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<h1>Key Terms for NFRA Defined Under Companies Act 2013, Section 132: Chairperson, Members, and Secretary Roles Explained</h1> These rules define key terms related to the National Financial Reporting Authority (NFRA) as per the Companies Act, 2013. 'Act' refers to the Companies Act, 2013. 'Authority' is the NFRA constituted under section 132. The 'chairperson' and 'full-time member' are appointed under section 132(3), with the chairperson included as a full-time member. A 'member' includes any individual appointed under section 132(3), while a 'part-time member' is distinct from a full-time member. The 'Secretary' is appointed under section 132(11) and may include an officer authorized by the chairperson. Undefined terms follow their meanings in the Act.