The National Financial Reporting Authority (NFRA) has extended the last date for submission of comments on its Consultation Paper titled "Enhancing Engagement with Stakeholders: Report of Technical Advisory Committee (March 2021)" from 10^th July, 2021 to 30^th July 2021. Consultation paper may be viewed at https://nfra.gov.in/consultation_papers.

The comments may either be submitted by email at comments-tac.paper @nfra.gov.in or sent by post to NFRA Office at:

Secretary

National Financial Reporting Authority

7th Floor, HT House

18-20, Kasturba Gandhi Marg

New Delhi- 110001

About NFRA

The National Financial Reporting Authority (NFRA) was constituted on 01st October, 2018 by the Government of India under Sub Section (1) of Section 132 of the Companies Act, 2013. The main objective of NFRA is to protect the public interest and the interests of investors, creditors and others associated with the companies or bodies corporate governed under NFRA Rules, 2018 by establishing high quality standards of accounting and auditing and exercising effective oversight of accounting functions performed by the companies and bodies corporate and auditing functions performed by auditors.

About Consultation Paper

National Financial Reporting Authority (NFRA) has set up a Technical Advisory Committee (TAC) to, inter alia, provide NFRA with inputs from the perspective of various key stakeholders. The TAC has undertaken a consultative exercise to review NFRA’s engagement with its stakeholders, and has, in its report of March, 2021, recommended ways to enhance the same. Important recommendations of the TAC relate to formation of advisory/consulting groups, institution of fellowship programmes, publication of NFRA’s Inspection Policy, and building up of NFRA’s Regulatory Capacity. Consultation Paper has been prepared and published by NFRA incorporating its preliminary views, and proposed action plan, on the recommendations of the TAC

Stakeholder engagement consultation extended; public comments invited and submission channels specified to inform advisory recommendations. Extension of the period for submission of public comments on the Consultation Paper 'Enhancing Engagement with Stakeholders' has been announced, with specified electronic and postal channels for receipt of comments. The Consultation Paper sets out the Technical Advisory Committee's recommendations - including formation of advisory groups, fellowship programmes, publication of an Inspection Policy, and measures to build regulatory capacity - and presents preliminary views and a proposed action plan on those recommendations for stakeholder input.