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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


Last date of filling up Form NFRA-1 will be 31.07.2019- NFRA

July 1, 2019 11199 Views 0 comment Print

It is intimated that NFRA-1 Form for intimation of appointment of Auditors to NFRA has been deployed on the website of NFRA (nfra.gov.in) and accordingly the last date of filing the same by the Entities concerned will be 31.07.2019. National Financial Reporting Authority 8th Floor Hindustan Times Building, K.G. Marg New Delhi Ph-011-23355013 No. NF-11/1/2019-0/o […]

NFRA-1 and it’s applicability to Companies

May 22, 2019 4725 Views 0 comment Print

Form NFRA-1 is notified by MCA vide Notification dated 13th November 2018 for the purpose of Notice to the Authority by a body corporate regarding its auditor. Provision: Pursuant to section 132 of the Companies Act, 2013 and Rule 3(2) and 3(3) of the National Financial Reporting Authority Rules, 2018. Classes of companies and bodies […]

Vacancy with NFRA for CA/CS/CMA

April 24, 2019 4470 Views 2 comments Print

National Financial Reporting Authority (NFRA) intends to engage upto 10 Chartered Accountants/Cost and Management Accountants/Company Secretaries on contractual basis.

Form NFRA-1 And its Applicability

March 26, 2019 83433 Views 3 comments Print

MCA vide Notification dated dated November 13, 2018 notified the National Financial Reporting Authority Rules, 2018 (NFRA Rules, 2018) notified by the Ministry vide Notification dated November 13, 2018, effective from November 13, 2018 to establish an independent regulator to strengthen the audit profession and to provide for matters relating to accounting and auditing standards. […]

Govt notifies part-time members of NFRA wef 28th February, 2019

February 28, 2019 810 Views 0 comment Print

Central Government hereby appoint the following persons as part-time members of National Financial Reporting Authority (NFRA) with immediate effect,

Now Auditing Regulator – NFRA Modi Sarkar’s vow to clean up Financial Sector in TOTO

February 21, 2019 6336 Views 2 comments Print

Modi Government has again taken a big step by approving to create an Auditing Regulator called National Financial Reporting Authority (NFRA) who will oversee the auditing function and profession, control and regulate in addition to the Institute of Chartered Accountants of India on 1st March, 2018. It is big move forward in regulating the financial […]

Form NFRA-1 – Extension of the last date of filing

December 13, 2018 15438 Views 0 comment Print

Time limit for filing Form NFRA-1 will be 30 days from the date of deployment of this form on the website of Ministry/National Financial Reporting Authority (NFRA) for all bodies corporate governed by the said rule (excluding companies as defined under sub-section (20) of section 2 of the Companies Act, 2013, which are not required to file this Form).

Understanding The Applicability of NFRA Rules

December 11, 2018 61986 Views 1 comment Print

Summary: National Financial Reporting Authority Rules, 2018 (NFRA Rules) notified by the MCA vide its Notification dated 13th November 2018, w.e.f 13th November 2018. The NFRA rules deal with the jurisdiction (scope), function, duties and powers of the NFRA. In this Article, we have covered applicability of the Rules and confusions among the corporate professionals due […]

Brief About National Financial Reporting Authority

December 1, 2018 3633 Views 0 comment Print

Five years after the Companies Act, 2013 provided for the creation of a National Financial Reporting Authority (NFRA), Government has taken steps to implement NFRA. Ministry of Corporate Affairs MCA vide its notification dated 13th November 2018 notified National Financial Reporting Authority (NFRA) Rules 2018. T

Govt appoints NFRA Chairperson

November 28, 2018 1230 Views 1 comment Print

Central Government  appointed Shri Rangachari Sridharan as the Chairperson, the National Financial Reporting Authority (NFRA), with effect from the 1st October, 2018 (afternoon) for a period of three years or till the incumbent attains the age of sixty-five years, whichever is earlier. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 28th November, 2018 S.O. 5848(E).—In exercise […]

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