After long wait, National Financial Reporting Authority gets own address

It took almost a year but India’s premier audit and accountancy regulatory body — the National Financial Reporting Authority (NFRA) — has finally found its own address. 

After camping in make-shift offices, it shifted to a upmarket central Delhi building just a few months ago that was previously the office of the Competition Commission of India. 

The biggest reprieve for NFRA has not been getting a roof above its head but the dismissal of a writ petition filed against it by the Northern India Chartered Accountants’ Federation in the Calcutta High Court. 

With questions being raised about the legality of NFRA taking over