9.6.2. The National Financial Reporting Authority Rules, 2018

2. Definitions.-

(1) In these ruIes, unless the context otherwise requires,-

(a) “accounting standards” means the ‘accounting standards’ as defined in clause (2) of section 2 of the Act:

(b) “Act” means the Companies Act, 2013 (18 of 2013);

(c) “auditing standards” means the ‘auditing standards’ as defined in clause (7) of section 2 of the Act;

(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 Act for the time being in force;

(e) “Authority” means the  National Financial Reporting Authority constituted under sub-section (1) of section 132 of the Act;

(f) “chairperson” means the chairperson of the Authority;

(g) “Division” means a division established by the Authority for the purpose of organising and carrying out its functions and duties;

(h) “Form” means the Form annexed to these Rules:

(i) “full-time member” means a member who has been appointed as such under sub-section (3) of section 132 of the Act;

(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.