Pension Fund Regulatory and Development Authority Act, 2013

The Pension Fund Regulatory and Development Authority Act, 2013

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	201323
Act Number:	23
Enactment Date:	2013-09-18
Act Year:	2013
Short Title:	The Pension Fund Regulatory and Development Authority Act, 2013
Long Title:	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.
Ministry:	Ministry of Finance
Department:	Department of Financial Services
Enforcement Date:	01-02-2014
Notification:	1st February, 2014, vide Notification No. S.O. 302 (E), dated 1st February, 2014, see Gazette of India, Extraordinary, Part II, sec. 3(ii).

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Show all section The Pension Fund Regulatory and Development Authority Act, 2013

CHAPTER I

PRELIMININARY

CHAPTER II

PENSION FUND REGULATORY AND DEVELOMENT AUTHORITY

CHAPTER III

EXTENT AND APPLICATION

CHAPTER IV

TRANSEFER OF ASSETS, LIABILITIES, ETC., OF INTERIM PENSION FUND REGULATORYAND DEVELOPMENT AUTHORITY

CHAPTER V

DUTIES, POWERS AND FUNCTIONS OF AUTHORITY

CHAPTER VI

NATIONAL PENSION SYSTEM

CHAPTER VII

REGISTRATION OF INTERMEDIARIES

CHAPTER VIII

PENALTIES AND ADJUDICATION

CHAPTER IX

FINANCE, ACCOUNT AND AUDIT

CHAPTER X

MISCELLANEOUS


Section 1. Short title, extent and commencement. Show Related Subordinates
Section 2. Definitions.
Section 3. Establishment and incorporation of Authority.
Section 4. Composition of Authority.
Section 5. Term of office and conditions of service of Chairperson and members of Authority. Show Related Subordinates
Section 6. Removal of members from office.
Section 7. Restriction on future employment of members.
Section 8. Administrative powers of Chairperson.
Section 9. Meetings of Authority.
Section 10. Vacancies, etc., not to invalidate proceedings of Authority.
Section 11. Officers and employees of Authority. Show Related Subordinates
Section 12. Extent and application.
Section 13. Transfer of assets, liabilities, etc., of Interim Pension Fund Regulatory and Development Authority.
Section 14. Duties, powers and functions of Authority. Show Related Subordinates
Section 15. Power to issue directions.
Section 16. Power of investigation.
Section 17. Search and seizure. Show Related Subordinates
Section 18. Power of Authority to ensure compliance.
Section 19. Management by Administrator.
Section 20. National Pension System.
Section 21. Central Recordkeeping Agency.
Section 22. Point of presence.
Section 23. Pension funds.
Section 24. Certain restrictions on foreign companies or individual or association of persons.
Section 25. Prohibition of investment of funds of subscribers outside India.
Section 26. Eligibility norms of the central recordkeeping agency, etc.
Section 27. Registration of central recordkeeping agency, pension fund, point of presence, etc.
Section 28. Penalty for failure by an intermediary or any other person to comply with provisions of this Act, rules, regulations and directions.
Section 29. Crediting sums realised by way of penalties to Subscriber Education and Protection Fund.
Section 30. Power to adjudicate. Show Related Subordinates
Section 31. Attachment of assets and supersession of management of intermediary.
Section 32. Offences.
Section 33. Power to grant immunity.
Section 34. Exemption from tax on wealth, income, profits and gains.
Section 35. Cognizance of offences by court.
Section 36. Appeal to Securities Appellate Tribunal. Show Related Subordinates
Section 37. Civil Court not to have jurisdiction.
Section 38. Appeal to Supreme Court.
Section 39. Grants by Central Government.
Section 40. Constitution of Pension Regulatory and Development Fund.
Section 41. Constitution of Subscriber Education and Protection Fund. Show Related Subordinates
Section 42. Accounts and audit. Show Related Subordinates
Section 43. Power of Central Government to issue directions.
Section 44. Power of Central Government to supersede Authority.
Section 45. Establishment of Pension Advisory Committee.
Section 46. Furnishing of returns, etc., to Central Government. Show Related Subordinates
Section 47. Members, officers and employees of Authority to be public servants.
Section 48. Protection of action taken in good faith.
Section 49. Delegation of powers.
Section 50. Offences by companies.
Section 50A. Powers of Authority not to apply to International Financial Services Centre.
Section 51. Power to make rules. Show Related Subordinates
Section 52. Power to make regulations. Show Related Subordinates
Section 53. Rules and regulations to be laid before Parliament.
Section 54. Power to remove difficulties.
Section 55. Application of other laws not barred.
Section 56. Savings.

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Year	Description	Files
26-05-2014	PFRDA (Appeal to Securities Appellate Tribunal) Rules, 2014
20-08-2014	PFRDA (Allowances Payable to Part-Time-Members) Rules, 2014
20-08-2014	PFRDA (Salary and Allowances Payable to and other Terms and Conditions of Service of Chairpersons and WTM) Rules, 2014
17-11-2014	PFRDA(Procedure for Search and Seizure by the Authorised Officer) Rules, 2014
26-06-2015	PFRDA (Form of Annual Statement of Accounts and Records) Rules, 2015
17-08-2015	PFRDA (Report, Returns and Statements) Rules, 2015
02-08-2017	PFRDA (Salary, Allowances Payable to, and Other Terms and conditions of service of Chairperson, and Whole Time Members) Amendment Rules , 2017
02-01-2018	PFRDA (Salary, Allowances Payable to, and Other Terms and conditions of service of Chairperson, and Whole Time Members) (Second Amendment) Rules, 2017

Year	Description	Files
06-01-2015	Pension Fund Regulatory and Development Authority (Procedure for inquiry by Adjudicating Officer) Regulations, 2015
27-01-2015	Pension Fund Regulatory and Development Authority (Pension Advisory Committee Meetings) Regulations, 2015
27-01-2015	Pension Fund Regulatory and Development Authority (Procedure for Authority Meetings) Regulations, 2015
27-01-2015	Pension Fund Regulatory and Development Authority (Subscriber Education and Protection Fund) Regulations, 2015
29-01-2015	Pension Fund Regulatory and Development Authority (Redressal of Subscriber Grievance) Regulations, 2015
04-03-2015	Pension Fund Regulatory and Development Authority (Point of Presence) Regulations, 2015
10-03-2015	Pension Fund Regulatory and Development Authority (Aggregator ) Regulations, 2015
12-03-2015	Pension Fund Regulatory and Development Authority(National Pension System Trust) Regulations, 2015
23-03-2015	Pension Fund Regulatory and Development Authority (Trustee Bank) Regulations, 2015
27-04-2015	Pension Fund Regulatory and Development Authority (Central Record keeping Agency) Regulations, 2015
11-05-2015	Pension Fund Regulatory and Development Authority (Exits and Withdrawals Under the National Pension System) Regulations, 2015
14-05-2015	Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2015
14-05-2015	Pension Fund Regulatory and Development Authority (Employees’ Service) Regulations, 2015
14-05-2015	Pension Fund Regulatory and Development Authority (Custodian of Securities) Regulations, 2015
13-06-2016	Pension Fund Regulatory and Development Authority (Retirement Adviser) Regulations, 2016
17-08-2016	Pension Fund Regulatory and Development Authority (Pension Fund) (First Amendment) Regulations, 2016
30-09-2016	Pension Fund Regulatory and Development Authority (Aggregator) (First Amendment) Regulations 2016
30-09-2016	Pension Fund Regulatory and Development Authority (Point of Presence) (First Amendment) Regulations 2016
28-04-2017	Pension Fund Regulatory and Development Authority (Point Of Presence) (Second Amendment) Regulations 2017
28-04-2017	Pension Fund Regulatory and Development Authority (Retirement Adviser) (First Amendment) Regulations 2017
26-05-2017	Pension Fund Regulatory and Development Authority (Retirement Adviser) (Second Amendment) Regulations 2017
10-08-2017	Pension Fund Regulatory and Development Authority (Exits and Withdrawals Under the National Pension System)(First Amendment) Regulations, 2017
11-09-2017	Pension Fund Regulatory and Development Authority (Retirement Adviser)(Third Amendment) Regulations, 2017
06-10-2017	Pension Fund Regulatory and Development Authority (Exits and Withdrawals Under the National Pension System)(Second Amendment) Regulations, 2017
28-12-2017	Pension Fund Regulatory and Development Authority (Retirement Adviser) (Fourth Amendment) Regulations 2017.
02-02-2018	Pension Fund Regulatory and Development Authority (Exits and Withdrawals Under the National Pension System)(Third Amendment) Regulations, 2018.
18-05-2018	Pension Fund Regulatory And Development Authority (Exits And Withdrawals Under The National Pension System) Regulation
18-05-2018	Pension Fund Regulatory and Development Authority (Exits and Withdrawals under NPS) (Fourth Amendment) Regulations 2018
25-06-2018	Pension Fund Regulatory And Development Authority(Point Of Presence) Regulations,2018
25-06-2018	Pension Fund Regulatory and Development Authority (Central Record keeping Agency) (First Amendment) Regulations 2018

Year	Description	Files
10-10-2003	Notification dated 10th Oct 2003
22-12-2003	Notification dated 22nd December 2003
14-11-2008	Notification dated 14 November 2008
01-02-2014	Notification dated 1st Feb 2014 PFRDA Act, 2013
31-01-2019	Notification dated 31 January 2019