MCA Updates NFRA Part-Time Member Appointments

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  • Last Updated on 19 January, 2026

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NFRA Part-Time Members Amendment

Notification G.S.R. 42(E); Dated: 13.01.2026

1. Introduction

Ministry of Corporate Affairs (MCA) has notified amendments to the rules governing the appointment of part-time members of the National Financial Reporting Authority (NFRA).

2. Amendment To NFRA Appointment Rules

The MCA has issued the NFRA Appointment of Part-time Members (Amendment) Rules, 2025, amending the rules notified in 2022. The amendment substitutes the entries specified in Rule 2 of the principal rules.

3. Updated List Of Part-Time Members

As per the amendment, the revised list of NFRA part-time members includes:

  • Shri Balamurugan D, Joint Secretary, MCA
  • Shri Anand Mohan Bajaj, Deputy Comptroller and Auditor General of India
  • Ms. Sudha Balakrishnan, Chief Financial Officer, Reserve Bank of India
  • Shri Jeevan Sonparote, Executive Director, Securities and Exchange Board of India

4. Institutional Representation

The revised composition ensures representation from key regulatory and oversight institutions, including the MCA, CAG, RBI, and SEBI, supporting coordinated supervision over audit and financial reporting standards.

5. Conclusion

The revision of NFRA’s part-time membership reflects MCA’s efforts to keep the Authority’s composition current and representative. The updated appointments are expected to strengthen NFRA’s role in audit quality oversight and financial reporting regulation in India.

Click Here To Read The Full Notification 

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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