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of <h1>India Updates National Advisory Committee on Accounting Standards; New RBI and SEBI Representatives Appointed Under Section 210A.</h1> The Government of India, through the Ministry of Corporate Affairs, has amended the constitution of the National Advisory Committee on Accounting Standards under the Companies Act, 1956. The amendment substitutes the entries for two members in the notification dated 11th April 2012. The new members are the Chief General Manager-in-charge of the Department of Banking Operations and Development, representing the Reserve Bank of India, and the Chief General Manager of the Corporation Finance Department, representing the Securities and Exchange Board of India. These changes are made under specific clauses of section 210A.
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