MCA extends deadline of Filing of Form NFRA-1 [Read Circular]

NFRA openings-LLB - Chartered Accountants-Taxscan

The Ministry of Corporate Affairs ( MCA ) has extended the last date of filing of Form NFRA – 1.

Form NFRA-1 form has been prescribed under the Rules, 2018 which came into force from November 13, 2018 which is Every existing body corporate other than a company governed by these rules, shall inform the Authority within thirty days of the commencement of these rules, in Form NFRA-1, the particulars of the auditor as on the date of commencement of these rules.

The Corporate Affairs Ministry said in the Circular that, MCA has received several representations regarding extension of the last date of filing of Form NFRA-1, which is required to be filed under sub-rule (2) and sub-rule (3) of rule 3 of the National Financial Reporting Authority Rules, 2018.

The matter has examined and it is stated that the 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 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).

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