NFRA Powers Explained: Can Your Firm Really Be Debarred for 10 Years?
NFRA powers under Section 132 of the Companies Act, 2013: debarment up to 10 years, penalties (Rs. 1L/5x fees individuals; Rs. 10L/10x fees firms), civil-court powers, who falls under NFRA jurisdiction, and what every audit professional must do now.
TaxSocial Editorial Team
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This is the byline for articles produced by TaxSocial's own editorial desk rather than by an individual contributor. Every article under this name is written from the primary source — the Act, the rules made under it, the gazette notification, the circular or the judgment — and is checked against that source before it is published. Articles carry the date they were published and are updated when the law moves. How we work, and how to report an error, is set out on the Editorial Team page.