NFRA Manner of Appointment of Chairperson and Members Amendment Rules 2019

NFRA Manner of Appointment of Chairperson and Members Amendment Rules 2019

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 18th February, 2019

G.S.R. 125(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 to amend the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018, namely:-

1. (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) Amendment Rules, 2019

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

2. In the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018, in rule 4, in sub-rule (5), for the words “within a period not exceeding one hundred and twenty days”, the words “within a reasonable period of time” shall be substituted.

[F. No. NFRA-05/5/2018-NFRA-MCA]

K.V.R. MURTY, Jt. Secy.

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.262 (E), dated the 21st March, 2018.

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