National Advisory Committee on Accounting Standards framed by Govt

By | October 5, 2016

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 3rd October, 2016

S.O. 3118(E).-In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956, (1 of 1956), the Central Government hereby constitutes an Advisory Committee to be called the National Advisory Committee on Accounting Standards, consisting of the following persons, to advise the Central Government on the formulation and laying down of accounting policies and accounting standards for adoption by companies or class of companies under the said Act or the Companies Act, 2013 (18 of 2013) as the case may be, namely:-

(1) Shri Amarjit Chopra,Chartered Accountant Chairperson,[nominated under clause (a) of sub-section (2) of section 210A]
(2) Shri Manas Kumar Thakur,President, Nominee of the Institute of Cost

Accountants of India
Member,[nominated under clause (b) of sub-section (2) of section 210A]
(3) Ms. Mamta Binani,President, Nominee of the Institute of Company Secretaries of India Member, [nominated under clause (b) of sub-section (2) of section 210A]
(4) Shri M. Devaraja Reddy, President, Nominee of the Institute of Chartered Accountants of India Member,[nominated under clause (b) of sub-section (2) of section 210A]
(5) Joint Secretary, Ministry of Corporate Affairs Member,[nominated under clause (c) of sub-section (2) of section 210A]
(6) Shri Sudarshan Sen, Chief General Manager-in-Charge, Nominee of the Reserve Bank of India Member,[nominated under clause (d) of sub-section (2) of section 210A]
(7) Director General (Commercial), Nominee of Comptroller and Auditor- General of India Member,[nominated under clause (e) of sub-section (2) of section 210A]
(8) Dr. Sanjeev Singhal, Former Associate Professor, FORE School of Management Member,[nominated under clause (f) of sub-section (2) of section 210A]
(9) Joint Secretary, TPL-II,Nominee of the Central Board of Direct Taxes Member,[nominated under clause (g) of sub-section (2) of section 210A]
(10) Shri Dipankar Chatterji, Nominee of the Confederation of Indian Industry Member,[nominated under clause (h) of sub-section (2) of section 210A]
(11) Shri Sushil Agarwal,Nominee of the Federation of Indian Chambers of  Commerce and Industry Member,[nominated under clause (h) of sub-section (2) of section 210A].
(12) Dr. Ashok Haldia,Nominee of the Associated Chambers of Commerce and Industry of India Member,[nominated under clause (h) of sub-section (2) of section 210A].
(13) Executive Director,Nominee of Securities Exchange Board of India Member,[nominated under clause (i) of sub-section (2) of section 210A].

2. The Chairperson and members shall hold office for a period of one year from the date of publication of this notification in the Official Gazette or till the constitution of National Financial Reporting Authority under section 132 of the Companies Act, 2013 (18 of 2013), whichever is earlier.

3. This notification shall come into force on its publication in the Gazette.

[F. No. 1/5/2001-CL-V (Part VI)]

AMARDEEP SINGH BHATIA, Jt. Secy.

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