{"id":215089,"date":"2019-05-27T20:30:19","date_gmt":"2019-05-27T15:00:19","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=215089"},"modified":"2019-05-27T16:36:34","modified_gmt":"2019-05-27T11:06:34","slug":"mca-notifies-national-financial-reporting-authority-meeting-for-transaction-of-business-rules-2019","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/27\/mca-notifies-national-financial-reporting-authority-meeting-for-transaction-of-business-rules-2019\/","title":{"rendered":"MCA notifies National Financial Reporting Authority (Meeting for Transaction of Business) Rules, 2019"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>G.S.R. 377(E)\u2014<\/strong>In exercise of the powers conferred by sub-section (10) of Section 132 read with Section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely:-<\/p>\n<p style=\"text-align: justify;\">1. Short title and commencement \u2013 (1) These rules may be called the <strong>National Financial Reporting Authority (Meeting for Transaction of Business) Rules, 2019<\/strong>.<\/p>\n<p style=\"text-align: justify;\">\u00a0 \u00a0 \u00a0(2) They shall come into force on the date of their publication in the Official Gazette.<\/p>\n<p style=\"text-align: justify;\">2. Definitions \u2013<\/p>\n<p style=\"text-align: justify;\">(1) In these rules, unless the context otherwise requires, \u2013<\/p>\n<p style=\"text-align: justify;\">(a) \u201cAct\u201d means the Companies Act, 2013 (18 of 2013);<\/p>\n<p style=\"text-align: justify;\">(b) \u201cAuthority\u201d means National Financial Reporting Authority constituted under sub-section (1) of Section 132 of the Act;<\/p>\n<p style=\"text-align: justify;\">(c) \u201cchairperson\u201d means the chairperson of the National Financial Reporting Authority appointed under sub-section (3) of Section 132 of the Act;<\/p>\n<p style=\"text-align: justify;\">(d) \u201cfull-time member\u201d means a member who has been appointed as such under sub-section (3) of Section 132 of the Act and includes the chairperson;<\/p>\n<p style=\"text-align: justify;\">(e) \u201cmember\u201d means any member, including the chairperson, so appointed under sub-section (3) of Section 132 of the Act;<\/p>\n<p style=\"text-align: justify;\">(f) \u201cpart-time member\u201d means a member other than a full-time member, appointed as such under sub-section (3) of Section 132 of the Act;<\/p>\n<p style=\"text-align: justify;\">(g) \u201cSecretary\u201d means the Secretary of the Authority appointed under sub-section (11) of Section 132 of the Act and includes an officer of the Authority authorised by the chairperson to function as Secretary.<\/p>\n<p style=\"text-align: justify;\">(2) Words and expressions used and not defined in these rules but defined in the Act shall have the same meanings as respectively assigned to them in the Act.<\/p>\n<p><span style=\"color: #ff0000;\">*Please follow the link for detailed notification:<\/span> <a href=\"http:\/\/egazette.nic.in\/WriteReadData\/2019\/204590.pdf\">Notification<\/a><\/p>\n<hr \/>\n<p><strong>[Notification dt. 22-05-2019]<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>Ministry of Corporate Affairs<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>G.S.R. 377(E)\u2014In exercise of the powers conferred by sub-section (10) of Section 132 read with Section 469 of the Companies Act, 2013 <\/p>\n","protected":false},"author":8808,"featured_media":209748,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[31714,35662],"class_list":["post-215089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations","tag-companies-act-2013","tag-national-financial-reporting-authority-meeting-for-transaction-of-business-rules-2019"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MCA notifies National Financial Reporting 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