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Core Purpose

Notification under Section 132(3) of the Companies Act, 2013 amending the National Financial Reporting Authority appointment of Part-time Members Rules, 2022, to replace two named part-time members.

Detailed Summary

The Ministry of Corporate Affairs issued G.S.R. 496(E) dated 13th August, 2024, titled the "National Financial Reporting Authority appointment of part-time members (Amendment) Rules, 2024," whereby the Central Government, exercising powers under Section 132(3) of the Companies Act, 2013 (18 of 2013), amends the National Financial Reporting Authority appointment of Part-time Members Rules, 2022, effective on the date of publication in the Official Gazette, by substituting serial numbers (8) and (9) in Rule 2 with "(8) Shri Sanjay Kallapur" and "(9) Professor R. Narayanswamy"; the principal rules were published vide notification C.S.R. 220(E) dated 23rd March, 2022, and were last amended vide notification G.S.R. 400(E) dated 25th May, 2022; the notification, filed under F. No. NFRA-05/6/2018-NFRA-MCA, was signed by Inderdeep Singh Dhariwal, Joint Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-14082024-256364 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 457] NEW DELHI, TUESDAY, AUGUST 13, 2024/ SHRAVANA 22, 1946 MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 13th August 2024 G.S.R. 496 (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 further to amend the National Financial Reporting Authority appointment of Part-time members, Rules, 2022, namely: - 1. (1) These rules may be called the National Financial Reporting Authority appointment of part-time members (Amendment) Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the National Financial Reporting Authority appointment of Part-time members, Rules, 2022, in rule 2, for serial numbers (8) and (9) and the entries relating thereto, the following serial numbers and entries shall be substituted, namely: - "(8) Shri Sanjay Kallapur (9) Professor R. Narayanswamy”. [F. No. NFRA-05/6/2018-NFRA-MCA] INDERDEEP SINGH DHARIWAL, Jt Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number C.S.R. 220 (E), dated the 23rd March, 2022 and last amended vide notification number G.S.R. 400 (E), dated the 25th May, 2022. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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