**Executive Summary**
The document is a notification from the Ministry of Corporate Affairs amending the National Financial Reporting Authority appointment of Part-time members, Rules, 2022. The amendment, called the National Financial Reporting Authority appointment of Part-time members (Amendment) Rules, 2025, comes into force on the date of its publication in the Official Gazette which is January 16, 2026. It replaces entries for the names and positions of part-time members.
**Key Points / Main Content**
* **Amendment Rules:**
* The rules are called the National Financial Reporting Authority appointment of Part-time members (Amendment) Rules, 2025.
* The rules come into force on the date of their publication in the Official Gazette.
* **Replacement of NFRA Part-Time Members:**
* The following members are appointed:
* Shri Balamurugan D, Joint Secretary, Ministry of Corporate Affairs.
* Shri Anand Mohan Bajaj, Deputy Comptroller and Auditor General of India.
* Ms. Sudha Balakrishnan, Chief Financial Officer, Reserve Bank of India.
* Shri Jeevan Sonparote, Executive Director, Securities and Exchange Board of India.
**Impact Analysis**
**Ministry of Corporate Affairs**
* **Impact:** The Ministry is responsible for issuing the notification and ensuring compliance with the amended rules.
* **Action Required:** Implement the updated member appointments.
**National Financial Reporting Authority (NFRA)**
* **Impact:** Composition of the part-time members of the NFRA is altered.
* **Action Required:** Acknowledge and integrate the new part-time members into the NFRA's operations.
**Newly Appointed Part-Time Members**
* **Impact:** New responsibilities in their capacity as NFRA part-time members.
* **Action Required:** Assume their roles and responsibilities within the NFRA.
Key Entities Referenced
National Financial Reporting Authority appointment of Part-time members, Rules, 2022: The principal rules being amended by this notification.
National Financial Reporting Authority appointment of Part-time members (Amendment) Rules, 2025: The rules being introduced to amend the 2022 rules.
Ministry of Corporate Affairs: The ministry issuing the notification.
Companies Act, 2013: The act under which the notification is issued, specifically referencing section 132.
National Financial Reporting Authority: The authority whose part-time member appointments are governed by these rules.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-16012026-269402
xxxGIDHxxx
CG-DLxx-ExG-I1D6E0x1x2x0 26-269402
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 42] नई दिल्ली, िुक्रवार, िनवरी 16, 2026/पौष 26, 1947
No. 42] NEW DELHI, FRIDAY, JANUARY 16, 2026/PAUSHA 26, 1947
कारपोरेट कार् य मत्रं ालर्
अजधसचू ना
नई दिल्ली, 13 िनवरी, 2026
सा.का.जन. 42(अ).— केन्द्रीर् सरकार, कंपनी अजधजनर्म, 2013 (2013 का 18) की धारा 132 की उप-धारा (3)
द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, राष्ट्रीर् जवत्तीर् ररपोर्टिंग प्राजधकरण के अंिकाजलक सिस्ट्र्ों की जनर्ुजि जनर्म,
2022 का और संधोधन करने के जलए जनम्नजलजखत जनर्म बनाती है, अर्ायत:् -
1. (1) इन जनर्मों का संजिप्त नाम राष्ट्रीर् जवत्तीर् ररपोर्टिंग प्राजधकरण के अंिकाजलक सिस्ट्र्ों की जनर्ुजि
(संिोधन) जनर्म, 2025 ह।ै
(2) र् ेरािपत्र म ेंइनके प्रकािन की तारीख को प्रवृत्त होंगे।
2. राष्ट्रीर् जवत्तीर् ररपोर्टिंग प्राजधकरण अंिकाजलक सिस्ट्र् की जनर्ुजि जनर्म, 2022 के, जनर्म 2 म,ें क्रम सख्ं र्ा (1),
क्रम संख्र्ा (2), क्रम संख्र्ा (3) और क्रम संख्र्ा (4) तर्ा उससे संबंजधत प्रजवजिर्ों के स्ट्र्ान पर, जनम्नजलजखत क्रम सख्ं र्ा
और प्रजवजिर्ााँ रखी िाएगं ी,
अर्ायतः-
359 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(1) श्री बालमरुु गन डी, संर्ुि सजचव, कारपोरेट कार्य मंत्रालर्;
(2) श्री आनंि मोहन बिाि, भारत के उप जनर्ंत्रक एव ंमहालखे ा परीिक;
(3) सश्रु ी सुधा बालाकृष्णन, मख्ु र् जवत्तीर् अजधकारी, भारतीर् ररिवय बैंक;
(4) श्री िीवन सोनपरोटे, कार्यकारी जनिेिक, भारतीर् प्रजतभूजत और जवजनमर् बोड य
[फा. स.ं एनएफआरए-05/6/2018-एनएफआरए-एमसीए]
िान्द्तनु जमत्र, वररष्ठ आर्र्यक सलाहकार
नोट : राष्ट्रीर् जवत्तीर् ररपोर्टिंग प्राजधकरण के अंिकाजलक सिस्ट्र्ों की जनर्ुजि जनर्म, 2022 भारत के रािपत्र, असाधारण,
भाग-II, खडं 3, उप-खडं (i) म ेंअजधसूचना संख्र्ांक सा.का.जन. 220(अ), तारीख 23 माच,य 2022 द्वारा प्रकाजित दकए
गए र्े, तत्पश्चात ् अजधसूचना सख्ं र्ांक सा.का.जन. 400(अ), तारीख 25 मई, 2022; सा.का.जन. 602(अ), तारीख 22
िुलाई, 2022 द्वारा संिोजधत दकए गए और अजधसूचना संख्र्ा सा.का.जन. 496(अ), तारीख 13 अगस्ट्त, 2024 द्वारा
अंजतम बार संिोजधत दकए गए।
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 13th January, 2026
G.S.R. 42(E).— In exercise of the powers conferred by sub-section (3) of section 132 of the Companies Act,
2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the National Financial
Reporting Authority appointment of Part-time members, Rules, 2022, namely:—
1. (1) These rules may be called the National Financial Reporting Authority appointment of Part-time members
(Amendment) Rules, 2025.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the National Financial Reporting Authority appointment of Part-time members, Rules, 2022, in rule 2, for
serial numbers (1), (2), (3) and (4) and the entries relating thereto, the following serial numbers and entries shall be
substituted, namely:-
“(1) Shri Balamurugan D, Joint Secretary, Ministry of Corporate Affairs;
(2) Shri Anand Mohan Bajaj, Deputy Comptroller and Auditor General of India;
(3) Ms. Sudha Balakrishnan, Chief Financial Officer, Reserve Bank of India;
(4) Shri Jeevan Sonparote, Executive Director, Securities and Exchange Board of India.”
[F. No. NFRA-05/6/2018-NFRA-MCA]
SANTANU MITRA, Senior Economic Adviser
Note: The National Financial Reporting Authority appointment of Part-time members, Rules, 2022 were published in
the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 220 (E),
dated the 23rd March, 2022, subsequently amended vide notification number G.S.R 400(E), dated the 25th May,
2022; G.S.R 602(E), dated the 22nd July, 2022 and last amended vide notification number G.S.R. 496(E), dated
the 13th August, 2024.
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