Requirement Filing of NFRA-1 National Financial Reporting Authority- Series - 406
Requirement Filing of NFRA-1
National Financial Reporting Authority
a) All Listed Companies/ Listed Body Corporate;
b) Unlisted Public Companies with
- Paid up Capital or Loans > = INR 500 crores OR
- Turnover > = INR 1000 crores OR
- Outstanding Loan, Debentures and Deposit >= INR 500 crores
· Banking Companies
· Electricity Companies
Whether every Company, which are not covered in NFRA rules are required to file
As per Rules, 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.
Note: NFRA-1 shall be required to file by a “BODY CORPORATE” which not covers i In above mentioned companies.
Author – CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at firstname.lastname@example.org). Disclaimer: The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, I assume no responsibility therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not a professional advice and is subject to change without notice. I assume no responsibility for the consequences of use of such information. IN NO EVENT SHALL I SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION