INVITING APPLICATIONS FOR FILLING UP OF THE POST OF CHAIRPERSON  AND THREE FULL TIME MEMBERS IN THE NATIONAL FINANCIAL  REPORTING AUTHORITY (NFRA)

Applications are invited from Indian Nationals in the format given in Annexure - I for the post of Chairperson and in the format given in Annexure - II for the post of full time Members in the National Financial Reporting Authority (NFRA).

2. The head office of the NFRA shall be at New Delhi and the NFRA may, meet at such other placed in India as it deems fit.

3 . Qualifications: As per the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of chairperson and members) Rules, 2018, the Chairperson, NFRA shall be a person of eminence, ability, integrity and standing and having expertise and experience of not less than twenty-five years in the field of accountancy, auditing, finance or law. A full-time Member shall be a person of ability, integrity and standing and having expertise and experience of not less than twenty years in the field of accountancy, auditing, finance or law.

4. The Chairperson shall have the option to draw either a consolidated monthly salary of five lakhs sixty two thousand and five hundred rupees without house and car or the pay and allowances as are admissible to a Secretary to the Government of India and every full time member shall have the option to draw either a consolidated monthly salary of five lakhs rupees without house and car or the pay and allowances as are admissible to an Additional Secretary to the Government of India:

Provided that where the Chairperson exercises the option to receive pay as admissible to a Secretary to the Government of India or a full time member exercises the option to receive pay as admissible to an Additional Secretary to the Government of India and is in receipt of monthly pension from either the Central Government or a State Government, the pay of such Chairperson or Member, as the case may be, shall be reduced by the gross amount of pension drawn by him.

5. The Chairperson and all Members, before being appointed, shall submit a declaration to the Central Government confirming that they have no conflict of interest or lack of independence in respect of such appointment as Chairperson or Member in Form I annexed to the relevant rules, failing which their appointment shall not be considered.

6. The Chairperson and full-time Members shall not be associated with any audit firm including related consultancy firms during their appointment and two years after ceasing to hold such appointment.

7 . Tenure: The term of office of the Chairperson and a full time Member shall be three years from the date on which he enters upon his office or till he attains the age of sixty-five years, whichever is earlier, and he shall be eligible for re­appointment for one more term

 

8. The application form may be down-loaded from Ministry's website (www.mca.gov.in).

 

9. Applications in the prescribed format, duly completed in all respect should reach to Shri Hemant Kumar, Under Secretary, Ministry of Corporate Affairs, Room No. 526, 'A' Wing, 5th Floor, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi - 110001 latest by 3rd March, 2025 (5:30P.M.) through proper channel wherever applicable.

10. Separate applications must be submitted for the post of Chairperson and Member.

11. It may be noted that the Search-cum-Selection Committee is free to identify and recommend any other person also, based on merit, who has not applied for the post.

 

Annexure-I

 

APPLICATION FORM FOR THE POST OF CHAIRPERSON IN THE

NATIONAL FINANCIAL REPORTING AUTHORITY (NFRA)

Latest passport
size photograph

 

1.

Name (IN BLOCK LETTERS)

 

2.

Father's/Mother's Name

 

3.

Date of Birth (Proof to be attached)

 

4.

(i) Postal Address for Correspondence (with Pin Code)

(ii) Phone Number

(iii) E-mail ID

(iv) Fax

 

5.

Nationality

(only Indian nationals need apply)

 

6.

Educational Qualifications (self-attested copies to be attached)

 

7.

Service/Cadre/Batch

(In case of Government Employee)

 

8.

Present Posting/Occupation/Profession with

pay scale and basic pay.

 

9.

Details of previous postings/employment

(including period) and nature of activities
performed.

 

10.

Field of expertise as per prescribed eligibility criteria of the post and the number of years of experience thereon.

 

 

  1.  

Any other special qualification; or special

achievements; or participation in important

committees/working groups etc; or Foreign

assignments/training; or publication to the

applicant's credit; or National/International
recognition received, If any.

 

  1.  

In case of applicants, other than serving

government servants, testimonials from two

referees in responsible position (Not being

relatives) including their address, contact
numbers and e-mail ID, should be attached.

 

 

Undertaking

It is certified that the information furnished above is correct and that in the event of my selection, I shall resign/seek retirement, if already in any employment including government service, before my appointment as Chairperson, National Financial Reporting Authority.

Place:-

Date:-

(Signature with Date)

                                                                                                                      Name:______________

Instructions:

  1. In case of serving government servants, certificates as in Appendix - "A", issued by cadre controlling/competent authority are to be submitted along with the Application Form.
  2. Applications of serving government servants including PSUs/autonomous organisations should be sent through proper channel.
  3. The applicants may attach additional sheets in respect of any information where it is not possible to indicate the same in the relevant column.
  4. Incomplete applications or applications received after the due date are liable to be rejected.

 

                                                                             Appendix-"A"                          

Additional certificates for Government employees to be furnished by the cadre controlling/competent authority.

(i) There are no vigilance, disciplinary or criminal proceedings pending/contemplated against Sh./Smt.________

(ii) His/Her integrity is certified.

(iii) Duly authenticated copies of ACRS/APAR dossier of the applicant for the last five years are enclosed.

(iv) List of major/minor penalties, if any, imposed on the applicant during the last ten years/No penalty certificate is attached.

(Signature with Date)

Name:______________

Place:

Date:

List of enclosures:

1.

2.

3.

4.

5.