CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Who was appointed as the Chair of the Technical Advisory Committee (TAC) of the National Financial Reporting Authority (NFRA)?

A	Ashok Jhunjhunwala
B	R. Narayanaswamy
C	Anindya Sinha
D	Abraham Verghese

Explanation:

Detailed explanation-1: -Synopsis. In October 2022, NFRA’s technical advisory committee (TAC) submitted a report that ‘presents a legal framework that would ensure NFRA’s functional, financial and administrative autonomy’. ET Prime spoke to TAC’s Chair R Narayanswamy to understand the contours of the report.

Detailed explanation-2: -UPSC Mains Q. Who has been appointed as the Chairman of the National Financial Reporting Authority (NFRA)? Notes: The Government has appointed former Finance Secretary Ajay Bhushan Pandey as Chairman of the National Financial Reporting Authority (NFRA).

Detailed explanation-3: -Composition of the NFRA The Companies Act requires the NFRA to have a chairperson who will be appointed by the Central Government and a maximum of 15 members.

Detailed explanation-4: -The National Financial Reporting Authority (NFRA) was constituted on 01st October, 2018 by the Government of India under Sub Section (1) of section 132 of the Companies Act, 2013.

There is 1 question to complete.