Enter Keyword and Search

Thursday, July 24, 2014

PFRDA – Comments are invited on PFRDA Regulations 2014 from all concerned

with 0 Comment
PFRDA – Comments are invited on PFRDA Regulations 2014 from all concerned

DRAFT – Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2014

1. The PFRDA Act was passed by Parliament on Sep/19/2013 and notified on Feb/01/2014. In accordance with section 52 of the Act, the Authority may, by notification make regulation consistent with the Act and rules made thereunder for carrying out the provisions of the Act.

2. “Pension fund” is defined under Section (2) (l) of the Act as “intermediary which has been granted a certificate of registration under sub-section (3) of section 27 by the Authority as a pension fund for receiving contributions, accumulating them and making payments to the subscriber in the manner as may be specified by regulations”.

3. The objective of these Regulations is to standardize and to provide regulatory framework for Pension Fund (PFs) that would provide interalia criteria for registration, capital adequacy, code of conduct, obligation and responsibilities etc. Further, the regulation would ensure an effective procedure for inspection and audit to protect the interests of subscribers.

4. Therefore, in order to safeguard the interest of the subscribers, PFs as an intermediary, through this regulation, are required to adopt high level of standard practices that requires compliance with standards for internal control and operational conduct, with the aim of protecting the NPS assets, proper management of risk and generation of optimum returns.

4. Public Comments
Public comments are invited on the draft regulations on Pension Fund Regulatory and Development Authority (Pension Fund) Regulations, 2014 . All comments from the public will be considered before the regulations are finalized. Comments may be forwarded by email to sumeet.kapoor@pfrda.org.in or may be sent at the under-mentioned address latest by 18th Aug 2014 as per format given below.

Name of the Person: Organisation: Designation:
Sr. No. Pertains to which regulation /Sub-regulation (Regulation No. & Clause No.) Proposed/suggested changes* Rationale

Instruction to fill up the format:
1. All letters or emails to clearly specify the name and number of the regulation, sub-regulation and clause.
2. Separate letters/emails to be used for different regulations.
3. Each proposed amendment to be given separately.
4. Each proposed amendment (preferably) not to exceed 200 words*

Your letter(s) can be addressed to:
Ms. Sumeet Kaur Kapoor
General Manager
Pension Fund Regulatory & Development Authority (PFRDA)
1st Floor, ICADR Bldg, Plot No.6
Vasant Kunj Institutional Area, Phase II
New Delhi -110070

Source: www.pfrda.org.in

Related Posts Based on Your Search


Quick Links (O & P)

OBC OFB OHD Bank Notes One day Strike One Increment Arrears one rank-one pension Option Form Ordnance Employees Ordnance Employees Federations Ordnance Factories OROP OROP Anomalies OROP Arrears OROP Arrears Calculator OROP Calculation OROP Formula OROP Notification OROP Tables Outcome of NAC meeting Overtime Allowance Paid Holiday Pan Card paramedical staff Paramilitary Foreces Parents Care Leave Parliament Matters Parliamentary Committee Pass Issue Paternity Leave Patient Care Allowance Pay and Allowances Pay Arrears Pay Commission Pay fixation Pay Hike Pay in the Pay Band Pay Matrix Table Pay Matrix Table for CG Employees Pay Matrix Table for Defence Personnel Pay Revision Pay Structure Pay under FR 35 PBOR PC of A(Fys) Pcafys Orders PCDA Orders penalties and Disciplinary Pension Pensioners Issues Pension Arrears Pension Disbursing Authority Pension Disbursing Process Pension Option Pension orders Pensionary Benefits Pensioners Pensioners Association Pensioners Portal Orders Pensioners Portal Orders 2012 Pensioners Portal Orders 2013 Pensioners Portal Orders 2014 Pensioners Portal Orders 2015 Pensioners Portal Orders 2016 Persmin Person with Disabilities Personal Assistant PF PF Interest PFRDA PFRDA Circulars Pharmacists PIB News PLB Bonus Postal Department Postal Employees Postal Strike Prasar Bharati Pre-2006 Pensioners PRIS Private Airlines Private Hospitals Probation Period Productivity Linked Bonus Promotion Promotional Hierarchy promotional increment Promotional Quota Provident Fund PSU PSU Employees Public Holidays Public Provident Fund Qualification for LDC

Quick LInks (Q & R)

Recent Posts

Disclaimer:As and when orders amending the rules are published by the Government, the amendment orders will be published in our blog immediately. Readers are requested to refer to the source link is given at the end of the post. All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. 90paisa accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog. Links to other websites that have been included on this blog are provided for public convenience only. 90paisa is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.