Definitions in NFRA Rules define key terms such as auditor, Authority, accounting and auditing standards. Rule 2 provides definitions for the National Financial Reporting Authority Rules, 2018: it defines accounting standards and auditing standards by reference to the Companies Act; defines auditor to include individuals and firms (including LLPs) appointed under section 139 or other enactments; and defines Authority, chairperson, Division (including one headed by the chairperson or a full-time member), Form, full-time member and part-time member. It further states that terms not defined in the Rules take the meanings assigned to them in the Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Definitions in NFRA Rules define key terms such as auditor, Authority, accounting and auditing standards.
Rule 2 provides definitions for the National Financial Reporting Authority Rules, 2018: it defines accounting standards and auditing standards by reference to the Companies Act; defines auditor to include individuals and firms (including LLPs) appointed under section 139 or other enactments; and defines Authority, chairperson, Division (including one headed by the chairperson or a full-time member), Form, full-time member and part-time member. It further states that terms not defined in the Rules take the meanings assigned to them in the Act.
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