Home India Pension Fund Regulatory and Development Authority The Authority hereby reconstitutes the Pension Advisory Comm...
Date: 2015-05-11 Category: Extra Ordinary State: Union Government Country: India

The Authority hereby reconstitutes the Pension Advisory Committee constituted earlier vide F. No. PFRDA-17-RES-25 dated 19th September, 2014 with effect from the date of this notification.

Issued by Pension Fund Regulatory and Development Authority · NOT available

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Executive Summary & Key Takeaways

Executive Summary: This notification, issued by the Pension Fund Regulatory and Development Authority (PFRDA) on May 8, 2015, reconstitutes the Pension Advisory Committee. The reconstitution is effective from the date of the notification, as per the PFRDA Act of 2013 and the Pension Advisory Committee Meetings Regulations of 2015. The original committee was formed on September 19, 2014. Key Points / Main Content: Reconstitution of Pension Advisory Committee: * The PFRDA has reconstituted the Pension Advisory Committee. * The reconstitution is effective from May 8, 2015. * This action is in accordance with Section 45(1) of the PFRDA Act, 2013, and Regulation 6(4) of the PFRDA Pension Advisory Committee Meetings Regulations, 2015. * The previous committee was constituted on September 19, 2014, via File No. PFRDA17RES25. Committee Members: * The notification lists 15 members of the reconstituted committee, including representatives from various financial institutions and government bodies. * The Chairperson and members of the Authority shall be the ex-officio Chairperson and ex-officio members of the Pension Advisory Committee. Impact Analysis: Pension Fund Regulatory and Development Authority (PFRDA): * Impact: Responsible for the reconstitution of the Pension Advisory Committee. * Action Required: Ensure the reconstituted committee operates according to the PFRDA Act, 2013, and related regulations. Members of the Reconstituted Pension Advisory Committee: * Impact: Appointed to the reconstituted committee. * Action Required: Participate in the committee meetings and provide advice as required. General Public/Stakeholders of Pension Funds: * Impact: Indirectly affected through the advisory role of the committee in pension fund regulation and development. * Action Required: No direct action required; however, remain informed about developments in pension fund regulations.

Key Entities Referenced

Pension Fund Regulatory and Development Authority: The regulatory body responsible for promoting and developing the pension sector in India. Pension Fund Regulatory and Development Authority Act, 2013: The act that provides the legal framework for the establishment and operation of the Pension Fund Regulatory and Development Authority. Pension Advisory Committee: A committee constituted by the Pension Fund Regulatory and Development Authority to advise on matters related to pension fund regulation and development. The Association of Mutual Funds in India: An association of all Asset Management Companies that are registered with SEBI. National Pension System Trust: A trust established to manage the National Pension System. Reserve Bank of India: India's central bank. Government of Rajasthan: The state government of Rajasthan, India. New Delhi: The location where notification was issued.
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