ICAI advises it’s members to file Form NFRA-2 Annual Return for reporting period 2018-19 and 2019-20 without any delay

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Categories: Important News

The ICAI issued Advisory dated October  28, 2021 to the auditors of class of companies specified in Rule 3(1), to file Form NFRA-2 Annual Return for the reporting period 2018-2019 and also for the year ending March 31, 2020, immediately without any delay, if not filed already.

As per Rule 5 of NFRA Rules 2018, it has been prescribed that the auditors of class of companies specified in Rule 3(1) are required to file an annual return with NFRA in the prescribed form (NFRA-2) on or before 30th November every year.

For the reporting period FY 2018-19, the Government had already allowed extension upto September 04, 2020.

An announcement dated May 07, 2021 and mail have already been served to the Practicing Members advising them to file the form NFRA-2 for the FY 2018-19 and FY 2019-20.

However, it has been reported by NFRA that at least 1011 auditors/audit firms have not yet filed form NFRA-2 for the reporting period 2018-19.

List is available at the link: https://nfra.gov.in/sites/default/files/NFRA2_AuditFirm_Default_1011.pdf

In this regard, members are hereby advised again to file NFRA-2 for the reporting period 2018-2019 and also for the year ending March 31, 2020, immediately, without any delay, if not filed already to avoid penal consequences.

For more details please visit https://eformnfra2.nic.in/

The Official Announcement can be accessed at: https://www.icai.org/post/advise-to-file-form-nfra-2-annual-return

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