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of <h1>NFRA Rules 2018: Appointment, Terms, and Conditions for Chairperson and Members Detailed by Ministry of Corporate Affairs.</h1> The National Financial Reporting Authority (NFRA) Rules, 2018, issued by the Ministry of Corporate Affairs, outline the appointment and service conditions for the NFRA Chairperson and members. The Authority comprises a Chairperson, three full-time members, and nine part-time members, appointed by the Central Government. Appointees must have significant expertise in accountancy, auditing, finance, or law and declare no conflicts of interest. The rules detail the appointment process, term of office, remuneration, and conditions for resignation or removal. Provisions for medical fitness, financial declarations, and restrictions on post-service employment are included, alongside guidelines for inquiries into misconduct.
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