Circular PFRDA/CIR/2014/3780 of the Pension Fund Regulatory and Development Authority dated 28th August, 2014 on the administration of the Fund [C17-4M9]

PFRDA/CIR/2014/3780

Pension Fund Regulatory and Development Authority

New Delhi, dated the 28th August, 2014

CIRCULAR

To

All Inspectors,

Subject: The administration of the Fund by trustees under the Pension Fund Regulatory and Development Authority Act, 2013, regarding.

In exercise of the powers conferred by section 9 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Pension Fund Regulatory and Development Authority hereby issues the following

1. References have been received seeking clarification on the manner in which section 9 applies to the administration of the Fund by trustees.

2. The matter has been examined. Every trustee carrying on the administration of the Fund shall make an application in Form 31 to the Central Government within forty-five days, accompanied by a fee of one hundred rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the administration of the Fund is undertaken, and the Central Government shall dispose of it within forty-five days of its receipt.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Pension Fund Regulatory and Development Authority.

(Chief General Manager)