Whether NFRA has jurisdiction over Private Limited Companies and its Auditors?
Background: Section 132 – The Central Government may, by notification, constitute a National Financial Reporting Authority (NFRA) to provide for matters relating to accounting and auditing standards for adoption by companies or class of companies under the Act. While many provisions of the Act came into force on April 1, 2014, the setting up of …
Whether NFRA has jurisdiction over Private Limited Companies and its Auditors? Read More »