National Financial Reporting Authority

Recently, the National Financial Reporting Authority (NFRA) got more powers to act against auditors and company executives.

  • The Company Law Review Committee recommended expanding NFRA’s oversight to certain wrongful deeds of senior company executives and lapses of auditors other than their professional misconduct.

About NFRA

  • It was constituted on 01st October, 2018, by the Government of India under Sub Section (1) of Section 132 of the Companies Act, 2013.
  • The Companies Act requires the NFRA to have a chairperson who will be appointed by the Central Government and a maximum of 15 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Current Affairs