Rule 2 Definitions
- Chapter
- I · Scope and Functions
(1) In these rules, unless the context otherwise requires,-
(a) "accounting standardsDefined in rule 2(a): accounting standards means the 'accounting standards' as defined in clause (2) of section 2 of the Act:" means the 'accounting standardsDefined in rule 2(a): accounting standards means the 'accounting standards' as defined in clause (2) of section 2 of the Act:' as defined in clause (2) of section 2 of the ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013):
(b) "ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013)" means the Companies ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013), 2013 (18 of 2013);
(c) "auditing standardsDefined in rule 2(c): auditing standards means the 'auditing standards' as defined in clause (7) of section 2 of the Act" means the 'auditing standardsDefined in rule 2(c): auditing standards means the 'auditing standards' as defined in clause (7) of section 2 of the Act' as defined in clause (7) of section 2 of the ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013);
(d) "auditorDefined in rule 2(d): auditor means an individual or a firm including a limited liability partnership incorporated under the Limited Liability Partnership Act, 2008 (6 of 2009) or any other Act for the time being m force, who has been appointed as an auditor of a company or a body corporate under section 139 of the Act or under any other..." means an individual or a firm including a limited liability partnership incorporated under the Limited Liability Partnership ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013), 2008 (6 of 2009) or any other ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013) for the time being m force, who has been appointed as an auditorDefined in rule 2(d): auditor means an individual or a firm including a limited liability partnership incorporated under the Limited Liability Partnership Act, 2008 (6 of 2009) or any other Act for the time being m force, who has been appointed as an auditor of a company or a body corporate under section 139 of the Act or under any other... of a company or a body corporate under section 139 of the ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013) or under any other ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013) for the time being in force;
(e) "AuthorityDefined in rule 2(e): Authority means the National Financial Reporting Authority constituted under sub section (1) of section 132 of the Act" means the National Financial Reporting AuthorityDefined in rule 2(e): Authority means the National Financial Reporting Authority constituted under sub section (1) of section 132 of the Act constituted under sub-section (1) of section 132 of the ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013);
(f) "chairpersonDefined in rule 2(f): chairperson means the chairperson of the Authority" means the chairpersonDefined in rule 2(f): chairperson means the chairperson of the Authority of the AuthorityDefined in rule 2(e): Authority means the National Financial Reporting Authority constituted under sub section (1) of section 132 of the Act;
(g) "DivisionDefined in rule 2(g): Division means a division 1[including the one headed by the chairperson or a full time member] established by the Authority for the purpose of organising and carrying out its functions and duties" means a divisionDefined in rule 2(g): Division means a division 1[including the one headed by the chairperson or a full time member] established by the Authority for the purpose of organising and carrying out its functions and duties 1Words ins. by G.S.R. 636(E), dated 5th September, 2019 (National Financial Reporting Authority (Amendment) Rules, 2019), w.e.f. 5th September, 2019.including the one headed by the chairpersonDefined in rule 2(f): chairperson means the chairperson of the Authority or a full-time memberDefined in rule 2(i): full time member means a member who has been appointed as such under sub section (3) of section 132 of the Act established by the AuthorityDefined in rule 2(e): Authority means the National Financial Reporting Authority constituted under sub section (1) of section 132 of the Act for the purpose of organising and carrying out its functions and duties;
(h) "FormDefined in rule 2(h): Form means the Form annexed to these Rules:" means the FormDefined in rule 2(h): Form means the Form annexed to these Rules: annexed to these Rules:
(i) "full-time memberDefined in rule 2(i): full time member means a member who has been appointed as such under sub section (3) of section 132 of the Act" means a member who has been appointed as such under sub-section (3) of section 132 of the ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013);
(j) "part-time memberDefined in rule 2(j): part time member means a member of the Authority other than a full time member. (2) Words and expressions used and not defined in these rules but defined in the Act shall have the same meanings respectively assigned to them in the Act. 1. Words ins. by G.S.R. 636(E), dated 5th September, 2019 (National Financial Rep..." means a member of the AuthorityDefined in rule 2(e): Authority means the National Financial Reporting Authority constituted under sub section (1) of section 132 of the Act other than a full-time memberDefined in rule 2(i): full time member means a member who has been appointed as such under sub section (3) of section 132 of the Act.
(2) Words and expressions used and not defined in these rules but defined in the ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013) shall have the same meanings respectively assigned to them in the ActDefined in rule 2(b): Act means the Companies Act, 2013 (18 of 2013).
1. Words ins. by G.S.R. 636(E), dated 5th September, 2019 (National Financial Reporting AuthorityDefined in rule 2(e): Authority means the National Financial Reporting Authority constituted under sub section (1) of section 132 of the Act (Amendment) Rules, 2019), w.e.f. 5th September, 2019.