Executive Summary:
This notification, issued by the Pension Fund Regulatory and Development Authority (PFRDA) on September 19, 2014, announces the appointment of members to the Pension Advisory Committee. These appointments are made under Section 45(1) of the PFRDA Act, 2013, and are effective from September 19, 2014. The notification also specifies that the Chairperson and members of the Authority will serve as ex-officio Chairperson and members of the Pension Advisory Committee.
Key Points / Main Content:
* **Appointment of Pension Advisory Committee Members:**
* The notification appoints individuals to the Pension Advisory Committee, effective from September 19, 2014.
* A list of 17 individuals is provided with their names, titles, and organizations.
* The individuals are appointed as members of the Pension Advisory Committee.
* **Ex-Officio Members:**
* The Chairperson of the Authority serves as the ex-officio Chairperson of the Pension Advisory Committee.
* The members of the Authority serve as ex-officio members of the Pension Advisory Committee.
* **Legal Basis:**
* The notification is issued under Section 45(1) of the Pension Fund Regulatory and Development Authority Act, 2013 (Act 23 of 2013).
Impact Analysis:
* **Pension Advisory Committee Members:**
* *Impact:* The newly appointed and ex-officio members are now part of the Pension Advisory Committee.
* *Action Required:* Participate in the committee's activities and fulfill their roles.
* **Pension Fund Regulatory and Development Authority (PFRDA):**
* *Impact:* The PFRDA is responsible for the oversight and regulation of the Pension Advisory Committee.
* *Action Required:* Ensure the committee functions effectively.
* **Pension Stakeholders (General Public, Pension Funds, etc.):**
* *Impact:* The activities of the Pension Advisory Committee will ultimately affect the pension landscape.
* *Action Required:* No immediate action required, but stakeholders should stay informed about any developments.
Key Entities Referenced
Pension Fund Regulatory and Development Authority: Regulatory body established in India to promote, develop and regulate pension funds.
Pension Fund Regulatory and Development Authority Act, 2013: The act of the Indian Parliament that established the Pension Fund Regulatory and Development Authority.
Pension Advisory Committee: A committee established by the Pension Fund Regulatory and Development Authority to provide advice and guidance.
Ministry of Labour Employment: A ministry of the Government of India.
Reserve Bank of India: India's central bank.
National Pension System Trust: A trust associated with the National Pension System.
Government of Rajasthan: The state government of Rajasthan, India
New Delhi: Capital of India and location where the notification was issued.
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PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
New Delhi, the 19th September, 2014
Pension Fund Regulatory and Development Authority Act, 2013
F. No. PFRDA/17/RES/25.—In exercise of the powers conferred by sub-section (1) of Section 45 of
the Pension Fund Regulatory and Development Authority Act, 2013 (Act 23 of 2013), the Authority hereby
makes the following Notification, namely –
The following members are appointed as Members of the Pension Advisory Committee with effect
from 19th September 2014:
1. Dr. Ajay Shah, Professor, National Institute of Public Finance and Policy
2. Mr. Anil Kumar Khachi, Joint Secretary, Ministry of Labour & Employment
3. Ms. Ashu Suyash, Director, The Association of Mutual Funds in India
4. Mr. Chandrajit Banerjee, Director General, Confederation of Indian Industry
5. Mr. D. V. S. S. V. Prasad, Chief Executive Officer, Fixed Income Money Market and
Derivatives Association of India
6. Mr. G. N. Bajpai, Chairman, National Pension System Trust
7. Mr. Gagan Rai, Managing Director & CEO, NSDL e-Governance Infrastructure Limited
8. Dr. L. H. Manjunath, Executive Director, Shree Kshethra Dharmasthala Rural Development
Project
9. Ms. Meghana Baji, Chief Executive Officer, ICICI Prudential Pension Funds Management
Co. Ltd
10. Mr. M. V. Tanksale, Chief Executive, Indian Banks' Association
11. Dr. Mukul Asher, Professorial Fellow, National University of Singapore
12. Mr. P.K. Choudhury, Chairman & Group CEO, ICRA Limited
13. Mr. R. Sundararaman, Senior Vice President, Chief-Business Excellence and New Products,
National Stock Exchange of India Ltd.
14. Mr. R. Sridharan, Managing Director, The Clearing Corporation of India Ltd
15. Mr. Raghavendra Lal Das, Chief General Manager-in-Charge, Human Resource Management
Department, Reserve Bank of India
16. Mr. Soma Sankara Prasad, Managing Director & CEO, SBI Pension Funds Pvt. Ltd
17. Ms. Trishaljit Sethi, Deputy Director General (Establishment), Postal Directorate
18. Principal Secretary, Finance, Government of Rajasthan
The Chairperson and the members of the Authority shall be the ex-officio Chairperson and ex-officio
members of the Pension Advisory Committee.
R. V. VERMA, Officiating Chairperson
[ADVT III/4/Exty./203/14]
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.