Contact Us
022-26780807

MCA vide Notification No. G.S.R._(E) dated 13.11.2018 has issued the National Financial Reporting Authority Rules, 2018. These Rules Shall come into force on the date of their publication in the Official Gazette.

MCA vide Notification No. G.S.R._(E) on Tuesday, 13th November, 2018  has issued the National Financial Reporting Authority Rules, 2018, wherein; the National Financial Reporting Authority (hereinafter called the “Authority”), shall have power to monitor and enforce compliance with accounting standards and auditing standards, oversee the quality of service under sub-section (2) of section 132 or undertake investigation under sub-section (4) of such section of the auditors of the following class of companies and bodies corporate, namely:-

  1. companies whose securities are listed on any stock exchange in India or outside India;
  2. unlisted public companies:-
  • having paid-up capital of not less than rupees five hundred crores or ;
  • having annual turnover of not less than rupees one thousand crores or ;
  • having, in aggregate, outstanding loans, debentures and deposits of not less than rupees five hundred crores as on the 31st March of immediately preceding financial Year;

The said Notification can be accessed through the following link: MCANoti GSR___dt 13112018_NFRA_Rules_2018

Leave a comment

Your email address will not be published. Required fields are marked *