MCA Notifies Amendment in NFRA Part-Time Members Rules, 2022

The Ministry of Corporate Affairs recently shared a notification on January 13, 2026, regarding the appointment of Part-time members.

The Central Government, using its power given by section 132 (3) of the Companies Act 2013 (18), amends the National Financial Reporting Authority appointment of Part-time members, Rules 2022.

These new rules will be known as the National Financial Reporting Authority appointment of Part-time members (Amendment) Rules, 2025.

The National Financial Reporting Authority appointment of Part-time members, Rules, 2022, have been amended. The amendment involves substituting the previous members listed in Rule 2. The new members are:

1. Shri Balamurugan D – Joint Secretary at the Ministry of Corporate Affairs
2. Shri Anand Mohan Bajaj – Deputy Comptroller and Auditor General of India
3. Ms. Sudha Balakrishnan – Chief Financial Officer at the Reserve Bank of India
4. Shri Jeevan Sonparote – Executive Director at the Securities and Exchange Board of India

This notification will come into force on the date of its publication in the Official Gazette.