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      Question

      The National Financial Reporting Authority shall consist

      of a chairperson, who shall be a person of eminence and having expertise in accountancy, auditing, finance, or law to be appointed by the Central Government and such other member   ____________________
      A Not exceeding fifteen members Correct Answer Incorrect Answer
      B Not exceeding fifteen consisting of part-time members as may be prescribed Correct Answer Incorrect Answer
      C Not exceeding fifteen consisting of full-time members as may be prescribed Correct Answer Incorrect Answer
      D Not exceeding fifteen consisting of part-time and full-time members as may be prescribed Correct Answer Incorrect Answer
      E Not exceeding fifteen consisting of part-time or full-time members as may be prescribed Correct Answer Incorrect Answer

      Solution

      Section 132. Constitution of National Financial Reporting Authority:  (3) The National Financial Reporting Authority shall consist of a chairperson, who shall be a person of eminence and having expertise in accountancy, auditing, finance or law to be appointed by the Central Government and such other member  not exceeding fifteen consisting of part-time and full-time members as may be prescribed.

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