The National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018 - File No. 1/4/2016-CL.I - Companies Law

Appointment and tenure rules for NFRA establish eligibility, selection committee process, conflict declarations and post service restrictions.

The rules establish the Authority's composition and set eligibility criteria and appointment procedures: a chairperson, three full-time and nine part-time members appointed by the Central Government, with chair and full-time members selected on recommendation of a search cum selection committee. Appointees must declare absence of conflict of interest, be medically fit, and meet experience thresholds. Full-time incumbents face restrictions on association with audit firms, must declare assets, and are subject to post service employment limitations. Terms, remuneration, leave, removal grounds and inquiry procedures are specified, with Central Government power to relax or interpret provisions.