Which of the following function is performed by the National Financial Reporting Authority (NFRA), established under the Companies Act, 2013?
1
Overseeing insolvency proceedings of financial institutions.
2
Monitoring and reporting the frauds in Indian financial markets.
3
Recommending and enforcing compliance of companies with accounting and auditing standards.
4
Periodically reviewing the legalinstitutional architecture of the Indian financial sector.