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Core Purpose

This notification amends the National Financial Reporting Authority appointment of Part-time members, Rules, 2022, by substituting new entries for part-time members.

Detailed Summary

The Ministry of Corporate Affairs, vide Notification G.S.R. 42(E) dated 13th January, 2026, exercised powers conferred by sub-section (3) of section 132 of the Companies Act, 2013 (18 of 2013), to enact the National Financial Reporting Authority appointment of Part-time members (Amendment) Rules, 2025. These rules come into force on their publication in the Official Gazette. The amendment substitutes serial numbers (1), (2), (3), and (4) and their entries in rule 2 of the National Financial Reporting Authority appointment of Part-time members, Rules, 2022. The new entries for part-time members are: Shri Balamurugan D, Joint Secretary, Ministry of Corporate Affairs; Shri Anand Mohan Bajaj, Deputy Comptroller and Auditor General of India; Ms. Sudha Balakrishnan, Chief Financial Officer, Reserve Bank of India; and Shri Jeevan Sonparote, Executive Director, Securities and Exchange Board of India. The principal Rules, 2022, were initially published vide G.S.R. 220 (E) dated 23rd March, 2022, and subsequently amended by G.S.R 400(E) dated 25th May, 2022; G.S.R 602(E) dated 22nd July, 2022; and G.S.R. 496(E) dated 13th August, 2024.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-16012026-269402 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 42] NEW DELHI, FRIDAY, JANUARY 16, 2026/PAUSHA 26, 1947 359 GI/2026 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 13th January, 2026 G.S.R. 42(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, 2025. (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 (1), (2), (3) and (4) and the entries relating thereto, the following serial numbers and entries shall be substituted, namely:- "(1) Shri Balamurugan D, Joint Secretary, Ministry of Corporate Affairs; (2) Shri Anand Mohan Bajaj, Deputy Comptroller and Auditor General of India; (3) Ms. Sudha Balakrishnan, Chief Financial Officer, Reserve Bank of India; (4) Shri Jeevan Sonparote, Executive Director, Securities and Exchange Board of India." [F. No. NFRA-05/6/2018-NFRA-MCA] SANTANU MITRA, Senior Economic Adviser Note: The National Financial Reporting Authority appointment of Part-time members, Rules, 2022 were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 220 (E), dated the 23rd March, 2022, subsequently amended vide notification number G.S.R 400(E), dated the 25th May, 2022; G.S.R 602(E), dated the 22nd July, 2022 and last amended vide notification number G.S.R. 496(E), dated the 13th August, 2024. 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. SARVESH KUMAR SARVESH KUMAR SRIVASTAVA

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