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COMPANIES ACT NFRA
Finance ministry, NFRA officials brief Par panel on corporate laws amendment billParliament's joint committee received briefings on the Corporate Laws (Amendment) Bill, 2026, from Finance Ministry officials and the Natio...- NFRA sets up 4 separate functional divisionsThe National Financial Reporting Authority (NFRA) is stepping up its game with the launch of four specialized divisions that will focus on ...
- India may soon notify new audit standards after prolonged regulatory tussleIndia's corporate affairs ministry is set to announce new audit rules. These changes will bring Indian standards in line with global practi...
- ICAI defers adoption of new quality management standards by accountancy firmsThe Institute of Chartered Accountants of India has postponed its new quality management standards. These standards were set to be implemen...
- NFRA flags quality control gaps in six audit firmsThe National Financial Reporting Authority (NFRA) has released inspection reports on six major audit firms, including Deloitte Haskins & Se...
- NFRA, ICAI mull mechanism to boost regulatory coordinationTo promote harmony and effective collaboration, India’s premier audit watchdogs, NFRA and ICAI, are setting up a systematic approach for be...
- Place audit orders in public domain to boost trust: CIC to NFRAThe Central Information Commission has urged the National Financial Reporting Authority to publish all orders, directions, and policy decis...
- NFRA moves SC against Delhi HC's EQCR orderNFRA has appealed to the Supreme Court against a Delhi HC order, arguing that an Engagement Quality Control Reviewer (EQCR) is not an audit...
- ICAI can't notify audit quality norms, says SG Tushar MehtaThe ICAI is not authorized to issue standards on quality management or amend audit norms for accountancy firms. This responsibility lies wi...
- NFRA flags deficiencies in BSR & Co's audit of related party transactionsThe National Financial Reporting Authority (NFRA) identifies significant deficiencies in BSR & Co LLP's audit practices, focusing on relate...
- NCLAT upholds NFRA penalty on DHFL auditorsThe National Company Law Appellate Tribunal has upheld the penalty imposed by the National Financial Reporting Authority (NFRA) on auditors...
- NFRA may approach SC over power to probe pre 2018 casesNFRA has already barred some auditors allegedly involved in the IL&FS crisis from undertaking fresh work, in addition to imposing fines on ...
- The NFRA's latest diktat needs more clarity in its implementationNFRA has noticed that auditors are not fulfilling their statutory responsibilities of reporting fraud as mandated under the Companies Act, ...
- NFRA imposes fine, bans auditors for 1 yr for misconduct in audit of DHFL branchesAs per the order, NFRA's investigation revealed that the appointment of none of the 33 branch auditors was approved at the Annual General M...
- Extra teeth to tackle corporate misconductThe Companies Act now restricts NFRA to investigating misconduct by auditors. It is toothless to deal with violations that exceed this narr...
- NFRA needs to have standalone legislation, says chairperson R SridharanSridharan said the NFRA operates under a single section of the Companies Act. The section does not provide comprehensive coverage of all th...
- NFRA needed to constantly review audit quality of companies: Injeti Srinivas, Secretary, Corporate AffairsInjeti Srinivas spoke about the government’s push for better corporate governance through the National Financial Reporting Authority (NFRA)...
- Cabinet clears setting up of NFRA to oversee auditorsThe decision comes against the backdrop of various auditing lapses in the banking sector, including the Rs 12,700 crore fraud at Punjab Nat...
- Government to implement new Companies Act that includes setting up IEPFA and NFRASince 2013, 60% sections of law have been notified while 187 sections related to investor protection and winding up of companies are yet to...
- NFRA to get powers to investigate companies, audit firmsNFRA, the proposed apex body for accounting and auditing standards, will have powers to probe and review audits of companies.
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