NFRA (Manner of Appointment, Service of Chairperson and Members) Rules, 2018 notified by MCA

NFRA (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018 notified by MCA

The MCA has notified the National Financial Reporting Authority (NFRA) (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018, as under:

NFRA (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018: MCA Notification dt. 21 March 2018

G.S.R. 262(E).—In exercise of the powers conferred by sub-section (3) of section 132 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely :-

1. Short Title and Commencement.─

(1) These rules may be called The National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. Definitions.─

(1) In these rules, unless the context otherwise requires,─ (a) “Act” means the Companies Act, 2013 (18 of 2013); (b) “Authority” means the National Financial Reporting Authority constituted under sub-section (1) of section 132 of the Act.

(2) Words and expressions used in these rules and not defined, but defined in the Act shall have the meanings respectively assigned to them in the Act. (contd… please refer above attachment)

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