National Financial Reporting Authority (Recruitment, Salary, Allowances and Other Terms and Conditions of Service of Secretary, Officers and Other Employees of Authority) Rules, 2019
Published vide Notification No. G.S.R. 369(E), dated 16.05.2019
Last Updated 28th July, 2022 [act5021]
(a) "Act" means the Companies Act, 2013 (18 of 2013);
(b) "Authority" means the National Financial Reporting Authority (NFRA) constituted under sub-section (1) of section 132 of the Act;
(c) "employee" means employee of the Authority including Secretary, Officers and other employees;
(d) "Schedule" means the Schedule annexed to these rules.
(2) Words and expressions used and not defined in these rules but defined in the Act shall have the same meanings as respectively assigned to them in the Act. 3. Recruitment and appointment of employees. - (1) The number of posts sanctioned at each level or grade, mode of recruitment, eligibility and composition of Departmental Promotion Committee for each levels or grade shall be such as specified in the Schedule. (2) Appointment in all levels or grade shall be made by the Central Government as per the recommendations of the Departmental Promotion Committee as specified in the Schedule. (3) The Authority shall invite applications from eligible candidates after observing due process, examine suitability of their candidature and provide the list of eligible candidates to the Departmental Promotion Committee to undertake the selection process. (4) The Authority shall forward the recommendations of the Departmental Promotion Committee to the Central Government for consideration and appointment to all the posts. 4. Pay, allowances and other benefits. - (1) Pay of an employee of the Authority shall be such as per the Level in pay matrix as approved by the Central Government or pay scale as specified in the Schedule. (2) An employee appointed on deputation to an ex-cadre post may elect to draw either the pay in the scale of pay of the ex-cadre post or his pay in the parent cadre with deputation allowance. (3) The Secretary, officers and employees of the Authority who are not on deputation shall be governed by the new pension scheme. (4) The Secretary, officers and employees of the Authority who are on deputation shall be eligible for pension and retirement benefits, if any, as are available to them in their parent Ministry or Department or organization. (5) For an employee other than an employee on deputation to the Authority, the Authority may, from time to time, frame such schemes and allow such other benefits for the welfare of the employees on such terms and conditions as may be approved by the Central Government from time to time. 5. Official visits abroad. - (1) The official visits to abroad by Secretary, officers and other employees of the Authority shall be undertaken with the prior approval of the Chairperson of the Authority or any other Member or officer of the Authority authorized by the Chairperson. (2) Instructions issued by Ministry of External Affairs and Ministry of Finance as amended from time to time shall be applicable. 6. Residuary provision. - Matters relating to the terms and conditions of service of the Secretary, Officers and Other Employees of the Authority with respect to which no express provision has been made in these rules, shall be referred by the Authority to the Central Government for its decision and the decision of the Central Government shall be binding on the parties. 7. Power to relax. - Where the Central Government is of the opinion that it is necessary or expedient so to do, it may, by order and for reasons to be recorded in writing, relax any of the provisions of these rules with respect to any class or category of persons.Schedule
Name of post |
Number of post |
Classification. |
Level in pay matrix |
Whether selection post or non selection post |
Age-limit for direct recruits |
Educational and other qualifications required for direct recruits |
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
1. Secretary |
01 *(2019). * (Subject to variation dependent on workload) |
Not applicable |
Level-14 (Rs.144200- 218200) |
Selection. |
Not applicable. |
Not applicable |
2. Executive Director |
05 *(2019). * (Subject to variation dependent on workload) |
Not applicable |
Rs.120500- 3500(2)- 127500(3) |
Selection |
Not applicable |
Not applicable |
3. Chief General Manager (CGM) |
04 *(2019) * (Subject to variation dependent on workload) |
Not applicable |
Grade F Rs. 101900- 3000(4)- 113900(5) |
Selection |
Not applicable |
Not applicable |
4. General Manager (GM) |
04 *(2019). * (Subject to variation dependent on workload) |
Not applicable |
Grade E Rs. 72800- 2250 (1)- 75050-2400 (2)- 79850- 2500 (3)- 87350-3000 (5)- 102350 (12) |
Selection |
Not applicable |
Not applicable |
5. Deputy General Manager (DGM). |
05 *(2019). * (Subject to variation dependent on workload). |
Not applicable. |
Grade D Rs. 68500- 2150 (2)- 72800- 2250(6)- 86300 (9). |
Selection. |
Not applicable. |
Not applicable. |
6. Assistant General Manager (AGM) |
08 *(2019). * (Subject to variation dependent on workload) |
Not applicable |
Grade C Rs. 49000- 1750 (3)- 54250- 1900 (2)- 58050- 2000 (4)- 66050- EB- 2000(2)- 70050- 2150(1) - 72200 (13). |
Selection |
Not applicable |
Not applicable |
7. Manager |
13 *(2019). * (Subject to variation dependent on workload) |
Not applicable |
Grade B Rs.35150- 1750(9)- 50900- EB- 1750(2)- 54400- 2000(4)- 62400 (16) |
Selection |
Between twenty one and thirty years |
Chartered Accountant or Master of Business Administration with specialization in Finance or Accounting or Chartered Financial Analysis or Law or Post- Graduation in Commerce, Economics, Finance or any other discipline, from a recognized University or Institution with a minimum six years of post-qualification experience in the fields of law, investigation, Information Technology, Finance, Economics, Accountancy, Auditing, Administration. |
8. Assistant Manager |
13 *(2019) * (Subject to variation dependent on workload). |
Not applicable |
Grade A Rs. 28150- 1550(4)- 34350- 1750(7)- 46600- EB-1750 (4)- 53600- 2000(1)- 55600. |
Selection |
Between twenty one and thirty years. |
Chartered Accountant or Master of Business Administration with specialization in Finance or Accounting or Chartered Financial Analysis or Law or Graduation in Commerce, Economics, Finance, Bachelor of Technology in Computer Science or Engineering or Master in Computer Application or any other discipline, from a recognised University or Institution with a minimum of two years of post-qualification experience in accounting or auditing or law or bank. |
9. Personal or General Assistant. |
4 *(2019). * (Subject to variation dependent on workload). |
Not applicable. |
Grade III Rs.20650- 1150(3)- 24100- 1225(1)- 25325- 1325(3)- 29300- 1475(6)- 38150- 1525(2)- 41200- 1740(2)- 44680- 1875(1). |
Selection. |
Not applicable. |
Not applicable. |
10. Personal or General Assistant. |
03 *(2019). * (Subject to variation dependent on workload). |
Not applicable. |
Grade II Rs.13150- 750(3)- 15400- 900(4)- 19000- 1200(6)- 26200- 1300(2)- 28800- 1480(3)- 33240- 1750(1)- 34990. |
Selection. |
Not applicable. |
Not applicable. |
11. Personal or General Assistant. |
03 *(2019). * (Subject to variation dependent on workload). |
Not applicable. |
Grade I Rs.10940- 380(4)- 12460- 440(3)- 13780- 520(3)- 15340- 690(2)- 16720- 860(4)- 20160- 1180(3)- 23700. |
Selection. |
Not applicable. |
Not applicable. |
12. Sr. PS. |
03 *(2019). * (Subject to variation dependent on workload). |
Not applicable. |
Level 8 (Rs. 47600- 105900). |
Selection. |
Not applicable. |
Not applicable. |
13. Private Secretary |
01 *(2019). * (Subject to variation dependent on workload) |
Not applicable |
Level 7 (Rs. 44900- 99800) |
Selection |
Not applicable |
Not applicable |
14. Driver |
02 *(2019). * (Subject to variation dependent on workload) |
Not applicable |
Level 2 (Rs. 19900- 44400) |
Non selection |
Not applicable |
Not applicable |
Cont......
Whether age and educational qualifications prescribed for direct recruits will apply in the case of promotes |
Period of probation, if any |
Method of recruitment, whether by direct recruitment or by promotion or by deputation/ absorption and percentage of the vacancies to be filled by various methods |
In case of recruitment by promotion or deputation or absorption grades from which promotion or deputation or absorption to be made |
If a Departmental Promotion Committee exists, what is its composition |
Circumstances under which Union Public Service Commission is to be consulted in making recruitment |
(8) |
(9) |
(10) |
(11) |
(12) |
(13) |
Not applicable |
Not applicable |
By Deputation |
Group A Officers from All India or Central Civil Services: (i) in the grade rendered after appointment thereto on regular basis in Level 14 (Rs. 144200- 218200) in the pay matrix; or (ii) with two years of regular service in the grade rendered after appointment thereto on a regular basis in Level 13A (Rs. 131100- 216600) in the pay matrix; or (iii) with three years of regular service in the grade rendered after appointment thereto on a regular basis in Level-13 (Rs. 123100- 215900) in the pay matrix. AND Possessing a minimum of twenty years' experience in dealing with issues relating to finance, economics, investigation, accountancy, audit, administration. Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other orginasition or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications) |
1. Secretary (Ministry of Corporate Affairs)- Chairman; 2. Chairperson (National Financial Reporting Authority)- Member; 3. Joint Secretary (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member; 4. One External Expert to be nominated by the Central Government- Member. |
Not applicable. |
Not applicable |
Not applicable |
Promotion, failing which by deputation or Short Term Contract |
Promotion: Minimum three years of service in Grade F. Deputation or Short Term Contract: Group A Officers from All India or Central Civil Services who has completed minimum eighteen years' service: (i) with eight years of service in the grade rendered after appointment thereto on regular basis in Level 12 (Rs. 78800- 209200) in the pay matrix; or (ii) with six years of service in the grade rendered after appointment thereto on regular basis in Level 13 (Rs. 123100- 215900) in the pay matrix; and minimum six years post-qualification experience in the fields of law, investigation, Finance, Economics, Accountancy, Auditing, Administration OR Officers from Reserve Bank of India, Banks, Financial Institutions, regulatory bodies, statutory bodies, Public Sector Undertakings and other Government institutions with not less than twenty years of experience in the officer cadre, of which, minimum fifteen years post-qualification experience in the fields of law, investigation, Finance, Economics, Accountancy, Auditing, Administration AND Possessing the following educational qualification: Essential: Master of Business Administration or equivalent with specialization in Finance or Chartered Accountant or Chartered Financial Analyst or Post graduation in Economics, Finance or any other discipline, from a recognised University or Institution. Desirable: Degree in Law from recognised university. Promotion: Note: Where juniors who have completed their qualifying or eligibility service are being considered for promotion, their seniors would also be considered provided they are not short of the requisite qualifying or eligibility service by more than half of such qualifying or eligibility service or two year, whichever is less, and have successfully completed their probation period for promotion to the next higher grade along with their juniors who have already completed such qualifying or eligibility service. Deputation: Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications). |
1. Chairperson, National Financial Reporting Authority- Chairman; 2. One Full time Member, National Financial Reporting Authority - Member; 3. Joint Secretary (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member; 4. One External Expert to be nominated by National Financial Reporting Authority- Member. |
Not applicable |
Not applicable |
Not applicable |
Promotion, failing which by deputation or Short Term Contract |
Promotion: Minimum three years of service in Grade E. Deputation or Short Term Contract: Group A Officers from All India or Central Civil Services: (i) with five years of regular service in the grade rendered after appointment thereto on regular basis in Level 12 (Rs. 78800- 209200) in the pay matrix; or (ii) with ten years of regular service in the grade rendered after appointment thereto on regular basis in Level 11 (Rs. 67700- 208700) in the pay matrix; and minimum five years post-qualification experience in the fields of law, investigation, Finance, Economics, Accountancy, Auditing, Administration OR Officers From Reserve Bank of India, Banks, Financial Institutions, regulatory bodies, statutory bodies, Public Sector Undertakings and other Government institutions with not less than fourteen years of experience in the officer cadre, of which, minimum seven years post-qualification experience in the fields of law, investigation, Finance, Economics, Accountancy, Auditing, Administration AND Possessing the following educational qualification: Essential: Master of Business Administration or equivalent with specialization in Finance or Chartered Accountant or Chartered Financial Analyst or Post graduation in Economics, Finance or any other discipline, from a recognised University or Institution. Desirable: Degree in Law from recognised university. Promotion: Note: Where
juniors who have completed their qualifying or eligibility
service are being considered for promotion, their seniors would
also be considered provided they are not short of the requisite
qualifying or eligibility service by more than half of such
qualifying or eligibility service or two year, whichever is less,
and have successfully completed their probation period for
promotion to the next higher grade along with their juniors who
have already completed such qualifying or eligibility service.
Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five years. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications) |
1. Chairperson, National Financial Reporting Authority- Chairman; 2. One Full time Member, National Financial Reporting Authority- Member; 3. Joint Secretary (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member; 4. One External Expert to be nominated by National Financial Reporting Authority- Member. |
Not applicable |
Not applicable |
Not applicable |
Promotion, failing which by deputation or Short Term Contract |
Promotion: Minimum three years of service in Grade D. Deputation or Short Term Contract: Group A Officers from All India or Central Civil Services: (i) with five years of regular service in the grade rendered after appointment thereto on regular basis in Level 12 (Rs. 78800- 209200) in the pay matrix; or (ii) with ten years of regular service in the grade rendered after appointment thereto on regular basis in Level 11 (Rs. 67700- 208700) in the pay matrix; and minimum five years post-qualification experience in the fields of law, investigation, Finance, Economics, Accountancy, Auditing, Administration OR Officers From Reserve Bank of India, Banks, Financial Institutions, regulatory bodies, statutory bodies, Public Sector Undertakings and other Government institutions with not less than fourteen years of experience in the officer cadre or management grade, of which, minimum seven years post-qualification experience in the fields of law, investigation, Finance, Economics, Accountancy, Auditing, Administration AND Possessing the following educational qualification: Essential: Master of Business Administration or equivalent with specialization in Finance or Chartered Accountant or Chartered Financial Analyst or Post graduation in Economics, Finance or any other discipline, from a recognised University or Institution. Desirable: Degree in Law from recognised university. Promotion: Note: Where juniors who have completed their qualifying or eligibility service are being considered for promotion, their seniors would also be considered provided they are not short of the requisite qualifying or eligibility service by more than half of such qualifying or eligibility service or two year, whichever is less, and have successfully completed their probation period for promotion to the next higher grade along with their juniors who have already completed such qualifying or eligibility service. Deputation: Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications). |
1. Chairperson, National Financial Reporting Authority- Chairman;
2. One Full time Member, National Financial Reporting Authority- Member; 3. Joint Secretary (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member; 4. One External Expert to be nominated by National Financial Reporting Authority- Member. |
Not applicable |
Not applicable. |
Not applicable. |
Promotion, failing which by deputation or Short Term Contract. |
Promotion: Minimum three years of service in Grade C. Deputation or Short Term Contract: Group A Officers from All India or Central Civil Services: (i) in the grade rendered after appointment thereto on regular basis in Level 12 (Rs. 78800-209200) in the pay matrix; or (ii) with five years of regular service in the grade rendered after appointment thereto on regular basis in Level 11 (Rs. 67700-208700) in the pay matrix; or (iii) with nine years of regular service in the grade rendered after appointment thereto on regular basis in Level 10 (Rs. 56100-177500) in the pay matrix; and minimum three years post-qualification experience in the fields of law, investigation, Information Technology, Finance, Economics, Accountancy, Auditing, Administration; OR Officers from Reserve Bank of India, Banks, Financial Institutions, regulatory bodies, statutory bodies, Public Sector Undertakings and other Government institutions with not less than ten years of experience in the officer cadre or Management grade, of which, minimum five years post-qualification experience in the fields of law, investigation, Information Technology, Finance, Economics, Accountancy, Auditing, Administration. AND Possessing the following educational qualification: Essential: Chartered Accountant or Master of Business Administration with specialization in Finance or Accounting or Chartered Financial Analysis or Post graduation in Commerce, Economics, Finance or any other discipline, from a recognized University or Institution. Desirable: Degree in Law from a recognized university. Promotion: Note: Where juniors who have completed their qualifying or eligibility service are being considered for promotion, their seniors would also be considered provided they are not short of the requisite qualifying or eligibility service by more than half of such qualifying or eligibility service or two year, whichever is less, and have successfully completed their probation period for promotion to the next higher grade along with their juniors who have already completed such qualifying or eligibility service. Deputation: Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications). |
1. Chairperson, National Financial Reporting Authority- Chairman; 2. One Full time Member, National Financial Reporting Authority- Member; 3. Deputy Secretary or Director (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member; 4. One External Expert to be nominated by National Financial Reporting Authority- Member. |
Not applicable. |
Not applicable |
Not applicable |
Promotion, failing which by deputation or Short Term Contract |
Promotion: Minimum three years of service in Grade B. Deputation or Short Term Contract: Group A Officers from All India or Central Civil Services: (i) with three years of regular service in the grade rendered after appointment thereto on regular basis in Level 11 (Rs. 67700-208700) in the pay matrix; or (ii) with seven years of regular service in the grade rendered after appointment thereto on regular basis in Level 10 (Rs. 56100-177500) in the pay matrix; and minimum three years post-qualification experience in the fields of law, investigation, Information Technology, Finance, Economics, Accountancy, Auditing, Administration; OR Officers from Reserve Bank of India, Banks, Financial Institutions, regulatory bodies, statutory bodies, Public Sector Undertakings and other Government institutions with not less than ten years of experience in the officer cadre or Management Grade, of which, minimum five years post-qualification experience in the fields of law, investigation, Information Technology, Finance, Economics, Accountancy, Auditing, Administration. AND Possessing the following educational qualification: Essential: Chartered Accountant or Master of Business Administration with specialization in Finance or Accounting or Chartered Financial Analysis or Post graduation in Commerce, Economics, Finance or any other discipline, from a recognized University or Institution. Desirable:
Degree in Law from a recognized university. Note: Where
juniors who have completed their qualifying or eligibility
service are being considered for promotion, their seniors would
also be considered provided they are not short of the requisite
qualifying or eligibility service by more than half of such
qualifying or eligibility service or two year, whichever is less,
and have successfully completed their probation period for
promotion to the next higher grade along with their juniors who
have already completed such qualifying or eligibility service.
Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications). |
1. Chairperson, National Financial Reporting Authority- Chairman;
2. One Full time Member, National Financial Reporting Authority- Member; 3. Deputy Secretary or Director (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member; 4. One External Expert to be nominated by National Financial Reporting Authority- Member. |
Not applicable |
Not applicable |
Two years in case of direct recruitment |
(a) Direct Recruitment: Forty percent (Through written exam followed by personal interview). (b) Promotion failing which by direct recruitment: Thirty percent, (c) Deputation* or Short Term Contract basis: Thirty percent. |
Promotion: Minimum three years of service in Grade- A Deputation: Deputation or Short Term Contract: An officer of Central Government or State Governments or Union territories or Public Sector Undertakings or autonomous and statutory bodies: (i) with regular service in the grade rendered after appointment thereto on regular basis in Level 10 (Rs. 56100-177500) in the pay matrix; or (ii) with three years of regular service in the grade rendered after appointment thereto on regular basis in Level 8 (Rs. 47600-151100) in the pay matrix; and minimum two years post-qualification experience in the fields of law, investigation, Information Technology, Finance, Economics, Accountancy, Auditing, Administration. OR Officers from Reserve Bank of India, Banks, Financial Institutions, regulatory bodies, statutory bodies, Public Sector Undertakings and other government institutions with not less than six years of experience in the officer cadre or Junior Management grade, of which, minimum three years post-qualification experience in the fields of law, investigation, Information, Technology, Finance, Economics, Accountancy, Auditing, Administration. AND Possessing the
following educational qualification: Chartered Accountant or
Business Administration with specialization in Finance or
Accounting or Chartered Financial Analysis or Law or Post
Graduation in Commerce Economics, Finance or any other
discipline,from a recognized University or institution eligibility service by more than half of such qualifying or eligibility service or two year, whichever is less, and have successfully completed their probation period for promotion to the next higher grade along with their juniors who have already completed such qualifying or eligibility service. Deputation: Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications). |
1. Chairperson, National Financial Reporting Authority- Chairman; 2. One Full time Member, National Financial Reporting Authority- Member; 3. Deputy Secretary or Director (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member; 4. One External Expert to be nominated by National Financial Reporting Authority- Member. |
Not applicable |
Not applicable. |
Two years in case of direct recruitment. |
(a) Direct Recruitment: Sixty percent. (Through written exam followed by personal interview). (b) Deputation or Short Term Contract basis failing which by direct recruitment: Forty percent. |
Deputation or Short Term Contract: An officer of Central Government or State Governments, or Union territories or Public Sector Undertakings or autonomous and statutory bodies: (i) with regular service in the grade rendered after appointment thereto on regular basis in Level 8 (Rs. 47600-151100) in the pay matrix; or (ii) with two years of regular service in the grade rendered after appointment thereto on regular basis in Level 7 (Rs. 44900-142400) in the pay matrix; and minimum two years post-qualification experience in the fields of law, investigation, Information Technology, Finance, Economics, Accountancy, Auditing, Administration. OR Officers from Reserve Bank of India, Banks, Financial Institutions, regulatory bodies, statutory bodies, Public Sector Undertakings and other government institutions with a minimum of two years of relevant experience in the officer cadre or Junior management grade. AND Possessing the following educational qualification: Chartered Accountant or Master of Business Administration with specialization in Finance or Accounting or Chartered Financial Analysis or Law or Graduation in Commerce, Economics, Finance, Bachelor of Technology in Computer Science or Engineering or Master in Computer Application or any other discipline, from a recognised University or Institution. Deputation: Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications). |
1. Chairperson, National Financial Reporting Authority- Chairman; 2. One Full time Member, National Financial Reporting Authority- Member; 3. Deputy Secretary or Director (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member; 4. One External Expert to be nominated by National Financial Reporting Authority- Member. |
Not applicable |
Not applicable. |
Not applicable. |
By Deputation or Short Term Contract. |
Deputation (including short-term contract): An officer of Central Government or State Governments or Union territories or Public Sector Undertakings or autonomous and statutory bodies: (i) holding analogous post on regular basis in the parent cadre or department; or (ii) with a minimum of six years of regular service, in the grade rendered after appointment thereto on regular basis in Level 6 (Rs. 35400-112400) in the pay matrix or equivalent. AND Possessing the
following educational qualification: Desirable: (i) working experience in dealing with Regulatory Authority or Statutory Bodies or Other Government Institutions; (ii) working knowledge of computer; (iii) skill in stenography and typing. Deputation: Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications). |
1. Secretary, National Financial Reporting Authority- Chairman; 2. Deputy Secretary or Director (National Financial Reporting Authority or Ministry of Corporate Affairs- Member; 3. Executive Director, National Financial Reporting Authority- Member. |
Not applicable. |
Not applicable. |
Not applicable. |
By Deputation or Short Term Contract. |
Deputation (including short-term contract): An officer of Central Government or State Governments or Union territories or Public Sector Undertakings or autonomous and statutory bodies: (i) holding analogous post on regular basis in the parent cadre or department; or (ii) with a minimum of four years of regular service, in the grade rendered after appointment thereto on regular basis in Level 5 (Rs.29200- 92300) in the pay matrix or equivalent. AND Possessing the following educational qualification:
Desirable: (i) working experience in dealing with Regulatory Authority or Statutory Bodies or Other Government Institutions; (ii) working knowledge of computer; (iii) skill in stenography and typing. Deputation: Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications). |
1. Secretary, National Financial Reporting Authority- Chairman;
2. Deputy Secretary or Director (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member; 3. Executive Director, National Financial Reporting Authority- Member. |
Not applicable. |
Not applicable. |
Not applicable. |
By Deputation or Short Term Contract. |
Deputation (including short-term contract): An officer of Central Government or State Governments or Union territories or Public Sector Undertakings or autonomous and statutory bodies: (i) holding analogous post on regular basis in the parent cadre or department; or (ii) with a minimum of two years of regular service, in the grade rendered after appointment thereto on regular basis in Level 3 (Rs. 21700-69100) in the pay matrix or equivalent. AND Possessing the following educational qualification: Essential: Graduate degree from
a recognized university or equivalent. (i) working experience in dealing with Regulatory Authority or Statutory Bodies or Other Government Institutions; (ii) working knowledge of computer; (iii) skill in stenography and typing. Deputation: Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications). |
1. Secretary, National Financial Reporting Authority- Chairman; 2. Deputy Secretary or Director (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member; 3. Executive Director, National Financial Reporting Authority- Member. |
Not applicable. |
Not applicable. |
Not applicable. |
By Deputation or Short Term Contract. |
Deputation (including short-term contract): An officer of Central Government or State Governments or Union territories: (i) in the grade rendered after appointment thereto on regular basis in Level 8 (47600- 151100) in the pay matrix or equivalent; or (ii) with a minimum of four years of regular service, in the grade rendered after appointment thereto on regular basis in Level 7 (Rs. 44900-142400) in the pay matrix. AND Possessing the following educational qualification: Essential: Graduate degree from a recognized university or equivalent. Desirable: Working experience in regulatory Authority or Statutory Bodies or Other Government Institutions. Deputation: Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications). |
1. Secretary, National Financial Reporting Authority- Chairman; 2. Chief General Manager or General Manager, National Financial Reporting Authority- Member; 3. Under Secretary (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member. |
Not applicable. |
Not applicable |
Not applicable |
By Deputation or Short Term Contract |
Deputation (including short-term contract): An officer of Central Government or State Governments or Union territories: (i) in the grade rendered after appointment thereto on regular basis in Level 7 (Rs. 44900-142400) in the pay matrix or equivalent; or (ii) with a minimum of four years of regular service, in the grade rendered after appointment thereto on regular basis in Level 6 (Rs.35400- 112400) in the pay matrix. AND Possessing the following educational qualification: Essential:Graduate degree from a recognized university or equivalent. Desirable: Working experience in regulatory Authority or Statutory Bodies or Other Government Institutions. Deputation: Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. (Period of deputation including period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age-limit for appointment by deputation or contract shall be not exceeding fifty six years as on the closing date of receipt of applications) |
1. Secretary, National Financial Reporting Authority- Chairman; 2. Chief General Manager or General Manager, National Financial Reporting Authority- Member; 3. Under Secretary (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member. |
Not applicable |
Not applicable |
Two years for reemployed |
Deputation. For Armed Forces personnel: Deputation or reemployment. |
Deputation: From amongst the regular Group C employees in level 2 (Rs.19900- 63200) in the pay matrix in the Ministry of Corporate Affairs who possess valid Driving License for Motor Cars on the basis of a Driving Test to assess the competence to drive Motor Cars failing which from officials holding the post of Dispatch Rider on regular basis or regular Group C employees in Level 2 (Rs.19900- 63200) in the pay matrix in other Ministries of the Central Government. Essential: (1) Possession of a valid driving license for motor cars; (2) Knowledge of motor mechanism (The candidate should be able to remove minor-defects in vehicle); (3) Experience of driving a motor car for at least three years; and (4) Pass in 10th standard. Deputation or re-employment for Armed Forces Personnel: The Armed Forces Personnel due to retire or who are to be transferred to reserve within a period of one year and having the requisite experience and qualification prescribed shall also be considered. Such persons would be given deputation terms upto the date on which they are due for release from the Armed Forces; thereafter they may be continued on re- employment. Deputation: Note 1: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation. Similarly, deputationists shall not be eligible for consideration for appointment by promotion. Note 2: the period of deputation including the period of deputation in another excadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five year. The maximum age limit for appointment by deputation shall be 'Not exceeding sixty five years' as on the closing date of receipt of applications. |
1. Secretary, National Financial Reporting Authority- Chairman; 2. Chief General Manager or General Manager, National Financial Reporting Authority- Member; 3. Under Secretary (National Financial Reporting Authority or Ministry of Corporate Affairs)- Member. |
Not applicable |