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NFRA

Latest Articles


Unveiling Professional Misconduct: NFRA’s Order on Seya Industries Limited’s Statutory Audit

Company Law : The Order No. 002/2024 Date: 05.01.2024, centered around CA Anil Chauhan, the Engagement Partner (EP) of Anil Chauhan & Associates...

January 11, 2024 882 Views 0 comment Print

NFRA Debars Chartered Accountants & Firms: Understanding the Implications

Company Law : Explore the implications of recent debarments by the National Financial Reporting Authority (NFRA) on Chartered Accountants and fi...

August 12, 2023 1692 Views 0 comment Print

Coffee Day Global Limited (CDGL) – NFRA Orders & Auditing Standards

Company Law : Coffee Day Enterprises Limited (CDEL) operates in various sectors, including coffee retailing, logistics, financial services, and...

August 2, 2023 3000 Views 2 comments Print

Summary & Checklist for CAs to avoid NFRA penalty proceedings

Company Law : Stay compliant and avoid NFRA penalty proceedings with this summary and checklist for Chartered Accountants. Learn from the case o...

April 29, 2023 5784 Views 0 comment Print

Analysis of Recent Judgments by NFRA against Auditors

Company Law : Explore the recent judgments by NFRA against auditors in India. Learn from the analysis of violations, including unauthorized appo...

April 10, 2023 14622 Views 0 comment Print


Latest News


ICAI CCM Dhiraj Khandelwal clarifies on NFRA Order

Company Law : Delve into the NFRA order controversy with detailed analysis on penalty imposition, opinion disparities, and key issues. Gain insi...

April 30, 2024 10209 Views 0 comment Print

FRQRR Analysis: NFRA Review of PSP Projects Ltd. Financial Reporting Quality

Company Law : Dive into NFRA detailed Financial Reporting Quality Review (FRQRR) of PSP Projects Ltd. Uncover high and low impact observations, ...

February 24, 2024 639 Views 0 comment Print

RFP: Appointment of CA Firms/LLP/Proprietorship for NFRA’s Accounting & Taxation

CA, CS, CMA : Explore NFRA's RFP for Chartered Accountant firms/LLPs/Proprietorships to compile, verify books, handle taxation matters. Key date...

January 19, 2024 1734 Views 0 comment Print

MCA Unveils Draft Policy for Transparent Rule & Regulation Making

Corporate Law : Explore the Ministry of Corporate Affairs draft policy for pre-legislative consultation and a comprehensive review of rules and re...

January 16, 2024 474 Views 0 comment Print

NFAR Annual Report 2022-23

Company Law : The NFAR Annual Report for 2022-23 reflects a pivotal year marked by significant achievements and milestones. This comprehensive r...

January 13, 2024 1203 Views 0 comment Print


Latest Judiciary


Delhi HC Denies Interim Relief on NFRA Penalties in Reliance Capital Audit

Corporate Law : Delhi High Court refuses interim relief against NFRA penalties imposed on CAs and CA firm in the Reliance Capital audit lapses cas...

May 17, 2024 4698 Views 0 comment Print

Delhi HC stays NFRA Proceedings on alleged Section 80JJA Report Misconduct by CA

Corporate Law : Delhi High Court halts NFRA proceedings against CA Unnikrishnan Menon, challenging show cause notice for irregularities in Quess C...

January 23, 2024 1095 Views 0 comment Print


Latest Notifications


NFRA Penalized Audit Firm & CA for negligence & inadequate due diligence

Corporate Law : Explore NFRA Order No. 019/2024 detailing penalties imposed on M/s Singh Ajay & Co. and CA Priyank Mittal for audit lapses in Vika...

July 6, 2024 546 Views 0 comment Print

NFRA Penalized Audit Firm & CA for Lapses in Conduct of Statutory Audit

Corporate Law : Explore NFRA Order No. 018/2024 on CA Yogesh Mahipal for audit misconduct findings and penalties under Companies Act 2013. Detaile...

July 5, 2024 102 Views 0 comment Print

NFRA Penalizes CA for professional misconduct in auditing DHFL branches

Company Law : Learn about NFRA action against CA Kashinath Chaturvedi for professional misconduct in auditing DHFL branches. Understand the find...

June 21, 2024 525 Views 0 comment Print

Audit misconduct at DHFL branches: NFRA imposes one-year debarment & Penalty

Company Law : Explore NFRA's order under Companies Act 2013 on CA Krishna Bihari Chaturvedi for audit misconduct at DHFL branches in FY 2017-18....

June 21, 2024 483 Views 0 comment Print

NFRA Penalizes RCFL Auditors with ₹2.5 Crore Fine for Audit Misconduct

Company Law : The NFRA fines Shridhar & Associates and CA Ajay Vastani for professional misconduct in auditing RCFL's financials for FY 2018-19....

May 16, 2024 11070 Views 0 comment Print


NFRA founds Issues in statutory audit of IL&FS done by Deloitte

December 13, 2019 4140 Views 0 comment Print

NFRA has issued Audit Quality Review report of the statutory audit for year 2017-18 of IL&FS Financial Services Limited. The statutory auditor for this engagement was Deloitte Haskins and Sells LLP.

Extension of last date of filing of Form NFRA-2-req

November 27, 2019 3039 Views 1 comment Print

Time limit for filing Form NFRA-2 will be 90 days from the date of deployment of this form on the website of National Financial Reporting Authority (NFRA).

Analysis of NFRA (Amendments), Rules 2019

September 7, 2019 10758 Views 0 comment Print

MCA), Government of India wide notification dated 05th September, 2019 has amended the National Financial Reporting Authority Rules, 2018, (NFRA Rules). These rules may be called the National Financial Reporting Authority (Amendment) Rules, 2019 {NFRA (Amendments) Rules, 2019}.

National Financial Reporting Authority (Amendment) Rules, 2019

September 5, 2019 16752 Views 0 comment Print

(1) These rules may be called the National Financial Reporting Authority (Amendment) Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette.

National Financial Reporting Authority Rules

August 18, 2019 1059 Views 0 comment Print

National Financial Reporting Authority Rules National Financial Reporting Authority is a body proposed in Companies Act, 2013 for the establishment and enforcement of accounting and auditing standards and oversight the work of auditors. Which Body Corporates will be covered by NFRA ? The Authority shall have power to monitor and enforce compliance with accounting standards […]

What is National Financial Reporting Authority (NFRA)?

July 19, 2019 5187 Views 0 comment Print

Article contains Quick Referencer to National Financial Reporting Authority (NFRA), Things to be remembered about NFRA, Note on Jurisdiction of NFRA, Who is liable to file return in NFRA-1, Who is not liable to File NFRA -1 Return, How to file NFRA Form, Recommendation, Monitoring, Investigation And Enforcement Of Accounting And Auditing Standards, Investigative Powers […]

FAQs on filing of NFRA-1 form

July 12, 2019 5649 Views 0 comment Print

Article explains who need to file NFRA-1 Form, Do small private and public companies also have to file the NFRA-1 Form, Where to find NFRA-1 form, How to download NFRA-1 form, Applicability of NFRA For to Listed and unlisted companies, Does a company which has applied for strike-off is required to file NFRA-1 form, Who’ll […]

Applicability and other Provisions of NFRA Rules, 2018

July 12, 2019 95886 Views 2 comments Print

Analysis of Applicability and Other Provisions of National Financial Reporting Authority (Nfra), Rules, 2018 Attention: Form NFRA – 1 is Available for filing purpose and last date of filing is 31st July 2019. Form is uploaded on NFRA website. Link of NFRA Website: https://nfra.gov.in/ Notification on Date of Filing of NFRA-1  Last date of filling […]

Form NFRA-1- Who need to file, Due date, Documents to file

July 10, 2019 5280 Views 1 comment Print

NFRA has made it mandatory for certain ‘body corporates’ to file with it the details of their auditor appointments by July 31 in Form NFRA-1. However, none of the companies registered under the Companies Act, 2013, will be covered by this norm, they added.

Which company or body corporate to file NFRA 1 Form

July 8, 2019 11838 Views 4 comments Print

The most important clarification whether NFRA Form -1  is  required to be filed by any company or not by 31st July 2019 July 1 is Chartered Accountants’ Day marking the date on which the Chartered Accountants Act came into effect in 1949. On the same day after 70 years, NFRA is constituted with the main […]

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