National Financial Reporting Authority (NFRA) New Delhi, a statutory body set up under Section 132 of Companies Act, 2013, established to protect the public interest and the interest of investors, creditors and others associated with the companies or body corporates by establishing high quality standards of accounting and auditing and exercising effective oversight on accounting functions performed by the companies and body corporates and auditing functions performed by auditors is looking to hire Consultant Law on a contract basis.
Educational Qualification and Experience:
LL.B. with total experience of five (05) years out of which three (03) years experience in dealing with a company and related laws.
Interested candidates can apply on the format prescribed by NFRA.
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About the Company:
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.
Functions and Duties:
As per Sub Section (2) of Section 132 of the Companies Act, 2013, the duties of the NFRA are to:
Recommend accounting and auditing policies and standards to be adopted by companies for approval by the Central Government;
Monitor and enforce compliance with accounting standards and auditing standards;
Oversee the quality of service of the professions associated with ensuring compliance with such standards and suggest measures for improvement in the quality of service;
Perform such other functions and duties as may be necessary or incidental to the aforesaid functions and duties.
Sub Rule (1) of Rule 4 of the NFRA Rules, 2018 , provides that the Authority shall protect the public interest and the interests of investors, creditors and others associated with the companies or bodies corporate governed under Rule 3 by establishing high quality standards of accounting and auditing and exercising effective oversight of accounting functions performed by the companies and bodies corporate and auditing functions performed by auditors.