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of <h1>NFRA Amendment Rules 2019: Timeframe for Chairperson and Members' Actions Changed to 'Reasonable Period' from 120 Days.</h1> The National Financial Reporting Authority (NFRA) Amendment Rules, 2019, issued by the Ministry of Corporate Affairs, modify the 2018 rules concerning the appointment and service terms of the NFRA Chairperson and Members. Specifically, the amendment changes the timeframe for actions specified in rule 4, sub-rule (5), from 'within a period not exceeding one hundred and twenty days' to 'within a reasonable period of time.' These amendments come into effect upon their publication in the Official Gazette.
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