The Pension Fund Regulatory and Development Authority Act, 2013 · I — PRELIMINARY

Section 1. 1st February, 2014,v ide Notification No. S.O. 302(E), dated 1st February, 2014, see Gazette of India, Extraordinary, Part II, sec. 3(ii)

In force · As amended up to 2026-08

1. 1st February, 2014,v ide Notification No. S.O. 302(E), dated 1st February, 2014, see Gazette of India, Extraordinary, Part II, sec. 3(ii). (h) "member" means a member of the Authority and includes its Chairperson; (i) "National Pension System" means the contributory pension system referred to in section 20 whereby contributions from a subscriber are collected and accumulated in an individual pension account using a system of points of presence, a central recordkeeping agency and pension funds as may be specified by regulations; (j) "National Pension System Trust" means the Board of Trustees who hold the assets of subscribers for their benefit; - (k) "notification" means a notification published in the Official Gazette; (l) "pension fund" means an 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; (m) "Pension Regulatory and Development Fund" means the fund constituted under subsection(1) of section 40; ( n) "point of presence" means an intermediary registered with the Authority under sub-section (3) of section 27 as a point of presence and capable of electronic connectivity with the central recordkeeping agency for the purposes of receiving and transmitting funds and instructions and pay out of funds; (o) "prescribed" means prescribed by rules made under this Act; (p) "regulated assets" means the assets and properties, both tangible and intangible, owned, leased or developed by and other rights belonging to, the central recordkeeping agency; (q) "regulations" means the regulations made by the Authority under this Act; (r) "scheme" means a scheme of pension fund approved by the Authority under this Act; (s) "Securities Appellate Tribunal" means a Securities Appellate Tribunal established under subsection (1) of section 15K of the Securities and Exchange Board of India Act, 1992(15 of 1992); (t) "subscriber" includes a person who subscribes to a scheme of a pension fund; (u) "Subscriber Education and Protection Fund" means the fund constituted under sub-section (1) of section 41; (v) "Trustee Bank" means a banking company as defined in the Banking Regulation Act, 1949 (10 of 1949). (2) Words and expressions used and not defined in this Act, but defined in— (i) the Insurance Act, 1938 (4 of 1938); (ii) the Companies Act, 1956(1 of 1956); (iii) the Securities Contracts (Regulation) Act, 1956 (42 of 1956); and (iv) the Securities and Exchange Board of India Act, 1992 (15 of 1992), shall have the meanings respectively assigned to them under those Acts.

Source: India Code