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Date: 2025-04-03 Category: Extra Ordinary State: Union Government Country: India

Appointment of Whole Time Member Law in PFRDA

Issued by Ministry of Finance · Department of Financial Services

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Executive Summary & Key Takeaways

What it means

  • The gazette notification announces the appointment of Shri Randip Singh Jagpal as a Whole Time Member (Law) at the Pension Fund Regulatory and Development Authority (PFRDA).

Key Changes

  • Shri Randip Singh Jagpal, who was previously the Executive Director at the Insurance Regulatory and Development Authority of India (IRDAI), has been appointed as Whole Time Member (Law) at PFRDA.
  • The appointment is effective from the date he assumes charge of the post.
  • His tenure will last until he reaches the age of 62 or until further orders are issued, whichever comes first.
  • The appointment is made by the Central Government in exercise of powers conferred by Section 4 of the Pension Fund Regulatory and Development Authority Act, 2013.

Impact Analysis

Pension Fund Regulatory and Development Authority (PFRDA)

  • Action Item: PFRDA should ensure a smooth onboarding process for Shri Randip Singh Jagpal.

Insurance Regulatory and Development Authority of India (IRDAI)

  • Action Item: IRDAI should initiate the process to fill the vacancy created by Shri Jagpal's departure.

Shri Randip Singh Jagpal

  • Action Item: Shri Jagpal should familiarize himself with the current legal and regulatory landscape of PFRDA and prioritize key initiatives.

Central Government

  • Action Item: The Ministry of Finance should monitor the performance of the newly appointed member and provide necessary support.

Pension Sector

  • The legal expertise of the new member may help in better enforcement of pension laws and regulations.

Key Entities Referenced

Pension Fund Regulatory and Development Authority (PFRDA): The regulatory body for pension funds in India. Insurance Regulatory and Development Authority of India (IRDAI): The regulatory body for insurance in India. Shri Randip Singh Jagpal: Newly appointed Whole Time Member (Law) at PFRDA, formerly Executive Director at IRDAI. Pension Fund Regulatory and Development Authority Act, 2013: The Act of Parliament that established PFRDA and defines its powers and functions. Central Government: The Union Government of India.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-03042025-262255 CG-DxLx-xEG-I0D3H0x4x2x0 25-262255 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1573] नई दिल्ली, बृहस्ट्प जतिार, अप्रलै 3, 2025/चत्रै 13, 1947 No. 1573] NEW DELHI, THURSDAY, APRIL 3, 2025/CHAITRA 13, 1947 जित्त मत्रं ालय (जित्तीय सिे ाए ं जिभाग) अजधसचू ना नई दिल्ली, 3 अप्रलै , 2025 का.आ. 1592(अ).— पेंिन जनजध जिजनयामक और जिकास प्राजधकरण अजधजनयम, 2013 (2013 का 23) की धारा 4 द्वारा प्रित्त िजियों का प्रयोग करते हुए, केन्‍द रीय सरकार, एतिद्वारा, श्री रणिीप ससंह िगपाल, काययपालक जनिेिक, भारतीय बीमा जिजनयामक और जिकास प्राजधकरण (इरडाई), को काययभार ग्रहण करने की तारीख से 62 िर्य की आयु प्राप्त करने तक अथिा अगले आिेिों तक, िो भी पहले हो, पेंिन जनजध जिजनयामक और जिकास प्राजधकरण (पीएफआरडीए) म ें पूणयकाजलक सिस्ट्य (जिजध) के पि पर जनयुि करती ह।ै [फा. सं. 19/2/2019–पीआर] पंकि िमाय, संयक्ु त सजचि 2338 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 3rd April, 2025 S.O. 1592(E).— In exercise of powers conferred by Section 4 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Central Government hereby appoints Shri Randip Singh Jagpal, Executive Director, Insurance Regulatory and Development Authority of India (IRDAI) to the post of Whole Time Member (Law), Pension Fund Regulatory and Development Authority (PFRDA) with effect from the date of assumption of charge of the post till he attains the age of 62 years, or until further orders, whichever is the earlier. [F. No. 19/2/2019 PR] PANKAJ SHARMA, Jt. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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