The MCA vide Notification No. G.S.R. 543(E) dated September 06, 2024 notifies the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Amendment Rules, 2024.
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 (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, 2024.
(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 sub rule (1) of rule 11, for the words “four lakh fifty thousand rupees”, the words “five lakh sixty two thousand five hundred rupees”; and for the words “four lakh rupees”, the words “five lakh rupees” shall be substituted, respectively.
The Notification can be accessed at: https://a2z-bucket.s3.amazonaws.com/MCA___NN___06.09.2024.pdf