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In force

The Pension Fund Regulatory and Development Authority Act, 2013

47 sections · As amended up to 2026-08

Sections

  1. I — PRELIMINARY
  2. 11st February, 2014,v ide Notification No. S.O. 302(E), dated 1st February, 2014, see Gazette of India, Extraordinary, Part II, sec. 3(ii)
  3. 2Definitions
  4. II — PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
  5. 3Establishment and incorporation of Authority
  6. 5Term of office and conditions of service of Chairperson and members of Authority
  7. 6Removal of members from office
  8. 7Restriction on future employment of members
  9. 8Administrative powers of Chairperson
  10. 9Meetings of Authority
  11. 10Vacancies, etc., not to invalidate proceedings of Authority
  12. 11Officers and employees of Authority
  13. III — EXTENT AND APPLICATION
  14. 12Extent and application
  15. IV — TRANSFER OF ASSETS, LIABILITIES, ETC., OF INTERIM PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
  16. 13Transfer of assets, liabilities, etc., of Interim Pension Fund Regulatory and Development Authority
  17. V — DUTIES, POWERS AND FUNCTIONS OF AUTHORITY
  18. 15Power to issue directions
  19. 16Power of investigation
  20. 17Search and seizure
  21. 19Management by Administrator
  22. VI — NATIONAL PENSION SYSTEM
  23. 20National Pension System
  24. 21Central Recordkeeping Agency
  25. 22Point of presence
  26. 24Certain restrictions on foreign companies or individual or association of persons
  27. 25Prohibition of investment of funds of subscribers outside India
  28. 26Eligibility norms of the central recordkeeping agency, etc
  29. VII — REGISTRATION OF INTERMEDIARIES
  30. 27Registration of central recordkeeping agency, pension fund, point of presence, etc
  31. VIII — PENALTIES AND ADJUDICATION
  32. 29Crediting sums realised by way of penalties to Subscriber Education and Protection Fund
  33. 30Power to adjudicate
  34. 31Attachment of assets and supersession of management of intermediary
  35. 32Offences
  36. 33Power to grant immunity
  37. 34Exemption from tax on wealth, income, profits and gains
  38. 35Cognizance of offences by court
  39. 37Civil Court not to have jurisdiction
  40. IX — FINANCE, ACCOUNT AND ADUIT
  41. 39Grants by Central Government
  42. 40Constitution of Pension Regulatory and Development Fund
  43. 42Accounts and audit
  44. X — MISCELLANEOUS
  45. 44Power of Central Government to supersede Authority
  46. 45Establishment of Pension Advisory Committee
  47. 46Furnishing of returns, etc., to Central Government
  48. 47Members, officers and employees of Authority to be public servants
  49. 48Protection of action taken in good faith
  50. 49Delegation of powers
  51. 50Offences by companies
  52. 50APowers of Authority not to apply to International Financial Services Centre
  53. 52Power to make regulations
  54. 53Rules and regulations to be laid before Parliament
  55. 54Power to remove difficulties
  56. 55Application of other laws not barred
  57. 56Savings