Section 34, Pension Fund Regulatory and Development Authority Act, 2013 [S26-FMP]

As at 22 October 2013. In force from 22 October 2013.

In Pension Fund Regulatory and Development Authority Act, 2013 [A11-GW8]. This text from 22 October 2013 to 24 January 2019. Other texts (1): from 25 January 2019.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 34, Pension Fund Regulatory and Development Authority Act, 2013 [S26-FMP]. Machine: S26-FMP@2013-10-22.

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 nil 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.

Defined terms in this text (0)

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Made under this section, or naming it (0)

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Cited by (2)

Section 33, Pension Fund Regulatory and Development Authority Act, 2013 [S26-FKR], 22 October 2013, Band A. "section 34".

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)".

Not held (0)

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Duties published under this section (0)

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