Quick Summary
On August 13, 2024, the Ministry of Corporate Affairs (MCA) issued Notification No. G.S.R. 496(E), announcing amendments to the National Financial Reporting Authority (NFRA) Appointment of Part-Time Members Rules. These amendments, effective from the date of their publication in the official gazette, aim to strengthen NFRA's governance by refining the appointment process for part-time members. In exercise of the powers conferred by sub-section (3) of section 132 of the Companies Act. 2013 (18
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The main purpose is to amend the National Financial Reporting Authority (NFRA) Appointment of Part-Time Members Rules, 2024, to refine the appointment process and strengthen NFRA's governance.
The amendments come into force on the date of their publication in the Official Gazette.
The amendments are made to the National Financial Reporting Authority appointment of Part-time members, Rules, 2022, specifically rule 2 concerning the appointment of part-time members.
The newly appointed part-time members mentioned are Shri Sanjay Kallapur and Professor R. Narayanswamy.
These rules were amended in exercise of the powers conferred by sub-section (3) of section 132 of the Companies Act, 2013.
CAclubindia
