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Companies Law - Highlights / Catch Notes

Home Highlights September 2024 Year 2024 This

The notification amends the National Financial Reporting ...


Pay hike for Chairperson & Members of National Financial Reporting Authority.

Notifications     Companies Law

September 11, 2024

The notification amends the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018. It increases the salary and allowances of the Chairperson and Members of the National Financial Reporting Authority. The Chairperson's salary is revised from Rs. 4,50,000 to Rs. 5,62,500, while the Members' salary is increased from Rs. 4,00,000 to Rs. 5,00,000. The amendment comes into force on the date of its publication in the Official Gazette.

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