FORM NFRA 2 National Financial Reporting Authority
SUJEET KUMAR | Jul 10, 2021 |
FORM NFRA 2 National Financial Reporting Authority
Applicable Section
Section 132 of the Companies Act, 2013 and rule 3 and 5 of the National Financial Reporting Authority Rules, 2018.
Provision
Annual Return to be filed by Auditor with the National Financial Reporting Authority.
Applicable on Auditors of below-mentioned companies:
(a) companies whose securities are listed on any stock exchange in India or outside India;
(b) unlisted public companies having paid-up capital of not less than rupees five hundred crores or having annual turnover of not less than rupees one thousand crores or having, in aggregate, outstanding loans, debentures and deposits of not less than rupees five hundred crores as on the 31st March of immediately preceding financial year;
(c) insurance companies, banking companies, companies engaged in the generation or supply of electricity, companies governed by any special Act for the time being in force or bodies corporate incorporated by an Act in accordance with clauses (b), (c), (d), (e) and (f) of sub-section (4) of section 1 of the Act;
d) any body corporate or company or person, or any class of bodies corporate or companies or persons, on a reference made to the Authority by the Central Government in public interest; and
(e) a body corporate incorporated or registered outside India, which is a subsidiary or associate company of any company or body corporate incorporated or registered in India as referred to in clauses (a) to (d), if the income or networth of such subsidiary or associate company exceeds twenty per cent. of the consolidated income or consolidated networth of such company or the body corporate, as the case may be, referred to in clauses (a) to (d).
1. Unlisted private companies (unless referred by Central Government to the Authority in the public interest); and
2. Unlisted public companies with paid-up capital or turnover or aggregate of loans, debentures and deposits below the limit stated above.
Due Date
Every auditor referred to in rule 3 shall file a return with the Authority on or before 30th November every year in Form NFRA-2.
During the process of submitting the form, the user needs to have the following details/documents before proceeding with form filling.
1. Limited Liability Partnership Identification Number (LLPIN) or any other registration Number of the firm
2. Income Tax PAN of Auditor (for Indian firm)
3. Registration number of Auditor with the regulator/agency
4. The following details of the companies that need to be filled in:
5. Network Registration Number of the auditor with ICAI
6. Details of the Partners of the auditor
7. Number of employees employed by the auditor
8. Digital Signature Certificate (DSC) of User
In case of any Doubt regarding Membership you can mail us at [email protected]
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