NFRA Publishes Fresh Provisional List of Audit Firms With Missing or Incomplete NFRA-2 for 2024-25

The National Financial Reporting Authority (NFRA) has published a fresh provisional list of audit firms that have not filed, or have filed incomplete, Form NFRA-2 for the reporting period 2024-25. The list shows the position as on 15 August 2026 and was uploaded on 17 August 2026.

What the list contains

The list document covers auditors of both listed and unlisted companies and is split into two parts:

• Part A: audit firms that have not filed Form NFRA-2 for 2024-25. This part runs to more than 900 firms.
• Part B: audit firms that have filed an incomplete Form NFRA-2. This part names 41 firms.

Each entry gives only the serial number, the firm registration number and the name of the auditor. NFRA calls the list provisional and says the firms "appear" not to have filed or to have filed incomplete forms as per its records.

The filing requirement

The notes to the list explain the legal basis. Under Rule 5 of the NFRA Rules, 2018, auditors of the classes of companies specified in Rule 3 must file an annual return with NFRA in Form NFRA-2 on or before 30 November every year. The due date for the 2024-25 reporting period was 30 November 2025. NFRA states that, to give additional time, the filing window for 2024-25 has remained open.

NFRA's own guidance note on Form NFRA-2 explains who is covered and what the reporting period means. Rule 3 covers auditors of:

• companies whose securities are listed on a stock exchange in or outside India;
• unlisted public companies meeting the Rule 3 thresholds for paid-up capital (Rs. 500 crore), annual turnover (Rs. 1,000 crore) and aggregate outstanding loans, debentures and deposits (Rs. 500 crore);
• insurance companies, banking companies and companies engaged in the generation or supply of electricity;
• companies and bodies corporate governed by clauses (b) to (f) of section 1(4) of the Companies Act, 2013; and
• subsidiaries or associates incorporated outside India of such Indian companies, where their income or net worth exceeds 20% of the consolidated income or net worth of the parent.

For the return due on 30 November 2025, the reporting period was 1 April 2024 to 31 March 2025, and the return covers audit reports signed during that period. The form asks for the auditor's identity and contact details, audit clients and fees, memberships and affiliations, partners and employees, disciplinary proceedings, resignations, quality control policies, and a consent to co-operate with information requests from NFRA. Filing is done on NFRA's online Form NFRA-2 portal.

What listed firms should do

Firms that audit any Rule 3 company should check both parts of the list against their firm registration number. A firm in Part A that has not yet filed should complete Form NFRA-2 for 2024-25 on the portal while the window remains open. A firm in Part B should identify the missing information and complete the return.

A firm that has already filed a complete return but still appears on the list should write to NFRA at helpdesk@nfra.gov.in, as the notes to the list request. The same address is to be used for technical problems in filing. Keeping the acknowledgement and a copy of the filed form will help in that correspondence.

Firms not on the list should still confirm their filing status and not treat absence from a provisional list as confirmation that the return is complete. The 2025-26 return, covering audit reports signed between 1 April 2025 and 31 March 2026, falls due on 30 November 2026 under the same rule.

Updated on 27 September 2026: added the NFRA list document, its Part A and Part B structure, the Rule 3 and Rule 5 requirements from NFRA's guidance, the helpdesk route and the next due date.