NFRA Rules and NFRA-1 Form: Which Companies Will Be Governed by the Rules and Who Has to File the Form?
The National Financial Reporting Authority (NFRA) is an independent regulatory body constituted under Companies Act 2013 (Section 132). The constitution of this authority is effective from 1st October 2018. The main purpose of the NFRA is to assist in the framing and enforcement of legislation relating to accounting/auditing. It is an effort by the Indian …