The Pension Fund Regulatory and Development Authority Act
An Act to provide for the establishment of an Authority to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds and for matters connected therewith or incidental thereto.2013
List of Chapters & Sections
All sections
1Short title, extent and commencement2Definitions3Establishment and incorporation of Authority4Composition of Authority5Term of office and conditions of service of Chairperson and members of Authority6Removal of members from office7Restriction on future employment of members8Administrative powers of Chairperson9Meetings of Authority10Vacancies, etc., not to invalidate proceedings of Authority11Officers and employees of Authority12Extent and application13Transfer of assets, liabilities, etc., of Interim Pension Fund Regulatory and Development Authority14Duties, powers and functions of Authority15Power to issue directions16Power of investigation17Search and seizure18Power of Authority to ensure compliance19Management by Administrator20National Pension System21Central Recordkeeping Agency22Point of presence23Pension funds24Certain restrictions on foreign companies or individual or association of persons25Prohibition of investment of funds of subscribers outside India26Eligibility norms of the central recordkeeping agency, etc27Registration of central recordkeeping agency, pension fund, point of presence, etc28Penalty for failure by an intermediary or any other person to comply with provisions of this Act, rules, regulations and directions29Crediting sums realised by way of penalties to Subscriber Education and Protection Fund30Power to adjudicate31Attachment of assets and supersession of management of intermediary32Offences33Power to grant immunity34Exemption from tax on wealth, income, profits and gains35Cognizance of offences by court36Appeal to Securities Appellate Tribunal37Civil Court not to have jurisdiction38Appeal to Supreme Court39Grants by Central Government40Constitution of Pension Regulatory and Development Fund41Constitution of Subscriber Education and Protection Fund42Accounts and audit43Power of Central Government to issue directions44Power of Central Government to supersede Authority45Establishment of Pension Advisory Committee46Furnishing of returns, etc., to Central Government47Members, officers and employees of Authority to be public servants48Protection of action taken in good faith49Delegation of powers50Offences by companies50APowers of Authority not to apply to International Financial Services Centre51Power to make rules52Power to make regulations53Rules and regulations to be laid before Parliament54Power to remove difficulties55Application of other laws not barred56Savings