TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>NFRA audit oversight scope for listed and large unlisted companies, banks, insurers and key foreign units; NFRA-1 intimation mandated</h1> Prescribes the classes of companies and bodies corporate whose auditors fall within NFRA's jurisdiction for monitoring and enforcing compliance with accounting and auditing standards, overseeing audit quality, and undertaking investigations. Coverage extends to (i) listed companies, (ii) specified large unlisted public companies meeting paid-up capital, turnover, or aggregate outstanding borrowing/deposits thresholds as of the immediately preceding 31 March, (iii) insurance companies, banking companies (including corresponding new banks and subsidiary banks), electricity generation or supply companies, and entities governed by special Acts, (iv) entities or persons referred by the Central Government in public interest, and (v) certain foreign subsidiaries/associates exceeding 20% of consolidated income or net worth. It mandates NFRA-1 intimation of auditor particulars within specified timelines and continues NFRA coverage for three years after falling outside thresholds or delisting.
TaxTMI 
TaxTMI 
