The Ministry of Corporate Affairs (“MCA”), through a notification dated 5th September, 2019, issued National Financial Reporting Authority (Amendment) Rules, 2019 (“Amendment Rules”).
Through this Amendment Rules:
- The last date for filling Annual Return by the auditor has been extended from 30th April every year to 30th November every year.
- Form NFRA-2 which is the format for filling Annual Return by the auditor has been newly introduced, which was not specified under the National Financial Reporting Authority Rules, 2018 (“Rules”).
A comparison of the provisions have been provided below for reference.
| Rules | Amendment Rules |
| 5. Annual return. – Every auditor referred to in rule 3 shall file a return with the Authority on or before 30th April every year in such form as may be specified by the Central Government. | 5. Annual return. – 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. |
Source: Ministry of Corporate Affairs
