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of <h1>Central Government Appoints National Financial Reporting Authority Leaders Based on Committee Recommendations, Including Experts in Finance and Law.</h1> The Central Government appoints the chairperson and full-time members of the National Financial Reporting Authority based on recommendations from a search-cum-selection committee. This committee includes high-ranking officials and experts in accountancy, auditing, finance, and law. The Secretary of the Ministry of Corporate Affairs acts as the convener. The committee's recommendations must be made within a reasonable time, and appointments are valid despite any committee vacancies. Part-time members include representatives from various government and financial institutions, as well as experts from relevant fields.
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