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        Companies Law

        National Financial Reporting Authority Amendment Rules, 2022 - G.S.R. 456 (E) - Companies Law

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        Penalty for non-compliance under NFRA Rules amended to prescribe fines for contraventions and daily continuing breaches. The Central Government substitutes rule 13 of the National Financial Reporting Authority Rules, 2018 to prescribe a monetary fine for contraventions and an additional daily fine for each day a continuing contravention persists, establishing a two-tier penalty structure for breaches of the NFRA Rules.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Penalty for non-compliance under NFRA Rules amended to prescribe fines for contraventions and daily continuing breaches.

                            The Central Government substitutes rule 13 of the National Financial Reporting Authority Rules, 2018 to prescribe a monetary fine for contraventions and an additional daily fine for each day a continuing contravention persists, establishing a two-tier penalty structure for breaches of the NFRA Rules.


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