NFRA News
In four separate orders, NFRA levied a fine of Rs 1 lakh each on auditors -- Mathew Samuel, Sam Varghese, Harish Kumar T K, and M Baskaran. The auditors are partners of audit firm K Varghese & Co.
Cabinet may consider setting up of National Financial Reporting Authority (NAFRA) as envisaged in the Companies e meeting mAct, 2013.
Creation of National Financial Reporting Authority (NFRA) was proposed in Companies Act 2013, but the body never came into existence.
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