NFRA

NFRA-1 and it’s applicability to Companies

Company Law - Form NFRA-1 is notified by MCA vide Notification dated 13th November 2018 for the purpose of Notice to the Authority by a body corporate regarding its auditor. Provision: Pursuant to section 132 of the Companies Act, 2013 and Rule 3(2) and 3(3) of the National Financial Reporting Authority Rules, 2018. Classes of companies and bodies [&he...

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Form NFRA-1 And its Applicability

Company Law - MCA vide Notification dated dated November 13, 2018 notified the National Financial Reporting Authority Rules, 2018 (NFRA Rules, 2018) notified by the Ministry vide Notification dated November 13, 2018, effective from November 13, 2018 to establish an independent regulator to strengthen the audit profession and to provide for matters rela...

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Now Auditing Regulator – NFRA Modi Sarkar’s vow to clean up Financial Sector in TOTO

Company Law - Modi Government has again taken a big step by approving to create an Auditing Regulator called National Financial Reporting Authority (NFRA) who will oversee the auditing function and profession, control and regulate in addition to the Institute of Chartered Accountants of India on 1st March, 2018. It is big move forward in regulating the...

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Understanding The Applicability of NFRA Rules

Company Law - Summary: National Financial Reporting Authority Rules, 2018 (NFRA Rules) notified by the MCA vide its Notification dated 13th November 2018, w.e.f 13th November 2018. The NFRA rules deal with the jurisdiction (scope), function, duties and powers of the NFRA. In this Article, we have covered applicability of the Rules and confusions among...

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Brief About National Financial Reporting Authority

Company Law - Five years after the Companies Act, 2013 provided for the creation of a National Financial Reporting Authority (NFRA), Government has taken steps to implement NFRA. Ministry of Corporate Affairs MCA vide its notification dated 13th November 2018 notified National Financial Reporting Authority (NFRA) Rules 2018. T...

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Engagement as Consultant in MCA and NFRA

Company Law - Seeking applications from CAs based in Delhi/NCR for engagement as Consultant in MCA and NFRA Ministry of Corporate affairs (MCA) and National Financial Reporting Authority (NFRA) invites applications from Chartered Accountants (CAs) based in Delhi/NCR having 2 to 5 years plus of post- qualification experience. The selected candidates wil...

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Committee of Experts report on Regulating audit firms & Networks

Company Law - Committee of Experts submits its report on Regulating audit firms and the Networks The Committee of Experts has submitted its report on Regulating audit firms and the Networks to the Government of India through the Secretary, Ministry of Corporate Affairs. The Committee was constituted on April 20, 2018 pursuant to the directions of the...

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Vacancy with NFRA for CA/CS/CMA

F.No. A-12034/1/2018-Ad.I - (24/04/2019) - National Financial Reporting Authority (NFRA) intends to engage upto 10 Chartered Accountants/Cost and Management Accountants/Company Secretaries on contractual basis....

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Govt notifies part-time members of NFRA wef 28th February, 2019

Notification No. S.O. 1068(E) - (28/02/2019) - Central Government hereby appoint the following persons as part-time members of National Financial Reporting Authority (NFRA) with immediate effect,...

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Form NFRA-1 – Extension of the last date of filing

General Circular No. 12/2018 - (13/12/2018) - Time limit for filing Form NFRA-1 will be 30 days from the date of deployment of this form on the website of Ministry/National Financial Reporting Authority (NFRA) for all bodies corporate governed by the said rule (excluding companies as defined under sub-section (20) of section 2 of the Companies ...

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Govt appoints NFRA Chairperson

S.O. 5848(E) - (28/11/2018) - Central Government  appointed Shri Rangachari Sridharan as the Chairperson, the National Financial Reporting Authority (NFRA), with effect from the 1st October, 2018 (afternoon) for a period of three years or till the incumbent attains the age of sixty-five years, whichever is earlier. MINISTRY OF...

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National Financial Reporting Authority (NFRA) Rules, 2018

G.S.R. 1111(E) - (13/11/2018) - MCA has notified the National Financial Reporting Authority (NFRA) Rules, 2018, which inter-alia includes provisions relating to Classes of companies to be governed by NFRA along with its Functions and duties, ICAI to Recommend and NFRA to monitor and enforce compliance of accounting/ auditing stand...

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Recent Posts in "NFRA"

NFRA-1 and it’s applicability to Companies

Form NFRA-1 is notified by MCA vide Notification dated 13th November 2018 for the purpose of Notice to the Authority by a body corporate regarding its auditor. Provision: Pursuant to section 132 of the Companies Act, 2013 and Rule 3(2) and 3(3) of the National Financial Reporting Authority Rules, 2018. Classes of companies and bodies [&he...

Read More
Posted Under: Corporate Law |

Vacancy with NFRA for CA/CS/CMA

F.No. A-12034/1/2018-Ad.I (24/04/2019)

National Financial Reporting Authority (NFRA) intends to engage upto 10 Chartered Accountants/Cost and Management Accountants/Company Secretaries on contractual basis....

Read More

Form NFRA-1 And its Applicability

MCA vide Notification dated dated November 13, 2018 notified the National Financial Reporting Authority Rules, 2018 (NFRA Rules, 2018) notified by the Ministry vide Notification dated November 13, 2018, effective from November 13, 2018 to establish an independent regulator to strengthen the audit profession and to provide for matters rela...

Read More
Posted Under: Corporate Law |

Govt notifies part-time members of NFRA wef 28th February, 2019

Notification No. S.O. 1068(E) (28/02/2019)

Central Government hereby appoint the following persons as part-time members of National Financial Reporting Authority (NFRA) with immediate effect,...

Read More

Now Auditing Regulator – NFRA Modi Sarkar’s vow to clean up Financial Sector in TOTO

Modi Government has again taken a big step by approving to create an Auditing Regulator called National Financial Reporting Authority (NFRA) who will oversee the auditing function and profession, control and regulate in addition to the Institute of Chartered Accountants of India on 1st March, 2018. It is big move forward in regulating the...

Read More
Posted Under: Corporate Law |

Form NFRA-1 – Extension of the last date of filing

General Circular No. 12/2018 (13/12/2018)

Time limit for filing Form NFRA-1 will be 30 days from the date of deployment of this form on the website of Ministry/National Financial Reporting Authority (NFRA) for all bodies corporate governed by the said rule (excluding companies as defined under sub-section (20) of section 2 of the Companies Act, 2013, which are not required to fil...

Read More

Understanding The Applicability of NFRA Rules

Summary: National Financial Reporting Authority Rules, 2018 (NFRA Rules) notified by the MCA vide its Notification dated 13th November 2018, w.e.f 13th November 2018. The NFRA rules deal with the jurisdiction (scope), function, duties and powers of the NFRA. In this Article, we have covered applicability of the Rules and confusions among...

Read More
Posted Under: Corporate Law |

Brief About National Financial Reporting Authority

Five years after the Companies Act, 2013 provided for the creation of a National Financial Reporting Authority (NFRA), Government has taken steps to implement NFRA. Ministry of Corporate Affairs MCA vide its notification dated 13th November 2018 notified National Financial Reporting Authority (NFRA) Rules 2018. T...

Read More
Posted Under: Corporate Law |

Govt appoints NFRA Chairperson

S.O. 5848(E) (28/11/2018)

Central Government  appointed Shri Rangachari Sridharan as the Chairperson, the National Financial Reporting Authority (NFRA), with effect from the 1st October, 2018 (afternoon) for a period of three years or till the incumbent attains the age of sixty-five years, whichever is earlier. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delh...

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National Financial Reporting Authority: Need, Applicability & Role

What is NFRA?   National Financial Reporting Authority (NFRA) is a single independent authority proposed in Companies Act, 2013 for the establishment and enforcement of accounting and auditing standards and oversight of the work of auditors. Why the Need for NFRA? Restructuring or introducing new regulating authorities across the gl...

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Posted Under: Corporate Law |

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