valid as on 01/12/2024

9.7.4 – The National Financial Reporting Authority (Recruitment, Salary, Allowances and Other Terms and Conditions of Service of Secretary, Officers and Other Employees of Authority) Rules, 2019

Pay, allowances and other benefits.-

(1) Pay of an employee of the Authority shall be such as per the Level in pay matrix as approved by the Central Government or pay scale as specified in the .

(2) An employee appointed on deputation to an ex-cadre post may elect to draw either the pay in the scale of pay of the ex-cadre post or his pay in the parent cadre with deputation allowance.

(3) The Secretary, officers and employees of the Authority who are not on deputation shall be governed by the new pension scheme.

(4) The Secretary, officers and employees of the Authority who are on deputation shall be eligible for pension and retirement benefits, if any, as are available to them in their parent Ministry or Department or organization.

(5) For an employee other than an employee on deputation to the Authority, the Authority may, from time to time, frame such schemes and allow such other benefits for the welfare of the employees on such terms and conditions as may be approved by the Central Government from time to time.

To view the Schedule, Click Here.

National Financial Reporting Authority (Recruitment, Salary, Allowances and other Terms and Conditions of Service of Secretary, Officers and other Employees of Authority) Rules, 2019 Amendment Notification [G.S.R. 526(E)] dated 25.07.2019


Schedule – National Financial Reporting Authority (Recruitment, Salary, Allowances and Other Terms and Conditions of Service of Secretary, Officers and Other Employees of Authority) Rules, 2019

Name of postNumber of postClassificationLevel in pay matrixWhether selection
post or nonselection post
Age-limit for direct
recruits
Educational and other qualifications
required for direct
recruits
Whether age and
educational qualifications prescribed for direct recruits will
apply in the case of promotes
Period of probation,
if any
Method of recruitment, whether by direct
recruitment or by
promotion or by
deputation/absorption and percentage of the
vacancies to be filled by various
methods
In case of recruitment by
promotion or deputation or absorption grades from which promotion or deputation or absorption to be made
If a Departmental
Promotion Committee exists, what is its composition
Circumstances
under which
Union Public Service Commission is to be consulted in
making recruitment
(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13)
1. Secretary01 *(2019).
*(Subject to variation dependent on workload)
Not applicableLevel-14 (Rs.144200-
218200)
Selection.Not applicableNot applicableNot applicableNot applicableBy DeputationGroup A Officers from All India or
Central Civil Services: (i) in the grade rendered after appointment
thereto on regular basis in Level 14
(Rs. 144200-218200) in the pay matrix; or (ii) with two years of
regular service
in the grade rendered after
appointment thereto on a regular basis in Level 13A (Rs. 131100-216600) in the pay matrix; or
(iii) with three years of regular service in the grade rendered after appointment
thereto on a regular basis in Level-13 (Rs.123100-215900) in the
pay matrix.
AND
Possessing a minimum of twenty years’ experience in dealing with issues relating to finance, economics, investigation, accountancy, audit, administration. Note: Departmental officers in the feeder category who are in the direct line of promotion will not be eligible for consideration for appointment on deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment
by promotion.
(Period of
deputation
including
period of
deputation in
another excadre
post
held
immediately
preceding this
appointment in
the same or
some other
orginasition or
department of
the Central
Government,
shall
ordinarily not
exceed three
years. It may
be extendable
for another
two years and
the maximum
period of
deputation
shall not
exceed five
year.
The maximum
age-limit for appointment
by deputation
or contract
shall be not
exceeding fifty
six years as on
the closing
date of receipt
of applications).
(1) Secretary (Ministry of Corporate Affairs) - Chairman

(2) Chairperson, Authority - Member;

(3) Joint Secretary (National Financial Reporting Authority or Ministry of Corporate Affairs) - Member.


1. Secretary
(Ministry of
Corporate
Affairs)-
Chairman;
2.
Chairperson
(National
Financial
Reporting
Authority)-
Member;
3. Joint
Secretary
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member;
4. One
External
Expert to be
nominated
by the
Central
Government-
Member.
Not applicable.
2. Executive Director05 *(2019).
* (Subject to
variation dependent on
workload)
Not applicableRs.120500- 3500(2)-
127500(3)
SelectionNot applicableNot applicableNot applicableNot applicablePromotion, failing
which by deputation or Short Term Contract
Promotion:
Minimum
three years of
service in
Grade F.
Deputation or
Short Term
Contract:
Group A
Officers from
All India or
Central Civil
Services who
has
completed
minimum
eighteen
years’ service:
(i) with eight
years of
service in the
grade rendered
after
appointment
thereto on
regular basis
in Level 12
(Rs. 78800-209200) in the
pay matrix; or
(ii) with six
years of
service in the
grade rendered
after
appointment
thereto on
regular basis
in Level 13
(Rs. 123100-
215900) in the
pay matrix;
and
minimum six
years postqualification
experience in
the fields of
law,
investigation,
Finance,
Economics,
Accountancy,
Auditing,
Administration
OR
Officers from
Reserve Bank
of India,
Banks,
Financial
Institutions,
regulatory
bodies,
statutory
bodies, Public
Sector
Undertakings
and other Government
institutions
with not less
than twenty
years of
experience in
the officer
cadre, of
which,
minimum
fifteen years
postqualification
experience in
the fields of
law,
investigation,
Finance,
Economics,
Accountancy,
Auditing,
Administration
AND
Possessing the
following
educational
qualification:
Essential:
Master of
Business
Administration
or equivalent
with
specialization
in Finance or
Chartered
Accountant or
Chartered
Financial
Analyst or
Post
graduation in Economics,
Finance or any
other
discipline,
from a
recognised
University or
Institution.
Desirable:
Degree in Law
from
recognised
university.
Promotion:
Note: Where
juniors who
have
completed
their
qualifying or
eligibility
service are
being
considered for
promotion,
their seniors
would also be
considered
provided they
are not short
of the requisite
qualifying or
eligibility
service by
more than half
of such
qualifying or
eligibility
service or two
year,
whichever is less, and have
successfully
completed
their probation
period for
promotion to
the next higher
grade along
with their
juniors who
have already
completed
such
qualifying or
eligibility
service.
Deputation:
Note:
Departmental
officers in the
feeder
category who
are in the
direct line of
promotion will
not be eligible
for
consideration
for
appointment
on deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment
by promotion.
(Period of
deputation including
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization
or department
of the Central
Government,
shall
ordinarily not
exceed three
years. It may
be extendable
for another
two years and
the maximum
period of
deputation
shall not
exceed five
year.
The maximum
age-limit for
appointment
by deputation
or contract
shall be not
exceeding fifty
six years as on
the closing
date of receipt
of
applications).
(1) Chairperson, Authority - Chairman;

(2) Joint Secretary (National Financial Reporting Authority or Ministry of Corporate Affairs) - Member;

(3) one external expert to be nominated by the Authority - Member.


1.
Chairperson,
National
Financial
Reporting
Authority-
Chairman;
2. One Fulltime
Member,
National
Financial
Reporting
Authority -
Member;
3. Joint
Secretary
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member;
4. One
External
Expert to be nominated
by National
Financial
Reporting
Authority-
Member.
Not applicable.
3. Chief
General
Manager
(CGM)
04
*(2019)
* (Subject
to
variation
dependent
on
workload)
Not applicableGrade F
Rs. 101900-
3000(4)-
113900(5)
SelectionNot applicableNot applicableNot applicableNot applicablePromotion,
failing
which by
deputation
or Short
Term
Contract
Promotion:
Minimum
three years of
service in
Grade E.
Deputation or
Short Term
Contract:
Group A
Officers from
All India or
Central Civil
Services:
(i) with five
years of
regular service
in the grade
rendered after
appointment
thereto on
regular basis
in Level 12
(Rs. 78800-
209200) in the
pay matrix; or
(ii) with ten
years of
regular service
in the grade
rendered after
appointment
thereto on
regular basis
in Level 11
(Rs. 67700-
208700) in the
pay matrix;
and
minimum five years postqualification
experience in
the fields of
law,
investigation,
Finance,
Economics,
Accountancy,
Auditing,
Administration
OR
Officers From
Reserve Bank
of India,
Banks,
Financial
Institutions,
regulatory
bodies,
statutory
bodies, Public
Sector
Undertakings
and other
Government
institutions
with not less
than fourteen
years of
experience in
the officer
cadre, of
which,
minimum
seven years
postqualification
experience in
the fields of
law,
investigation,
Finance, Economics,
Accountancy,
Auditing,
Administration
AND
Possessing the
following
educational
qualification:
Essential:
Master of
Business
Administration
or equivalent
with
specialization
in Finance or
Chartered
Accountant or
Chartered
Financial
Analyst or
Post
graduation in
Economics,
Finance or any
other
discipline,
from a
recognised
University or
Institution.
Desirable:
Degree in Law
from
recognised
university.
Promotion:
Note: Where juniors who
have
completed
their
qualifying or
eligibility
service are
being
considered for
promotion,
their seniors
would also be
considered
provided they
are not short
of the requisite
qualifying or
eligibility
service by
more than half
of such
qualifying or
eligibility
service or two
year,
whichever is
less, and have
successfully
completed
their probation
period for
promotion to
the next higher
grade along
with their
juniors who
have already
completed
such
qualifying or
eligibility
service. Deputation:
Note:
Departmental
officers in the
feeder
category who
are in the
direct line of
promotion will
not be eligible
for
consideration
for
appointment
on deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment
by promotion.
(Period of
deputation
including
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization
or department
of the Central
Government,
shall
ordinarily not exceed three
years. It may
be extendable
for another
two years and
the maximum
period of
deputation
shall not
exceed five
years.
The maximum
age-limit for
appointment
by deputation
or contract
shall be not
exceeding fifty
six years as on
the closing
date of receipt
of
applications)
(1) Chairperson, Authority - Chairman;

(2) one Full-time Member, Authority - Member;

(3) one external expert to be nominated by the Authority - Member.


1.
Chairperson,
National
Financial
Reporting
Authority-
Chairman;
2. One Fulltime
Member,
National
Financial
Reporting
Authority-
Member;
3. Joint
Secretary
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member;
4. One
External
Expert to be
nominated
by National
Financial
Reporting
Authority-
Member.
Not applicable.
4.
General
Manager
(GM)
04
*(2019).
* (Subject
to
variation
dependent
on
workload)
Not
applicable
Grade E
Rs. 72800-
2250 (1)-
75050-2400
(2)- 79850-
2500 (3)-
87350-3000
(5)- 102350
(12)
SelectionNot
applicable
Not
applicable
Not
applicable
Not
applicable
Promotion,
failing
which by
deputation
or Short
Term
Contract
Promotion:
Minimum
three years of
service in
Grade D.
Deputation or
Short Term
Contract:
Group A
Officers from
All India or
Central Civil
Services: (i) with five
years of
regular service
in the grade
rendered after
appointment
thereto on
regular basis
in Level 12
(Rs. 78800-
209200) in the
pay matrix; or
(ii) with ten
years of
regular service
in the grade
rendered after
appointment
thereto on
regular basis
in Level 11
(Rs. 67700-
208700) in the
pay matrix;
and
minimum five
years postqualification
experience in
the fields of
law,
investigation,
Finance,
Economics,
Accountancy,
Auditing,
Administration
OR
Officers From
Reserve Bank
of India, Banks,
Financial
Institutions,
regulatory
bodies,
statutory
bodies, Public
Sector
Undertakings
and other
Government
institutions
with not less
than fourteen
years of
experience in
the officer
cadre or
management
grade, of
which,
minimum
seven years
postqualification
experience in
the fields of
law,
investigation,
Finance,
Economics,
Accountancy,
Auditing,
Administration
AND
Possessing the
following
educational
qualification:
Essential:
Master of
Business Administration
or equivalent
with
specialization
in Finance or
Chartered
Accountant or
Chartered
Financial
Analyst or
Post
graduation in
Economics,
Finance or any
other
discipline,
from a
recognised
University or
Institution.
Desirable:
Degree in Law
from
recognised
university.
Promotion:
Note: Where
juniors who
have
completed
their
qualifying or
eligibility
service are
being
considered for
promotion,
their seniors
would also be
considered
provided they
are not short of the requisite
qualifying or
eligibility
service by
more than half
of such
qualifying or
eligibility
service or two
year,
whichever is
less, and have
successfully
completed
their probation
period for
promotion to
the next higher
grade along
with their
juniors who
have already
completed
such
qualifying or
eligibility
service.
Deputation:
Note:
Departmental
officers in the
feeder
category who
are in the
direct line of
promotion will
not be eligible
for
consideration
for
appointment on deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment
by promotion.
(Period of
deputation
including
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization
or department
of the Central
Government,
shall
ordinarily not
exceed three
years. It may
be extendable
for another
two years and
the maximum
period of
deputation
shall not
exceed five
year.
The maximum
age-limit for
appointment
by deputation or contract
shall be not
exceeding fifty
six years as on
the closing
date of receipt
of
applications).
(1) Chairperson, Authority - Chairman;

(2) one Full-time Member, Authority - Member;

(3) one external expert to be nominated by the Authority - Member.


1.
Chairperson,
National
Financial
Reporting
Authority-
Chairman;
2. One Fulltime
Member,
National
Financial
Reporting
Authority-
Member; 3. Joint
Secretary
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member;
4. One
External
Expert to be
nominated
by National
Financial
Reporting
Authority-
Member.
Not applicable
5. Deputy
General
Manager
(DGM).
05
*(2019).
* (Subject
to
variation
dependent
on
workload).
Not
applicable.
Grade D
Rs. 68500-
2150 (2)-
72800-
2250(6)-
86300 (9).
Selection.Not
applicable.
Not
applicable.
Not
applicable.
Not
applicable.
Promotion,
failing
which by
deputation
or Short
Term
Contract.
Promotion:
Minimum three
years of service
in Grade C.
Deputation or
Short Term
Contract:
Group A
Officers from
All India or
Central Civil
Services:
(i) in the grade
rendered after
appointment
thereto on
regular basis in
Level 12 (Rs.
78800-209200)
in the pay
matrix; or
(ii) with five
years of regular
service in the
grade rendered
after
appointment
thereto on regular basis in
Level 11 (Rs.
67700-208700)
in the pay
matrix; or
(iii) with nine
years of regular
service in the
grade rendered
after
appointment
thereto on
regular basis in
Level 10 (Rs.
56100-177500)
in the pay
matrix; and
minimum three
years postqualification
experience in
the fields of
law,
investigation,
Information
Technology,
Finance,
Economics,
Accountancy,
Auditing,
Administration;
OR
Officers from
Reserve Bank
of India,
Banks,
Financial
Institutions,
regulatory
bodies,
statutory bodies, Public
Sector
Undertakings
and other
Government
institutions
with not less
than ten years
of experience
in the officer
cadre or
Management
grade, of
which,
minimum five
years postqualification
experience in
the fields of
law,
investigation,
Information
Technology,
Finance,
Economics,
Accountancy,
Auditing,
Administration.
AND
Possessing the
following
educational
qualification:
Essential:
Chartered
Accountant or
Master of
Business
Administration
with
specialization
in Finance or Accounting or
Chartered
Financial
Analysis or
Post graduation
in Commerce,
Economics,
Finance or any
other
discipline, from
a recognized
University or
Institution.
Desirable:
Degree in Law
from a
recognized
university.
Promotion:
Note: Where
juniors who
have completed
their qualifying
or eligibility
service are
being
considered for
promotion,
their seniors
would also be
considered
provided they
are not short of
the requisite
qualifying or
eligibility
service by
more than half
of such
qualifying or
eligibility service or two
year,
whichever is
less, and have
successfully
completed their
probation
period for
promotion to
the next higher
grade along
with their
juniors who
have already
completed such
qualifying or
eligibility
service.
Deputation:
Note:
Departmental
officers in the
feeder category
who are in the
direct line of
promotion will
not be eligible
for
consideration
for
appointment on
deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment by
promotion.
(Period of deputation
including
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization or
department of
the Central
Government,
shall ordinarily
not exceed
three years. It
may be
extendable for
another two
years and the
maximum
period of
deputation
shall not
exceed five
year.
The maximum
age-limit for
appointment by
deputation or
contract shall
be not
exceeding fifty
six years as on
the closing date
of receipt of
applications).
(1) Chairperson, Authority - Chairman;

(2) one Full-time Member, Authority - Member;

(3) one external expert to be nominated by the Authority - Member.


1.
Chairperson,
National
Financial
Reporting
Authority-
Chairman;
2. One Fulltime
Member,
National
Financial
Reporting
Authority-
Member;
3. Deputy
Secretary or
Director
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member;
4. One
External
Expert to be nominated
by National
Financial
Reporting
Authority-
Member.
Not
applicable.
6.
Assistant
General
Manager
(AGM)
08
*(2019).
* (Subject
to
variation
dependent
on
workload)
Not
applicable
Grade C
Rs. 49000-
1750 (3)-
54250-
1900 (2)-
58050-
2000 (4)-
66050-
EB-
2000(2)-
70050-
2150(1) -
72200
(13).
SelectionNot
applicable
Not
applicable
Not
applicable
Not
applicable
Promotion,
failing
which by
deputation
or Short
Term
Contract
Promotion:
Minimum three
years of service
in Grade B.
Deputation or
Short Term
Contract:
Group A
Officers from
All India or
Central Civil
Services:
(i) with three
years of regular
service in the
grade rendered
after
appointment
thereto on
regular basis in
Level 11 (Rs.
67700-208700)
in the pay
matrix; or
(ii) with seven
years of regular
service in the
grade rendered
after
appointment
thereto on
regular basis in
Level 10 (Rs.
56100-177500)
in the pay
matrix; and
minimum three
years post qualification experience in
the fields of
law,
investigation,
Information
Technology,
Finance,
Economics,
Accountancy,
Auditing,
Administration;
OR
Officers from
Reserve Bank
of India,
Banks,
Financial
Institutions,
regulatory
bodies,
statutory
bodies, Public
Sector
Undertakings
and other
Government
institutions
with not less
than ten years
of experience
in the officer
cadre or
Management
Grade, of
which,
minimum five
years postqualification
experience in
the fields of
law,
investigation,
Information Technology,
Finance,
Economics,
Accountancy,
Auditing,
Administration.
AND
Possessing the
following
educational
qualification:
Essential:
Chartered
Accountant or
Master of
Business
Administration
with
specialization
in Finance or
Accounting or
Chartered
Financial
Analysis or
Post graduation
in Commerce,
Economics,
Finance or any
other
discipline, from
a recognized
University or
Institution.
Desirable:
Degree in Law
from a
recognized
university.
Promotion:
Note: Where juniors who
have completed
their qualifying
or eligibility
service are
being
considered for
promotion,
their seniors
would also be
considered
provided they
are not short of
the requisite
qualifying or
eligibility
service by
more than half
of such
qualifying or
eligibility
service or two
year,
whichever is
less, and have
successfully
completed their
probation
period for
promotion to
the next higher
grade along
with their
juniors who
have already
completed such
qualifying or
eligibility
service.
Deputation:
Note: Departmental
officers in the
feeder category
who are in the
direct line of
promotion will
not be eligible
for
consideration
for
appointment on
deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment by
promotion.
(Period of
deputation
including
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization or
department of
the Central
Government,
shall ordinarily
not exceed
three years. It
may be
extendable for
another two years and the
maximum
period of
deputation
shall not
exceed five
year.
The maximum
age-limit for
appointment by
deputation or
contract shall
be not
exceeding fifty
six years as on
the closing date
of receipt of
applications).
(1) Chairperson, Authority - Chairman;

(2) one Full-time Member, Authority - Member;

(3) one external expert to be nominated by the Authority - Member.


1.
Chairperson,
National
Financial
Reporting
Authority-
Chairman;
2. One Fulltime
Member,
National
Financial
Reporting
Authority-
Member;
3. Deputy
Secretary or
Director
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member;
4. One
External
Expert to be
nominated
by National
Financial
Reporting
Authority-
Member.
Not
applicable
7.
Manager
13
*(2019).
* (Subject
to
variation
dependent
on
workload)
Not
applicable
Grade B
Rs.35150-
1750(9)-
50900-
EB-
1750(2)-
54400-
2000(4)-
62400
(16)
SelectionBetween
twenty
one and
thirty
years
Chartered
Accountant or
Master of
Business
Administration
with
specialization
in Finance or
Accounting or
Chartered
Financial
Analysis or
Law or Post-
Graduation in
Commerce,
Economics,
Finance or any
other
discipline,
from a
recognized University or
Institution with
a minimum six
years of postqualification
experience in
the fields of
law,
investigation,
Information
Technology,
Finance,
Economics,
Accountancy,
Auditing,
Administration.
Not
applicable
Two years
in case of
direct
recruitment
a) Direct
Recruitment:
Forty
percent
(Through
written exam
followed by
personal
interview).
(b)
Promotion
failing
which by
direct
recruitment:
Thirty
percent,
(c)
Deputation* or Short
Term
Contract
basis: Thirty
percent.
Promotion:
Minimum three
years of service
in Grade- A
Deputation:
Deputation or
Short Term
Contract:
An officer of
Central
Government or
State
Governments
or Union
territories or
Public Sector
Undertakings or autonomous
and statutory
bodies:
(i) with regular
service in the
grade rendered
after
appointment
thereto on
regular basis in
Level 10 (Rs.
56100-177500)
in the pay
matrix; or
(ii) with three
years of regular
service in the
grade rendered
after
appointment
thereto on
regular basis in
Level 8 (Rs.
47600-151100)
in the pay
matrix; and
minimum two
years postqualification
experience in
the fields of
law,
investigation,
Information
Technology,
Finance,
Economics,
Accountancy,
Auditing,
Administration.
OR Officers from
Reserve Bank
of India,
Banks,
Financial
Institutions,
regulatory
bodies,
statutory
bodies, Public
Sector
Undertakings
and other
government
institutions
with not less
than six years
of experience
in the officer
cadre or Junior
Management
grade, of
which,
minimum three
years postqualification
experience in
the fields of
law,
investigation,
Information,
Technology,
Finance,
Economics,
Accountancy,
Auditing,
Administration.
AND
Possessing the
following
educational
qualification: Chartered
Accountant or
Master of
Business
Administration
with
specialization
in Finance or
Accounting or
Chartered
Financial
Analysis or
Law or Post-
Graduation in
Commerce,
Economics,
Finance or any
other
discipline, from
a recognized
University or
Institution.
Promotion:
Note: Where
juniors who
have completed
their qualifying
or eligibility
service are
being
considered for
promotion,
their seniors
would also be
considered
provided they
are not short of
the requisite
qualifying or
eligibility service by
more than half
of such
qualifying or
eligibility
service or two
year,
whichever is
less, and have
successfully
completed their
probation
period for
promotion to
the next higher
grade along
with their
juniors who
have already
completed such
qualifying or
eligibility
service.
Deputation:
Note:
Departmental
officers in the
feeder category
who are in the
direct line of
promotion will
not be eligible
for
consideration
for appointment
on deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for appointment by promotion.
(Period of
deputation
including
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization or
department of
the Central
Government,
shall ordinarily
not exceed
three years. It
may be
extendable for
another two
years and the
maximum
period of
deputation shall
not exceed five
year.
The maximum
age-limit for
appointment by
deputation or
contract shall
be not
exceeding fifty
six years as on
the closing date
of receipt of
applications).
(1) Chairperson, Authority - Chairman;

(2) one Full-time Member, Authority - Member;

(3) one external expert to be nominated by the Authority - Member.


1.
Chairperson,
National
Financial
Reporting
Authority-
Chairman;
2. One Fulltime
Member,
National
Financial
Reporting
Authority-
Member;
3. Deputy
Secretary or
Director
(National Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member;
4. One
External
Expert to be
nominated
by National
Financial
Reporting
Authority-
Member.
Not
applicable
8.
Assistant
Manager
13
*(2019)
* (Subject
to
variation
dependent
on
workload).
Not
applicable
Grade A
Rs. 28150-
1550(4)-
34350-
1750(7)-
46600-
EB-1750
(4)-
53600-
2000(1)-
55600.
SelectionBetween
twenty
one and
thirty
years.
Chartered
Accountant or
Master of
Business
Administration
with
specialization
in Finance or
Accounting or
Chartered
Financial
Analysis or
Law or
Graduation in
Commerce,
Economics,
Finance,
Bachelor of
Technology in
Computer
Science or
Engineering or
Master in
Computer
Application or
any other
discipline,
from a
recognised
University or
Institution with
a minimum of
two years of
postqualification
experience in
accounting or
auditing or law
or bank.
Not
applicable.
Two years
in case of
direct
recruitment.
(a) Direct
Recruitment:
Sixty
percent.
(Through
written exam
followed by
personal
interview).
(b)
Deputation
or Short
Term
Contract
basis failing
which by
direct
recruitment:
Forty
percent.
Deputation or
Short Term
Contract:
An officer of
Central
Government or
State
Governments,
or Union
territories or
Public Sector
Undertakings
or autonomous
and statutory
bodies:
(i) with regular
service in the
grade rendered
after
appointment
thereto on
regular basis in
Level 8 (Rs.
47600-151100)
in the pay
matrix; or
(ii) with two
years of regular
service in the
grade rendered
after
appointment
thereto on
regular basis in
Level 7 (Rs.
44900-142400)
in the pay
matrix; and minimum two
years postqualification
experience in
the fields of
law,
investigation,
Information
Technology,
Finance,
Economics,
Accountancy,
Auditing,
Administration.
OR
Officers from
Reserve Bank
of India,
Banks,
Financial
Institutions,
regulatory
bodies,
statutory
bodies, Public
Sector
Undertakings
and other
government
institutions
with a
minimum of
two years of
relevant
experience in
the officer
cadre or Junior
management
grade.
AND
Possessing the following
educational
qualification:
Chartered
Accountant or
Master of
Business
Administration
with
specialization
in Finance or
Accounting or
Chartered
Financial
Analysis or
Law or
Graduation in
Commerce,
Economics,
Finance,
Bachelor of
Technology in
Computer
Science or
Engineering or
Master in
Computer
Application or
any other
discipline, from
a recognised
University or
Institution.
Deputation:
Note:
Departmental
officers in the
feeder category
who are in the
direct line of
promotion will not be eligible
for
consideration
for
appointment on
deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment by
promotion.
(Period of
deputation
including
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization or
department of
the Central
Government,
shall ordinarily
not exceed
three years. It
may be
extendable for
another two
years and the
maximum
period of
deputation
shall not
exceed five year.
The maximum
age-limit for
appointment by
deputation or
contract shall
be not
exceeding fifty
six years as on
the closing date
of receipt of
applications).
(1) Chairperson, Authority - Chairman;

(2) one Full-time Member, Authority - Member;

(3) one external expert to be nominated by the Authority - Member.


1.
Chairperson,
National
Financial
Reporting
Authority-
Chairman;
2. One Fulltime
Member,
National
Financial
Reporting
Authority-
Member;
3. Deputy
Secretary or
Director
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member;
4. One
External
Expert to be
nominated
by National
Financial
Reporting
Authority-
Member.
Not
applicable
9.
Personal
or
General
Assistant.
4
*(2019).
* (Subject
to
variation
dependent
on
workload).
Not
applicable.
Grade III
Rs.20650-
1150(3)-
24100-
1225(1)-
25325-
1325(3)-
29300-
1475(6)-
38150-
1525(2)-
41200-
1740(2)-
44680-
1875(1).
Selection.Not
applicable.
Not applicable.Not applicable.Not applicable.By
Deputation
or Short
Term
Contract.
Deputation
(including
short-term
contract):
An officer of
Central
Government or
State
Governments
or Union
territories or
Public Sector
Undertakings
or autonomous
and statutory
bodies:
(i) holding
analogous post
on regular basis
in the parent
cadre or
department; or
(ii) with a
minimum of
six years of regular service,
in the grade
rendered after
appointment
thereto on
regular basis in
Level 6 (Rs.
35400-112400)
in the pay
matrix or
equivalent.
AND
Possessing the
following
educational
qualification:
Essential:
Graduate
degree from a
recognized
university or
equivalent.
Desirable:
(i) working
experience in
dealing with
Regulatory
Authority or
Statutory
Bodies or
Other
Government
Institutions;
(ii) working
knowledge of
computer;
(iii) skill in
stenography
and typing. Deputation:
Note:
Departmental
officers in the
feeder category
who are in the
direct line of
promotion will
not be eligible
for
consideration
for
appointment on
deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment by
promotion.
(Period of
deputation
including
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization or
department of
the Central
Government,
shall ordinarily
not exceed three years. It
may be
extendable for
another two
years and the
maximum
period of
deputation
shall not
exceed five
year.
The maximum
age-limit for
appointment by
deputation or
contract shall
be not
exceeding fifty
six years as on
the closing date
of receipt of
applications).
(1) Secretary, Authority - Chairman;

(2) Executive Director, Authority - Member;

(3) Chief General Manager (CGM), Authority - Member.


1. Secretary,
National
Financial
Reporting
Authority-
Chairman;
2. Deputy
Secretary or
Director
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs-
Member;
3. Executive
Director,
National
Financial
Reporting
Authority-
Member.
Not
applicable.
10.
Personal
or
General
Assistant.
03
*(2019).
* (Subject
to
variation
dependent
on
workload).
Not
applicable.
Grade II
Rs.13150-
750(3)-
15400-
900(4)-
19000-
1200(6)-
26200-
1300(2)-
28800-
1480(3)-
33240-
1750(1)-
34990.
Selection.Not
applicable.
Not applicableNot applicableNot applicableBy
Deputation
or Short
Term
Contract.
Deputation
(including
short-term
contract):
An officer of
Central
Government or
State
Governments
or Union
territories or
Public Sector
Undertakings
or autonomous
and statutory
bodies: (i) holding
analogous post
on regular basis
in the parent
cadre or
department; or
(ii) with a
minimum of
four years of
regular service,
in the grade
rendered after
appointment
thereto on
regular basis in
Level 5
(Rs.29200-
92300) in the
pay matrix or
equivalent.
AND
Possessing the
following
educational
qualification:
Essential:
Graduate
degree from a
recognized
university or
equivalent.
Desirable:
(i) working
experience in
dealing with
Regulatory
Authority or
Statutory
Bodies or Other
Government
Institutions;
(ii) working
knowledge of
computer;
(iii) skill in
stenography
and typing.
Deputation:
Note:
Departmental
officers in the
feeder category
who are in the
direct line of
promotion will
not be eligible
for
consideration
for
appointment on
deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment by
promotion.
(Period of
deputation
including
period of
deputation in
another excadre
post held
immediately
preceding this appointment in
the same or
some other
organization or
department of
the Central
Government,
shall ordinarily
not exceed
three years. It
may be
extendable for
another two
years and the
maximum
period of
deputation
shall not
exceed five
year.
The maximum
age-limit for
appointment by
deputation or
contract shall
be not
exceeding fifty
six years as on
the closing date
of receipt of
applications).
(1) Secretary, Authority - Chairman;

(2) Executive Director, Authority - Member;

(3) Chief General Manager (CGM), Authority - Member.


1. Secretary,
National
Financial
Reporting
Authority-
Chairman;
2. Deputy
Secretary or
Director
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)- Member;
3. Executive
Director,
National
Financial
Reporting
Authority-
Member.
Not
applicable.
11.
Personal
or
General
Assistant.
03
*(2019).
* (Subject
to
variation
dependent
on workload).
Not
applicable
Grade I
Rs.10940-
380(4)-
12460-
440(3)-
13780-
520(3)-15340-
690(2)-
16720-
860(4)-
20160-
1180(3)-
23700.
Selection.Not
applicable.
Not
applicable.
Not
applicable.
Not
applicable.
By
Deputation
or Short
Term
Contract.
Deputation
(including
short-term
contract):
An officer of
Central
Government or State
Governments
or Union
territories or
Public Sector
Undertakings
or autonomous
and statutory
bodies:
(i) holding
analogous post
on regular basis
in the parent
cadre or
department; or
(ii) with a
minimum of
two years of
regular service,
in the grade
rendered after
appointment
thereto on
regular basis in
Level 3 (Rs.
21700-69100)
in the pay
matrix or
equivalent.
AND
Possessing the
following
educational
qualification:
Essential:
Graduate
degree from a
recognized
university or
equivalent. Desirable:
(i) working
experience in
dealing with
Regulatory
Authority or
Statutory
Bodies or
Other
Government
Institutions;
(ii) working
knowledge of
computer;
(iii) skill in
stenography
and typing.
Deputation:
Note:
Departmental
officers in the
feeder category
who are in the
direct line of
promotion will
not be eligible
for
consideration
for
appointment on
deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment by
promotion. (Period of
deputation
including
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization or
department of
the Central
Government,
shall ordinarily
not exceed
three years. It
may be
extendable for
another two
years and the
maximum
period of
deputation
shall not
exceed five
year.
The maximum
age-limit for
appointment by
deputation or
contract shall
be not
exceeding fifty
six years as on
the closing date
of receipt of
applications).
(1) Secretary, Authority - Chairman;

(2) Executive Director, Authority - Member;

(3) Chief General Manager (CGM), Authority - Member.


1. Secretary,
National
Financial
Reporting
Authority-
Chairman;
2. Deputy Secretary or
Director
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member;
3. Executive
Director,
National
Financial
Reporting
Authority-
Member.
Not
applicable.
12. Sr.
PS.
03
*(2019).
* (Subject
to
variation
dependent
on
workload).
Not
applicable.
Level 8
(Rs.
47600-
105900).
Selection.Not
applicable.
Not
applicable.
Not
applicable.
Not
applicable.
By
Deputation
or Short
Term
Contract.
Deputation
(including
short-term
contract):
An officer of
Central
Government or
State
Governments
or Union
territories:
(i) in the grade
rendered after
appointment
thereto on
regular basis in
Level 8
(47600-
151100) in the
pay matrix or
equivalent; or
(ii) with a
minimum of
four years of
regular service,
in the grade
rendered after
appointment
thereto on
regular basis in
Level 7 (Rs.
44900-142400)
in the pay
matrix.
AND
Possessing the
following
educational
qualification: Essential:
Graduate
degree from a
recognized
university or
equivalent.
Desirable:
Working
experience in
regulatory
Authority or
Statutory
Bodies or
Other
Government
Institutions.
Deputation:
Note:
Departmental
officers in the
feeder category
who are in the
direct line of
promotion will
not be eligible
for
consideration
for
appointment on
deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment by
promotion.
(Period of
deputation including
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization or
department of
the Central
Government,
shall ordinarily
not exceed
three years. It
may be
extendable for
another two
years and the
maximum
period of
deputation
shall not
exceed five
year.
The maximum
age-limit for
appointment by
deputation or
contract shall
be not
exceeding fifty
six years as on
the closing date
of receipt of
applications).
(1) Secretary, Authority - Chairman;

(2) Chief General Manager (CGM), Authority - Member;

(3) Deputy General Manager (DGM), Authority - Member.


1. Secretary,
National
Financial
Reporting
Authority-
Chairman;
2. Chief
General
Manager or
General
Manager,
National
Financial
Reporting
Authority-
Member;
3. Under
Secretary
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member.
Not
applicable.
13.
Private
Secretary
01
*(2019).
* (Subject
to
variation
dependent
on
workload)
Not
applicable
Level 7
(Rs.
44900-
99800)
SelectionNot
applicable
Not
applicable
Not
applicable
Not
applicable
By
Deputation
or Short
Term
Contract
Deputation
(including
short-term
contract):
An officer of
Central
Government or
State
Governments
or Union
territories:
(i) in the grade
rendered after
appointment
thereto on
regular basis in
Level 7 (Rs.
44900-142400)
in the pay
matrix or
equivalent; or
(ii) with a
minimum of
four years of
regular service,
in the grade
rendered after
appointment
thereto on
regular basis in
Level 6
(Rs.35400-
112400) in the
pay matrix.
AND
Possessing the
following
educational
qualification: Essential:
Graduate
degree from a
recognized
university or
equivalent.
Desirable:
Working
experience in
regulatory
Authority or
Statutory
Bodies or
Other
Government
Institutions.
Deputation:
Note:
Departmental
officers in the
feeder category
who are in the
direct line of
promotion will
not be eligible
for
consideration
for
appointment on
deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment by
promotion.
(Period of deputation
including
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization or
department of
the Central
Government,
shall ordinarily
not exceed
three years. It
may be
extendable for
another two
years and the
maximum
period of
deputation
shall not
exceed five
year.
The maximum
age-limit for
appointment by
deputation or
contract shall
be not
exceeding fifty
six years as on
the closing date
of receipt of
applications).
1. Secretary,
National
Financial
Reporting
Authority-
Chairman;
2. Chief
General
Manager or
General
Manager,
National
Financial
Reporting
Authority-
Member;
3. Under
Secretary
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member.
Not
applicable
14.
Driver
02
*(2019).
* (Subject
to
variation
dependent
on
workload)
Not
applicable
Level 2
(Rs.
19900-
44400)
Non
selection
Not
applicable
Not
applicable
Not
applicable
Two years
for reemployed
Deputation.
For Armed
Forces
personnel:
Deputation
or reemployment.
Deputation:
From amongst
the regular
Group C
employees in
level 2
(Rs.19900-
63200) in the
pay matrix in
the Ministry of
Corporate
Affairs who
possess valid
Driving
License for
Motor Cars on
the basis of a
Driving Test to
assess the
competence to
drive Motor
Cars failing
which from
officials
holding the
post of
Dispatch Rider
on regular basis
or regular
Group C
employees in
Level 2
(Rs.19900-
63200) in the
pay matrix in
other
Ministries of
the Central
Government.
Essential:
(1) Possession
of a valid driving license
for motor cars;
(2) Knowledge
of motor
mechanism
(The candidate
should be able
to remove
minor-defects
in vehicle);
(3) Experience
of driving a
motor car for at
least three
years; and
(4) Pass in 10th
standard.
Deputation or
re-employment
for Armed
Forces
Personnel:
The Armed
Forces
Personnel due
to retire or who
are to be
transferred to
reserve within
a period of one
year and
having the
requisite
experience and
qualification
prescribed shall
also be
considered.
Such persons
would be given
deputation
terms upto the
date on which
they are due for
release from the Armed
Forces;
thereafter they
may be
continued on
re- employment.
Deputation:
Note 1:
Departmental
officers in the
feeder category
who are in the
direct line of
promotion will
not be eligible
for
consideration
for
appointment on
deputation.
Similarly,
deputationists
shall not be
eligible for
consideration
for
appointment by
promotion.
Note 2: the
period of
deputation
including the
period of
deputation in
another excadre
post held
immediately
preceding this
appointment in
the same or
some other
organization or department of
the Central
Government
shall ordinarily
not exceed
three years. It
may be
extendable for
another two
years and the
maximum
period of
deputation
shall not
exceed five
year.
The maximum
age limit for
appointment by
deputation
shall be ‘Not
exceeding sixty
five years’ as
on the closing
date of receipt
of applications.
1. Secretary,
National
Financial
Reporting
Authority-
Chairman;
2. Chief
General
Manager or
General
Manager,
National
Financial
Reporting
Authority-
Member;
3. Under
Secretary
(National
Financial
Reporting
Authority or
Ministry of
Corporate
Affairs)-
Member.
Not
applicable

 

Amendments to Schedule made vide National Financial Reporting Authority (Recruitment, Salary, Allowances and Other Terms and Conditions of Service of Secretary, Officers and Other Employees of Authority), Amendment, Rules, 2022 dated 04.01.2022. To view the notification, Click Here.

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