CMA Intermediate · Corporate Accounting and Auditing · National Financial Reporting Authority (NFRA)
Under section 132 of the Companies Act, 2013, where is the head office of the NFRA located, and may it meet elsewhere?
The head office is at New Delhi, and the NFRA may meet at other places in India as it deems fit. Section 132(12) states this directly. It does not require Parliament's approval for meeting places, and it limits meetings to places within India.
- AMumbai; it may meet only at its head office
- BNew Delhi; it may meet at such other places in India as it deems fitCorrect
- CNew Delhi; it may meet only at places approved by Parliament
- DKolkata; it may meet at any place in the world
Explanation
Section 132(12) fixes the head office at New Delhi and allows the Authority to meet at such other places in India as it deems fit. Other options name a wrong city or impose conditions or limits not in the section.
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