Section 132 Constitution of National Financial Reporting Authority – Companies Act 2013

Amended and updated notes on section 132 of Companies Act 2013. Provisions and rules for constitution of National Financial Reporting Authority (NFRA).

Amended and updated notes on section 132 of Companies Act 2013. Detail discussion on provisions and rules related to constitution of National Financial Reporting Authority (NFRA).

Chapter IX (Sections 128138) of the Companies Act, 2013 (CA 2013) deals with the provisions related to accounts of companies. Section 132 of CA 2013 provides for Constitution of National Financial Reporting Authority.

Recently, we have discussed in detail section 131 (Voluntary revision of financial statements or Board’s report) of CA 2013. Today, we learn the provisions of section 132 of Companies Act 2013.

Section 132 of the Companies Act, 2013 has been notified by the Ministry of Corporate Affairs (MCA) vide Notification No. S.O. 1316(E) issued dated 21.03.2018. This notification shall come into force from 21st March, 2018 i.e. the commencement date of section 132 is 21-03-2018.

In this article, you will learn detail of the provisions of section 132 of the Companies Act 2013 read with the National Financial Reporting Authority (NFRA) Rules, 2018, the NFRA (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018, the NFRA (Meeting for Transaction of Business) Rules, 2019 and the NFRA (Recruitment, Salary, Allowances and Other Terms and Conditions of Service of Secretary, Officers and Other Employees of Authority) Rules, 2019.

Name of ActThe Companies Act 2013
Enacted byParliament of India
Administered byMinistry of Corporate Affairs (MCA)
Number of Chapters29
Number of Sections484 (470-43+57)
Number of Schedules7
You are reading:
Chapter No.IX
Chapter NameAccounts of Companies
Section No.132
Section NameConstitution of National Financial Reporting Authority
Monthly Updated EditionCompany Law PDF

Section 132 of Companies Act 2013

Section 132 (1) of Companies Act 2013

Section 132(1) Constitution of NFRA: The CG constitute a National Financial Reporting Authority (NFRA) to provide for matters relating to accounting and auditing standards under the Companies Act 2013.

Accordingly, the CG vide Notification No. S.O. 5099(E) dated 1.10.2018 appoints the 1st October, 2018 as the date of constitution of NFRA.

Section 132 (1A) of Companies Act 2013

Section 132(1A) Division of NFRA: The NFRA shall perform its functions through its division.

Sub-section (1A) of section 132 was inserted by the Companies (Amendment) Act,2019 with effective from 15th August 2019.

As per Rule 2(1)(g) of NFRA Rules, 2018, the term “Division” means a division including the one headed by the chairperson or a full-time member established by NFRA for the purpose of organising and carrying out its functions and duties.

Section 132 (2) of Companies Act 2013

Section 132(2) Functions of NFRA: Following are the functions of NFRA:-

(a) Recommend CG: NFRA make recommendations to CG on the formulation and laying down of accounting and auditing policies and standards for adoption by companies or their auditors.

Note that NFRA shall receive recommendations and seek additional information from ICAI on proposals for new AS and SA and for making amendments thereof.

(b) Ensure Compliance of AS and SA: NFRA monitor and enforce the compliance with Accounting Standards and auditing standards in prescribed manner. Accordingly, the manner has been prescribed in Rule 7 and Rule 8 of NFRA as sited below:

  1. Compliance with Accounting Standards: For the purpose of monitoring and enforcing compliance with accounting standards, the NFRA may:
    • Review the financial statements of company or body corporate;
    • Send notice to it or its auditor to provide further information or explanation or any relevant documents.
    • Require the personal presence of the officers of the company or body corporate and its auditor.
    • Publish its findings relating to non-compliances on its website nfra.gov.in except for public interest.
    • If AS violated then NFRA further investigate or enforcement action through its concerned Division.
  2. Compliance with Auditing Standards: For the purpose of monitoring and enforcing compliance with auditing standards, the NFRA may:
    • Review working papers including audit plan and other audit documents.
    • Evaluate the sufficiency of the quality control system of the auditor and the manner of documentation of the system by the auditor.
    • Perform such other testing as may be considered necessary or appropriate.
    • Require an auditor to report on its governance practices and internal processes.
    • Seeking additional information or explanation in connection with the conduct of an audit.
    • Publish its findings relating to non-compliances on its website nfra.gov.in
    • Not publish proprietary or confidential info unless it has reasons to do so in the public interest and it records the reasons in writing. However, it may send a separate report containing proprietary or confidential information to CG.
    • If any law or professional or other standard violated then NFRA further investigate or enforcement action through its concerned Division.

(c) Supervise and Suggest Professionals: NFRA oversee the quality of service of the professions associated with ensuring compliance with such standards, and suggest measures required for improvement in quality of service and other prescribed related matters.

NFRA may refer cases to or call for any report or information from Quality Review Board constituted under CA Act 1949 with regard to overseeing the quality of service. NFRA may also take the assistance of experts for its oversight and monitoring activities.

(d) Other prescribed Functions: NFRA perform such other functions relating to clauses (a), (b) and (c) as may be prescribed.

Other Prescribed Functions: NFRA shall protect the public interest and the interests of investors, creditors and others associated with the prescribed companies or bodies corporate. Accordingly, the following other functions of NFRA has been prescribed in Rule 4 of NFRA Rules, 2018:

1) Auditors Detail: NFRA shall maintain details of particulars of auditors appointed in prescribed companies and bodies corporate.

2) Recommend AS and SA: NFRA shall recommend accounting standards and auditing standards for approval by the Central Government.

3) Monitor Compliance: NFRA monitor and enforce compliance with accounting standards and auditing standards.

4) Quality of Service: NFRA shall oversee the quality of service of the professions associated with ensuring compliance with such standards and suggest measures for improvement in the quality of service.

5) Promote Awareness: NFRA shall promote awareness in relation to the compliance of accounting standards and auditing standards;

6) Co-operate with Organisations: NFRA shall co-operate with national and international organisations of independent audit regulators in establishing and overseeing adherence to accounting standards and auditing standards; and

7) Other Necessary Functions: NFRA shall perform such other functions and duties as may be necessary or incidental to the aforesaid functions and duties.

Prescribed Class of Companies: The following class of companies and bodies corporate has been prescribed under Rule 3 of NFRA Rules, 2018 for the purpose of Section 132(2) and Section 132(4) of the Companies Act, 2013:

  1. Companies with Listed Securities: Companies whose securities are listed on any stock exchange in India or outside India;
  2. Unlisted Public Companies: Unlisted public companies having minimum: –
    • Paid-up capital of ₹500 crores; or
    • Annual turnover of ₹1000 crores; or
    • Aggregate, outstanding loans, debentures and deposits ₹500 crores as on the 31st March of immediately preceding financial year.
  3. Insurance, Banking and Electricity Companies: Insurance companies, banking companies, companies engaged in the generation or supply of electricity, companies governed by any special Act;

    As per explanation inserted in Rule 3(1)(c) by the NFRA (Amendment) Rules, 2019 w.e.f. 5th September 2019, the term “banking company” includes ‘corresponding new bank’ as defined u/s 2(d) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and u/s 2(b) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 and ‘subsidiary bank’ as defined u/s 2(k) of the SBI (Subsidiary Bank) Act, 1959.
  4. Specified by CG: Body corporate or company or person on a reference made to NFRA by CG in public interest; and
  5. Foreign body Corporate: A foreign subsidiary or associate company having more than 20% of consolidated income or consolidated Net Worth of body corporates referred to in clause (1) to (4) above.

In accordance with Rule 3(3) of the National Financial Reporting Authority Rules, 2018, all body corporate [Except company u/s 2(20)] formed in India and governed under NFRA rule shall within 15 days of appointment of an auditor u/s 139(1), inform NFRA in Form NFRA-1, the particulars of the auditor appointed by such body corporate. Additionally, the foreign subsidiary/associate company shall also provide details of appointment of its auditor in Form NFRA-1. You may file your NFRA-1 form at official website eformnfra.nic.in

A company defined u/s 2(20) of the Companies Act, 2013 shall file Form ADT-1 with the Registrar of Companies (ROC) within 15 days from the date of appointment of the Auditor.

Note that a company or a body corporate which are not governed by NFRA Rules 2018 shall continue to be governed by NFRA for a period of 3 years after it ceases to be listed or its paid-up capital or turnover or aggregate of loans, debentures and deposits falls below the limit stated above.

PART-1 NFRA Video Class

Section 132 (3) of Companies Act 2013

Section 132(3) NFRA Members: NFRA shall consist of a chairperson appointed by CG and up to 15 other prescribed members consisting of part-time and full-time members. As per NFRA Rules 2019, the NFRA shall consist of a chairperson, 3 full time members and 9 part time members.

Chairperson shall be a person of eminence and having expertise in accountancy, auditing, finance or law. The terms and conditions and the manner of appointment of the chairperson and members shall be prescribed.

According to NFRA Rules 2018, the chairperson must have at least 25 years of expertise and experience in the field of accountancy, auditing, finance or law. Whereas, the full-time members should have not less than 20 years of experience and experience in the field of accountancy, auditing, finance or law.

The chairperson and members shall make a declaration to CG in the prescribed form regarding no conflict of interest or lack of independence in respect of his or their appointment.

The chairperson and members, who are in full-time employment with NFRA shall not be associated with any audit firm (including related consultancy firms) during the course of their appointment and 2 years after ceasing to hold such appointment.

Section 132 (3A) of Companies Act 2013

Section 132(3A) Members of NFRA Division: Each division of NFRA shall be presided over by the Chairperson or a full-time Member authorised by the Chairperson.

Sub-section (3A) of section 132 was inserted by the Companies (Amendment) Act,2019 with effective from 15th August 2019.

Section 132 (3B) of Companies Act 2013

Section 132(3B) NFRA Executive: There shall be an executive body of NFRA consisting of the Chairperson and full-time Members of NFRA for efficient discharge of its functions under sub-section (2) [other than clause (a)] and sub-section (4).

Sub-section (3B) of section 132 was inserted by the Companies (Amendment) Act,2019 with effective from 15th August 2019.

PART-2 NFRA Video Class

Section 132 (4) of Companies Act 2013

Section 132(4) Power of NFRA: Following are the powers of NFRA:

(a) Power to Investigate:  NFRA have the power to investigate into the matters of professional or other misconduct committed by any Chartered Accountant (CA) or CA firm.

This investigation shall be made either suo motu or on a reference made to it by CG for prescribed bodies corporate or persons. No other institute or body shall initiate or continue any proceedings in such matters of misconduct where NFRA has initiated an investigation.

NFRA shall report to CG if it finds non-compliance of Act or Rules during the investigation which involves or may involve fraud of ₹1 core or more.

(b) Same Power as Civil Court: NFRA have the same powers as are vested in a civil court under the Code of Civil Procedure, 1908, while trying a suit, in respect of the following matters, namely: –

  • (i) Discovery: Discovery and production of books of account and other documents, at such place and at such time as may be specified by the National Financial Reporting Authority;
  • (ii) Summoning: Summoning and enforcing the presence of persons and examining them on oath;
  • (ii) Inspection: Inspection of any books, registers and other documents of any person.
  • (iv) Issuing: Issuing commissions for examination of witnesses or documents;

If NFRA believes that sufficient cause exists to take actions, it shall refer the matter to the concerned division, which shall cause a show-cause notice in writing to be issued to the auditor.

The show-cause notice shall be served on the auditor through registered post with acknowledgement due or email address provided by him or ICAI (if required). A notice to a firm shall be deemed to be a notice to all the partners or employees of that firm.

The Division shall dispose of the show-cause notice within 90 days of the assignment through a summary procedure specified by NFRA. However, if disposal does not take place within 90 days, the Division shall record the reasons and the chairperson may extend the aforesaid period more than once by additional period up to 90 days.

The order disposing of a show-cause notice may provide for: –

  1. No action;
  2. Caution;
  3. Action for imposing penalty against auditor u/s/ 132(4)(c)(A) or for debarring the auditor from engaging as such u/s/ 132(4)(c)(B).

Such order shall become effective after 30 days from the date of issue of the order unless the Division states otherwise in the order along with the reason for the same.

A copy of order shall be published on website nfra.gov.in and sent to:

  • CG and ICAI in all cases;
    • CAG of India in the case of a company referred to u/s 139(5);
    •  SEBI in the case of a listed company;
    •  RBI in the case of a bank or a non-banking finance company;
    •  IRDA in the case of an insurance company;
    •  in case the auditor is resident outside India to concerned regulator of such country.

(c) Power to make Order: Where professional or other misconduct is proved, the NFRA have the power to make order for: –

(A) imposing penalty of—

  • (I) Min ₹1 lakh and Maximum 5 times of the fees received in case of Chartered Accountant; and
  • (II) Min ₹5 lakh and Maximum 10 times of the fees received in case of CA firms;

(B) debarring CA or CA Firm for a period of 6 months to 10 years from—

  • I. being appointed as an auditor or internal auditor or undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate; or
  • II. performing any valuation as provided under section 247,

Sub-clause (B) of clause (c) of Sub-section (4) of section 132 was substituted by the Companies (Amendment) Act,2019 with effective from 15th August 2019.

As per explanation given u/s 132(4), the expression “professional or other misconduct” shall have the same meaning assigned to it under section 22 of the Chartered Accountants Act, 1949.

Every auditor shall file an annual return with NFRA on or before 30th November every year in Form No. NFRA-2 which was newly inserted w.e.f. 5th September 2019 by the National Financial Reporting Authority (Amendment) Rules, 2019.

Section 132 (5) of Companies Act 2013

Section 132(5) Appeal against NFRA Order: Any person aggrieved by any order of NFRA issued u/s 132(4)(c) may refer an appeal before the Appellate Tribunal.

The auditor shall deposit penalty amount with NFRA within 30 days of the order. However, the auditor may appeal against the order of NFRA with the Appellate Tribunal after depositing 10% of the amount of the monetary penalty.

If the auditor neither deposit penalty or appeal against order within 30 days then, NFRA shall inform the concerned company or body corporate to appoint new auditor.

Punishment in case of non-compliance: If a company or its officer or an auditor or any other person contravenes any of the provisions of NFRA rules, they shall be punishable as per the provisions of section 450 of the Companies Act 2013.

Note that NFRA may constitute advisory committees, study groups and task forces for the effective performance of its functions.

Sub-sections (6) to (9) of section 132 has been omitted by the Companies (Amendment) Act, 2017 with effect from 9th February, 2018.

Section 132 (10) of Companies Act 2013

Section 132(10) Meeting of NFRA: NFRA shall meet at such times and places and shall observe such rules of procedure in regard to the transaction of business at its meetings in prescribed manner.

Section 132 (11) of Companies Act 2013

Section 132(11) Secretary and Employees of NFRA: CG may appoint a secretary and such other employees as it may consider necessary for the efficient performance of functions by NFRA and the terms and conditions of service of the secretary and employees shall be prescribed.

Section 132 (12) of Companies Act 2013

Section 132(12) Head Office of NFRA: The head office of NFRA shall be at New Delhi and NFRA may meet at such other places in India as it deems fit.

PART-3 NFRA Video Class

Section 132 (13) of Companies Act 2013

Section 132(13) Books of Account of NFRA: NFRA shall cause to be maintained such books of account and other books in relation to its accounts in such form and in such manner as CG may, in consultation with the Comptroller and Auditor-General (CAG) of India prescribe.

Section 132 (14) of Companies Act 2013

Section 132(14) Audit of NFRA Accounts: The accounts of NFRA shall be audited by CAG of India at such intervals as may be specified by him and such accounts as certified by CAG of India together with the audit report thereon shall be forwarded annually to CG NFRA.

Section 132 (15) of Companies Act 2013

Section 132(15) Annual Report of NFRA: NFRA shall prepare in such form and at such time for each financial year as may be prescribed its annual report giving a full account of its activities during the financial year and forward a copy thereof to CG and the Central Government shall cause the annual report and the audit report given by the CAG of India to be laid before each House of Parliament.

Constitution of National Financial Reporting Authority

Sub-sections (3) and (11) of Section 132 shall come into force on 21st March, 2018 vide Notification No. S.O. 1316(E) dated 21.03.2018 and sub-sections (1) and (12) of Section 132 shall come into force on 1st October, 2018 vide Notification No. S.O. 5098(E) dated 1.10.2018 and sub-sections (2), (4), (5), (10), (13), (14) and (15) of Section 132 shall come into force on 24th October, 2018 vide Notification No. S.O. 5385(E) dated 24.10.2018.

(1) The Central Government may, by notification, constitute a National Financial Reporting Authority to provide for matters relating to accounting and auditing standards under this Act.

CG vide Notification No. S.O. 5099(E) dated 1.10.2018 appoints the 1st October, 2018 as the date of constitution of National Financial Reporting Authority.

(1A) The National Financial Reporting Authority shall perform its functions through such divisions as may be prescribed.

(2) Notwithstanding anything contained in any other law for the time being in force, the National Financial Reporting Authority shall—

  • (a) make recommendations to the Central Government on the formulation and laying down of accounting and auditing policies and standards for adoption by companies or class of companies or their auditors, as the case may be;
  • (b) monitor and enforce the compliance with accounting standards and auditing standards in such manner as may be prescribed;
  • (c) oversee the quality of service of the professions associated with ensuring compliance with such standards, and suggest measures required for improvement in quality of service and such other related matters as may be prescribed; and
  • (d) perform such other functions relating to clauses (a), (b) and (c) as may be prescribed.

(3) The National Financial Reporting Authority shall consist of a chairperson, who shall be a person of eminence and having expertise in accountancy, auditing, finance or law to be appointed by the Central Government and such other members not exceeding fifteen consisting of part-time and full-time members as may be prescribed:

Provided that the terms and conditions and the manner of appointment of the chairperson and members shall be such as may be prescribed:

Provided further that the chairperson and members shall make a declaration to the Central Government in the prescribed form regarding no conflict of interest or lack of independence in respect of his or their appointment:

Provided also that the chairperson and members, who are in full-time employment with National Financial Reporting Authority shall not be associated with any audit firm (including related consultancy firms) during the course of their appointment and two years after ceasing to hold such appointment.

(3A) Each division of the National Financial Reporting Authority shall be presided over by the Chairperson or a full-time Member authorised by the Chairperson.

(3B) There shall be an executive body of the National Financial Reporting Authority consisting of the Chairperson and full-time Members of such Authority for efficient discharge of its functions under sub-section (2) other than clause (a) and sub-section (4).

(4) Notwithstanding anything contained in any other law for the time being in force, the National Financial Reporting Authority shall—

  • (a) have the power to investigate, either suo motu or on a reference made to it by the Central Government, for such class of bodies corporate or persons, in such manner as may be prescribed into the matters of professional or other misconduct committed by any member or firm of chartered accountants, registered under the Chartered Accountants Act, 1949:

    Provided that no other institute or body shall initiate or continue any proceedings in such matters of misconduct where the National Financial Reporting Authority has initiated an investigation under this section;
  • (b) have the same powers as are vested in a civil court under the Code of Civil Procedure, 1908, while trying a suit, in respect of the following matters, namely: —
    • (i) discovery and production of books of account and other documents, at such place and at such time as may be specified by the National Financial Reporting Authority;
    • (ii) summoning and enforcing the attendance of persons and examining them on oath;
    • (iii) inspection of any books, registers and other documents of any person referred to in clause (b) at any place;
    • (iv) issuing commissions for examination of witnesses or documents;
  • (c) where professional or other misconduct is proved, have the power to make order for—
    • (A) imposing penalty of—
      • (I) not less than one lakh rupees, but which may extend to five times of the fees received, in case of individuals; and
      • (II) not less than five lakh rupees, but which may extend to ten times of the fees received, in case of firms;
    • (B) debarring the member or the firm from—
      • I. being appointed as an auditor or internal auditor or undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate; or
      • II. performing any valuation as provided under section 247,

        for a minimum period of six months or such higher period not exceeding ten years as may be determined by the National Financial Reporting Authority.

Explanation: For the purposes of his sub-section, the expression “professional or other misconduct” shall have the same meaning assigned to it under section 22 of the Chartered Accountants Act, 1949.

(5) Any person aggrieved by any order of the National Financial Reporting Authority issued under clause (c) of sub-section (4), may prefer an appeal before the Appellate Tribunal in such manner and on payment of such fee as may be prescribed.

(6) – (9) [Omitted w.e.f. 9th February, 2018]

(10) The National Financial Reporting Authority shall meet at such times and places and shall observe such rules of procedure in regard to the transaction of business at its meetings in such manner as may be prescribed.

(11) The Central Government may appoint a secretary and such other employees as it may consider necessary for the efficient performance of functions by the National Financial Reporting Authority under this Act and the terms and conditions of service of the secretary and employees shall be such as may be prescribed.

(12) The head office of the National Financial Reporting Authority shall be at New Delhi and the National Financial Reporting Authority may, meet at such other places in India as it deems fit.

(13) The National Financial Reporting Authority shall cause to be maintained such books of account and other books in relation to its accounts in such form and in such manner as the Central Government may, in consultation with the Comptroller and Auditor-General of India prescribe.

(14) The accounts of the National Financial Reporting Authority shall be audited by the Comptroller and Auditor-General of India at such intervals as may be specified by him and such accounts as certified by the Comptroller and Auditor-General of India together with the audit report thereon shall be forwarded annually to the Central Government by the National Financial Reporting Authority.

(15) The National Financial Reporting Authority shall prepare in such form and at such time for each financial year as may be prescribed its annual report giving a full account of its activities during the financial year and forward a copy thereof to the Central Government and the Central Government shall cause the annual report and the audit report given by the Comptroller and Auditor-General of India to be laid before each House of Parliament.

Search-cum-selection committee

Notification No. S.O. 4075(E) dated 29.09.2021: In accordance with the provisions of sub-section (3) of the section 132 of the Companies Act, 2013 and in pursuance of rule 4 of the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018, the Central Government hereby constitutes a search-cum-selection committee consisting of the following members for recommending names for appointment of chairperson and full time members in the National Financial Reporting Authority (NFRA), namely:-

(i) Chairperson: Cabinet Secretary

(ii) Member: Principal Secretary to the Prime Minister

(iii) Member: Secretary, Ministry of Corporate Affairs

(iv) Member: Chairperson, NFRA (for selection of full time members)

(v) Member: Shri Injeti Srinivas, Chairperson, International Financial Services Centres Authority (IFSCA)

(vi) Member: Shri Ajay Tyagi, Chairman, Securities and Exchange Board of India (SEBI)

(vii) Member: Shri P. C. Jain, Former Principal, Shri Ram College of Commerce, University of Delhi.

2. The Secretary, Ministry of Corporate Affairs shall be the Convener of the search-cum-selection committee.

3. The search-cum-selection committee shall determine its own procedure for making its recommendations.

4. No appointment of chairperson or a full time member shall be invalid merely by reason of any vacancy or absence in the search-cum-selection committee.

5. The search-cum-selection committee shall make its recommendations in regard to appointment of chairperson or the members, as the case may be, to the Central Government within a period not exceeding one hundred and twenty days from the date of reference made to it by the Central Government.

6. Secretarial assistance to the search-cum-selection committee will be provided by Ministry of Corporate Affairs.

Part-time Member of NFRA

Notification No. S.O. 1068(E) dated 28.02.2019: CG appointed the following persons as part-time members of the National Financial Reporting Authority (NFRA) with immediate effect, namely:-

  • (i) Shri K V R Murty, Joint Secretary, Ministry of Corporate Affairs;
  • (ii) Shri Ram Mohan Johri, Director General, International Centre for Information Systems and Audit (ICISA), Comptroller & Auditor General;
  • (iii) Ms. Sudha Balakrishnan, Chief Financial Officer, Reserve Bank of India;
  • (iv) Shri Amarjeet Singh, Executive Director, Securities and Exchange Board of India;
  • (v) President, Institute of Chartered Accountants of India (ICAI);
  • (vi) Chairperson, Accounting Standards Board, Institute of Chartered Accountants of India (ICAI);
  • (vii) Chairperson, Auditing and Assurance Standards Board, Institute of Chartered Accountants of India (ICAI).

Delegation of Power to NFRA

Notification No. S.O. 35(E) dated 04.01.2022: In exercise of the powers conferred by sub-section (1) of section 458 of the Companies Act, 2013 (18 of 2013), the Central Government hereby delegates its powers under sub-section (11) of section 132 of the said Act to the National Financial Reporting Authority for the purpose of the appointment to the posts of:

  • Chief General Manager (CGM),
  • General Manager (GM),
  • Deputy General Manager (DGM),
  • Assistant General Manager (AGM),
  • Manager,
  • Assistant Manager,
  • Personal or General Assistant,
  • Sr. PS., Private Secretary and
  • Driver

in the said Authority.


Open Demat Account

For Investing or Trading

(Best Investing and Trading Platform in India)

Learn More