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    <description>The Central Government appoints the chairperson and full time members of the National Financial Reporting Authority on the recommendation of a search cum selection committee chaired by the Cabinet Secretary and convened by the Secretary, Ministry of Corporate Affairs; the committee includes specified ex officio senior officers and three nominated experts, determines its own procedure, must recommend within a reasonable period, and vacancies or absences do not invalidate appointments. Part time membership includes prescribed ex officio representatives and two nominated experts.</description>
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