NFRA-2 Filing Deadline Nears: Complete Guide to Eligibility, Requirements, and Key Details

The due date for filing the NFRA-2 Annual Report is November 30, 2025; the reporting period is 1st April 2024 to 31st March 2025. Every year, this deadline remains the same. Failure to file this report may attract penalties (not more than Rs. 5000) in addition to daily fines for continued non-compliance.

In the NFRA-2 filing, details of audit reports signed off during the reporting period from 1st April 2024 to 31st March 2025 are needed to be reported. Most of the time, these audit reports will relate to the audit of financial statements for the period from 1st April 2023 to 31st March 2024.

NFRA-2 is an annual return that is filed by auditors with the National Financial Reporting Authority (NFRA). It acts as a report submitted by auditors that shows their practice and adherence to NFRA rules and guidelines. This return is compulsory to be filed by special types of auditors who belong to companies, including listed companies, large unlisted public companies, and companies in sectors like banking and insurance.

The NFRA Rules 2018 say, “Every auditor of companies and body corporate specified in Rule 3 shall file a return with the Authority on or before 30th November every year in such form as may be specified by the Central Government.”

Auditors falling under the following categories of companies and bodies corporate are required to file the NFRA-2 Annual Report:

1. Listed Companies: Companies whose securities are listed on any stock exchange in India or outside India are required to file this report.

2. Unlisted Public Companies: Companies that fall under these conditions are required to file an NFRS-2 Annual Report:

• i) Paid-up capital of not less than Rs. 500 Crore.
• ii) Annual turnover of not less than Rs. 1,000 crore.
• iii) Aggregate outstanding loans, debentures, and deposits of not less than Rs. 500 Crore.

3. Companies engaged in specialised activities and special acts: Insurance companies that are governed by the Special Act and banking companies, and the generation or supply of electricity incorporated by an act in accordance with clauses (b) to (f) of subsection 4 of section 1 of the Companies Act, 2013, are required to file the NRFA-2 Annual Report.

4. Central Govt reference in public interest: Any body corporate or company or person, or any class of bodies corporate or companies or persons, can file the NFRA-2 Annual Report.

5. Foreign Body Corporate: Foreign incorporated subsidiaries or associates of any company or body corporate aforementioned whose net worth or income exceeds 20% of the consolidated net worth or income are needed to file the NFRA-2 Annual Report.

Key Due Dates Related to NFRA-2 Filing

Below are listed the crucial dates related to the NFRA-2 filing:

Key Contents of NFRA-2

• Identity of the auditor and contact persons
• Audit clients and audit reports of the auditor (and fees-related information)
• Audit-related memberships, affiliations, or similar arrangements of the auditor
• Partners and Employees of the Auditor
• Details of any disciplinary or other proceedings initiated against the auditor
• Resignations and Withdrawal of Audit Reports
• Quality Control Policies of the Auditor
• Consent to cooperate and comply with any information request by NFRA