NFRA poised to get green light to draft regulations

Dedicated fund proposed in new Bill for regulator

- MANU KAUSHIK

THE NATIONAL FINANCIAL Reporting Authority (NFRA) will be given the powers to draft regulations under a new Bill to be tabled in the winter session of Parliament. The Bill would also provide for creation of a separate fund for NFRA, to make it financially autonomous.

The Corporate Laws (Amendment) Bill, 2025 will bring in a host of changes in both the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. It will seek to amend Section 132 of the Companies Act to give powers to NFRA to make regulations under specific circumstances by taking adequate safeguards, an official said.