Sep 01, 2018

Constitution of the National Financial Reporting Authority

Pursuant to the MCA notification dated October 1, 2018, Sections 132(1) and 132(12) of the Companies Act have been notified and the National Financial Reporting Authority (‘NFRA’) has been constituted as on October 1, 2018, with its head office in New Delhi. The NFRA has been established to deal with matters relating to accounting and auditing standards under the Companies Act. It may be noted that the other sub-sections of Section 132, which provide for administration, functions and powers of NFRA, are yet to be notified.




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