Govt Appoints Chairperson and Members of NFRA for Three-year Term

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NFRA Chairperson Appointment

Notification No. S.O. 3975(E)., Dated: 27.08.2025

1. Appointment of NFRA Chairperson

The Government has officially appointed Shri Nitin Gupta as the new Chairperson of the National Financial Reporting Authority (NFRA). His appointment has been made effective from 23rd July, 2025 (forenoon) and will be for a tenure of three years or until he attains the age of sixty-five years, whichever is earlier.

2. Appointment of Full-Time Members

Alongside the Chairperson, the Government has also appointed Ms. Smita Jhingran, Shri P. Daniel, and Shri Sushil Kumar Jaiswal as Full-Time Members of NFRA. This move strengthens the leadership and decision-making framework of the Authority, ensuring that it has experienced professionals to guide its functioning.

3. Tenure and Service Conditions

The newly appointed Chairperson and Members will serve under the provisions laid down in the NFRA Rules, 2018. Their tenure of three years or until reaching the age of sixty-five years, whichever comes earlier, provides a defined structure for leadership continuity and accountability within the Authority.

4. Strengthening Financial Reporting Oversight

The appointments reflect the Government’s commitment to strengthening financial reporting and corporate governance in India. With NFRA playing a critical role in ensuring high-quality accounting and auditing standards, the new leadership is expected to contribute significantly to enhancing transparency, investor confidence, and trust in India’s financial ecosystem.

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied