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<h1>New Chairperson Appointed to NFRA for Three-Year Term Under Companies Act, 2013, Starting October 1, 2018.</h1> The Central Government appointed an individual as the Chairperson of the National Financial Reporting Authority (NFRA) effective from October 1, 2018, for a term of three years or until reaching the age of sixty-five, whichever comes first. This appointment is under the authority of the Companies Act, 2013. The terms and conditions of service for this position are governed by the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018.