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 ....
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