NFRA Releases Provisional list of Audit Firms of Listed Companies that Failed to File NFRA-2 forms During 2023-24 [Read Provisional list]
The provisional list released by NFRA contains a total of 785 audit firms of listed companies that have failed to file NFRA-2 forms during 2023-24.
![NFRA Releases Provisional list of Audit Firms of Listed Companies that Failed to File NFRA-2 forms During 2023-24 [Read Provisional list]](https://images.taxscan.in/h-upload/2025/09/13/2086131-nfra-releases-provisional-list-audit-firms-of-listed-companies-failed-to-file-nfra-2-during-2023-24-taxscan.webp "NFRA Releases Provisional list of Audit Firms of Listed Companies that Failed to File NFRA-2 forms During 2023-24 [Read Provisional list]")
The NationalFinancial Reporting Authority has published a provisional list of audit firms of listed companies that have not filed the NFRA-2 annual return for the reporting period 2023-24 (audit reports signed during 01.04.2023 to 31.03.2024).
The 785-entry list, compiled as per the records maintained by the NFRA is being circulated by the Authority as a provisional record with the status of the companies filing as per March 20, 2025.
NFRA has reminded auditors that as per Rule 5 read with Rule 3 of the NFRA Rules, 2018, auditors of classes of companies specified in Rule 3 are required to file the NFRA-2 return on or before November 30 each year.
The due date for the 2023-24 reporting period was November 30, 2024, though NFRA notes that a window for filing that return remains open till date, providing additional time to firms that have yet to submit their returns.
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The Authority has also cited the consequences for non-compliance under MCA notification GSR 456(E) dated June 17, 2022. Rule 13 prescribes a fine not exceeding ₹5,000 for contravention and where the breach is continued, an additional fine of up to ₹500 for every day after the first day of breach shall be levied.
Also Read: Auditing and Ethics Standards: Your Best Defense Against NFRA Penalties
NFRA has invited firms with technical issues to report them to its helpdesk and asked firms that have already filed the returns to notify the Authority by email.
The NFRA-2 return remains an important regulatory instrument, requiring reporting of audit reports signed in the relevant period and firm-level disclosures that allow NFRA to monitor audit quality and compliance.
Auditors should note that the filing cycle is underway, with the next NFRA-2 for the reporting period April 1, 2024 to March 31, 2025 due on November 30, 2025.
Firms named in the provisional list are advised to file immediately or to confirm to NFRA if they have already filed, by emailing helpdesk@nfra.gov.in. The list attached to this report is provisional as per the information released by the NFRA and is subject to amendment if NFRA receives evidence of subsequent filings.
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