{"id":268723,"date":"2022-06-20T18:00:19","date_gmt":"2022-06-20T12:30:19","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=268723"},"modified":"2022-06-20T14:27:47","modified_gmt":"2022-06-20T08:57:47","slug":"mca-introduces-maximum-penalty-upto-rs-5000-in-case-non-compliance-of-nfra-rules-2018-vide-nfra-amendment-rules-2022","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/06\/20\/mca-introduces-maximum-penalty-upto-rs-5000-in-case-non-compliance-of-nfra-rules-2018-vide-nfra-amendment-rules-2022\/","title":{"rendered":"MCA introduces maximum penalty upto Rs. 5000 in case non-compliance of NFRA Rules, 2018 vide NFRA Amendment Rules, 2022"},"content":{"rendered":"<p><span id=\"page1R_mcid55\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">The Central Government notifies <span id=\"page1R_mcid56\" class=\"markedContent\">National Financial Reporting Authority Amendment Rules, 2022<\/span> to amend the National Financial Reporting <\/span><span dir=\"ltr\" role=\"presentation\">Authority Rules, 2018. <\/span><\/span><\/p>\n<p><span id=\"page1R_mcid59\" class=\"markedContent\">The Amendment introduces the penalty in case of non compliance of the provisions of the Rules. <br role=\"presentation\" \/><\/span><\/p>\n<p style=\"text-align: justify; padding-left: 40px;\"><span id=\"page1R_mcid59\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">\u201c13.<\/span> <span dir=\"ltr\" role=\"presentation\">Punishment in case of non-compliance:-<\/span><\/span><\/p>\n<p style=\"text-align: justify; padding-left: 40px;\"><span id=\"page1R_mcid60\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Whoever contravenes any of the provisions of these rules, shall be punishable with fine not exceeding five <\/span><span dir=\"ltr\" role=\"presentation\">thousand rupees, and where the contravention is a continuing one, with a further fine not exceeding five <\/span><span dir=\"ltr\" role=\"presentation\">hundred rupees for every day after the first during which the contravention continues<\/span><span dir=\"ltr\" role=\"presentation\">.\u201d.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Government notifies National Financial Reporting Authority Amendment Rules, 2022 to amend the National Financial Reporting Authority Rules, 2018. The Amendment <\/p>\n","protected":false},"author":8808,"featured_media":265147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[2560,29413,30681,2627],"class_list":["post-268723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations","tag-Ministry_of_Corporate_Affairs","tag-national-financial-reporting-authority","tag-non-compliance","tag-Penalty"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MCA introduces maximum penalty upto Rs. 5000 in case non-compliance of NFRA Rules, 2018 vide NFRA Amendment Rules, 2022 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2022\/06\/20\/mca-introduces-maximum-penalty-upto-rs-5000-in-case-non-compliance-of-nfra-rules-2018-vide-nfra-amendment-rules-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MCA introduces maximum penalty upto Rs. 5000 in case non-compliance of NFRA Rules, 2018 vide NFRA Amendment Rules, 2022\" \/>\n<meta property=\"og:description\" content=\"The Central Government notifies National Financial Reporting Authority Amendment Rules, 2022 to amend the National Financial Reporting Authority Rules, 2018. 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