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TMI BlogNational Financial Reporting Authority (Meeting for Transaction of Business) Rules, 2019X X X X Extracts X X X X X X X X Extracts X X X X ..... section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely :- 1. Short title and commencement. - (1) These rules may be called the National Financial Reporting Authority (Meeting for Transaction of Business) Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Definitions. - (1) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s such under sub-section (3) of section 132 of the Act; (g) "Secretary" 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. (2) Words and expressions used and not defined in these rules but defined in the Act shall have the same meanings as respe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... present at the meeting, shall preside at the meeting. (5) The Authority may grant leave of absence to a member not present in the meeting and such leave of absence shall be recorded in the minutes of the meeting. (6) Any member unable to be present in a meeting for any reason, may choose to participate in the said meeting through video conferencing. (7) Wherever considered necessary, a busin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g loose leaves, duly numbered. (11) A copy of draft minutes of the proceedings of each meeting of the Authority shall be circulated as soon as possible for confirmation by the members. (12) The confirmed minutes shall be signed by the chairperson or the member presiding at the succeeding meeting, and taken on record thereafter. (13) A member, who has any pecuniary interest, direct or indire ..... X X X X Extracts X X X X X X X X Extracts X X X X
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