Section 34, Pension Fund Regulatory and Development Authority Act, 2013 [S26-FMP]
As at 6 September 2026. In force from 22 October 2013.
34. Grant of licence.—(1) An application for a licence to undertake the running of an establishment shall be made to the Central Board in Form 19, accompanied by a fee of one lakh rupees. (2) The Central Board may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Central Board may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
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Made under this section, or naming it (0)
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Cited by (1)
Section 2, Pension Fund Regulatory and Development Authority Act (Amendment) Act, 2019 [S28-S5W], 25 January 2019, Band A. "section 34 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013)".
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