air transport
52 Warehousing and support activities for transportation
53 Postal & Courier activities
I Accommodation and Food Services activities 55 Accommodation
56 Food and beverage service activities
J Information and communication 58 Publishing activities
59 Motion picture, video and television programme production, sound recording and music publishing activities
60 Broadcasting and programming activities
61 Telecommunications
62 Computer programming, consultancy and related activities
63 Information service activities
Main Activity Group Code Description of Main Activity Group Business Activity Code Description of Business Activity
K Financial and insurance activities 64 Financial service activities, except insurance and pension funding
65 Insurance, reinsurance and pension funding, except compulsory social security
66 Other financial activities
L Real Estate activities 68 Real Estate activities
M Professional, Scientific and Technical activities 69 Legal and accounting activities
70 Activities of head offices; management consultancy activities
71 Architecture and engineering activities; technical testing and analysis
72 Scientific research and development
73 Advertising and market research
74 Other professional, scientific and technical activities
75 Veterinary activities
N Administrative and support service activities 77 Rental and leasing activities
78 Employment activities
79 Travel agency, tour operator and other reservation service activities
80 Security and investigation activities
81 Services to buildings and landscape buildings
82 Office administrative, office support and other business support activities
O Public administration and defence; compulsory social security 84 Public administration and defence; compulsory social security
P Education 85 Education
Q Human health and social work activities 86 Human Health activities
87 Residential care activities
88 Social work activities without accommodation
R Arts, entertainment and recreation 90 Creative, arts and entertainment activities
91 Library, archives, museums and other cultural activities
92 Gambling & betting activities
93 Sports activities and amusement and recreation activities
S Other services activities 94 Activities of membership organisations

Accurate Reporting of Principal Business Activities in Annual Returns

Correct identification and reporting of Principal Business Activity Codes ensure consistency and accuracy in the annual return filed with the Registrar of Companies. The following classification table serves as a ready reference for identifying the relevant Main Activity Group Code and Business Activity Code while preparing Form MGT-7/MGT-7A.

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Author Info

Amatullah Subedar
Qualification: Student - CA/CS/CMA
Company: CS firm
Location: Surat, Gujarat
Articles Published: 4

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