Date: 2015-01-27Category: Extra OrdinaryState: Union GovernmentCountry: India
The Pension Fund Regulatory and Development Authority hereby makes the following regulations, These regulations may be called the Pension Fund Regulatory and Development Authority (Pension Advisory Committee Meetings) Regulations, 2015.
Executive Summary:
This document contains the Pension Fund Regulatory and Development Authority (PFRDA) Pension Advisory Committee Meetings Regulations, 2015. It establishes regulations for the Pension Advisory Committee meetings and defines the procedures for holding meetings to effectively discharge its duties. The regulations came into force on the date of their publication in the Official Gazette on January 27, 2015.
Key Points / Main Content:
* **Establishment and Purpose of the Pension Advisory Committee:**
* The Authority may establish a Pension Advisory Committee via notification.
* The Committee advises the Authority on matters relating to making regulations under Section 52 of the Act.
* The Committee can advise on matters referred to it by the Authority or matters the Committee deems fit.
* **Composition of the Committee:**
* The Committee shall consist of no more than twenty-five members, excluding ex-officio members, representing various interests.
* The Chairperson and members of the Authority are ex-officio Chairperson and members of the Committee.
* **Meeting Procedures:**
* The Committee will meet as often as necessary, but not less than twice a year.
* Meetings will be held at a time and place decided by the Chairperson.
* Remote participation is allowed and counted towards quorum.
* The Chairperson may constitute subcommittees.
* Meeting notices and agendas are to be circulated seven days in advance, or 48 hours for emergency meetings.
* The Chairperson, or in their absence, another member chosen by those present, presides over meetings.
* **Term of Office:**
* The term of office for members is three years from the date of nomination.
* Outgoing members may be renominated, except those who have served two consecutive terms, who are eligible for renomination only after two years.
* These term limits do not apply to ex-officio members.
* **Quorum:**
* The quorum for meetings is one-third of the total strength.
* If a quorum is not present, the meeting is adjourned, and if still absent at the adjourned meeting, the members present constitute the quorum.
* Members must attend all meetings unless leave of absence is granted.
* **Minutes of Meetings:**
* Minutes of the meetings must be recorded.
* The minutes shall contain the names of members present at the meeting.
* Minutes must contain a fair summary of decisions made.
* The designated officer is to send copies of the approved minutes to each member.
* **Miscellaneous Provisions:**
* Members (excluding ex-officio and government officials) are entitled to reimbursement of expenses and sitting fees.
* Only the Chairperson or a designated person can provide information to the press about decisions made at meetings.
Impact Analysis
Pension Fund Regulatory and Development Authority (PFRDA):
* Impact: The PFRDA is responsible for establishing and overseeing the Pension Advisory Committee, ensuring its effective operation, and considering its advice when making regulations.
* Action Required: Implement the regulations, establish the Pension Advisory Committee, and ensure the committee adheres to the specified procedures for meetings and operations.
Pension Advisory Committee Members:
* Impact: Committee members are subject to the regulations governing their appointment, terms of office, meeting attendance, and conduct during meetings.
* Action Required: Understand their roles and responsibilities, attend meetings regularly, and provide advice to the Authority as required, adhering to the prescribed procedures and ethical standards.
Employees Associations, Subscribers, Commerce and Industry, Intermediaries, and Organizations Engaged in Pension Research:
* Impact: These stakeholders are represented on the Pension Advisory Committee and have the opportunity to influence pension policy through their participation.
* Action Required: Engage with their representatives on the Committee to ensure their interests are effectively represented and to stay informed about developments in pension policy.
Key Entities Referenced
Pension Fund Regulatory and Development Authority (PFRDA): The regulatory body responsible for promoting and developing the pension sector in India.
Pension Fund Regulatory and Development Authority Act, 2013: The legislation that established the PFRDA and provides the legal framework for regulating the pension sector.
Pension Advisory Committee: A committee established by the PFRDA to advise on matters relating to the making of regulations under Section 52 of the Pension Fund Regulatory and Development Authority Act, 2013.
Pension Advisory Committee Meetings Regulations, 2015: Regulations by the PFRDA to standardize the procedure for holding the meetings of the Pension Advisory Committee.
Section 52 of the Act: Section of the Pension Fund Regulatory and Development Authority Act, 2013 pertaining to the making of regulations.
New Delhi: The city where the notification was issued; also the location of Pension Fund Regulatory and Development Authority (PFRDA).
Hemant G. Contractor: Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA).
Official Gazette: The official government publication where the regulations are to be published.
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PART III—Section 4
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No. 28] NEW DELHI, TUESDAY, JANUARY 27, 2015/MAGHA 7, 1936
पपपप(cid:2)श(cid:2)श(cid:2)श(cid:2)शनननन ििििननननििििधधधध ििििववववििििननननययययााााममममकककक औऔऔऔरररर ििििववववककककाााासससस (cid:16)(cid:16)(cid:16)(cid:16)ााााििििधधधधककककररररणणणण
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 27 जनवरी, 2015
((((पपपपशश(cid:2)(cid:2)शश(cid:2)(cid:2) नननन ससससललललााााहहहहककककाााारररर ससससििििममममिििितततत कककक(cid:15)(cid:15)(cid:15)(cid:15) बबबबठठैैठठैै कककक(cid:2)(cid:2)(cid:2)(cid:2))))) ििििववववििििननननययययमममम,,,, 2222000011115555
सससस..ंं..ंं पपपपीीीीएएएएफफफफआआआआररररडडडडीीीीएएएए////11112222////आआआआररररजजजजीीीीएएएएलललल////111133339999////1111.—प(cid:10)शन िनिध िविनयामक और िवकास (cid:22)ािधकरण, प(cid:10)शन िनिध
िविनयामक और िवकास (cid:22)ािधकरण अिधिनयम, 2013 (2013 का 23) क(cid:25) धारा 45 और धारा 52 क(cid:25) उपधारा (2) के खंड
(ब) के साथ प(cid:29)ठत धारा 52 क(cid:25) उपधारा (1) ारा (cid:22)द! शि"य# का (cid:22)योग करते &ए, िन(िलिखत िविनयम बनाता ह,ै
अथा-त ्:—
1. ससससंिंिंिंि(cid:4)(cid:4)(cid:4)(cid:4)(cid:5)(cid:5)(cid:5)(cid:5) ननननाााामममम औऔऔऔरररर (cid:12)(cid:12)(cid:12)(cid:12)ााााररररंंंंभभभभ.—(1) इन िविनयम# का संि12 नाम प(cid:10)शन िनिध िविनयामक और िवकास (cid:22)ािधकरण
(प(cid:10)शन सलाहकार सिमित क(cid:25) बैठक(cid:10)) िविनयम, 2015 ह ै।
िविनयम# का उ3े4य कत-5# के (cid:22)भावी िनव-हन के तहत काय-स7पादन के िलए प(cid:10)शन सलाहकार सिमित क(cid:25) बैठक# क(cid:25) (cid:22)(cid:4)8या
का मानक(cid:25)करण करना ह।ै
(2) य े राजप: म (cid:10) उनके (cid:22)काशन क(cid:25) तारीख को (cid:22)वृ! ह#ग े ।
2. पपपप(cid:15)(cid:15)(cid:15)(cid:15)ररररभभभभााााषषषषााााएएएए.ंंंं—(1) इन िविनयम# म(cid:10) जब तक (cid:4)क संदभ- से अ=यथा अपेि1त न हो,-
(क) “अिधिनयम” स े प(cid:10)शन िनिध िविनयामक और िवकास (cid:22)ािधकरण अिधिनयम, 2013 (2013 का 23)
अिभ(cid:22)ेत ह ै;
476 GI/2015 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
(ख) “पदािभिहत अिधकारी” से (cid:22)ािधकरण का कोई ऐसा अिधकारी अिभ(cid:22)ेत ह ै िजस े उसके ारा प(cid:10)शन
सलाहकार सिमित क(cid:25) बैठक# क(cid:25) सूचना जारी करन,े काय-सचू ी का प(cid:29)रचालन, अिभलेखन, बैठक# के काय-वृ! का
प(cid:29)रचालन और सुरि1त रखरखाव के कत-5 और दाियBव से (cid:22)भा(cid:29)रत (cid:4)कया ह ै;
(ग) “सदCय” स े अिधिनयम क(cid:25) धारा 45 क(cid:25) उपधारा (1) के अधीन (cid:22)ािधकरण ारा यथाCथािपत प(cid:10)शन
सलाहकार सिमित का कोई सदCय अिभ(cid:22)ेत ह ै और इसके अतं ग-त पदेन सदCय (अथा-त् (cid:22)ािधकरण का अDय1 और
सदCय) भी ह E;
(घ) “प(cid:10)शन सलाहकार सिमित” से अिधिनयम क(cid:25) धारा 45 क(cid:25) उपधारा (1) के अधीन (cid:22)ािधकरण
ारा Cथािपत प(cid:10)शन सलाहकार सिमित अिभ(cid:22)ेत ह ै;
(ड.) प(cid:10)शन सलाहकार सिमित के सबं ंध म (cid:10) “कुल सदCय संFया” से (cid:4)कसी (cid:4)दए गए समय पर िवGमान
सदCय# क(cid:25) कुल संFया अिभ(cid:22)ते ह ै ।
(2) उन शHद# और पद# के, जो इन िविनयम# म (cid:10) (cid:22)य"ु ह E (cid:4)क=त ु प(cid:29)रभािषत नहJ ह E (cid:4)क=त ु अिधिनयम म (cid:10) प(cid:29)रभािषत ह,E
उनके 8मशः वही अथ - ह#ग े जो अिधिनयम म (cid:10) ह E ।
2. पपपपशश(cid:18)(cid:18)शश(cid:18)(cid:18) नननन ससससललललााााहहहहककककाााारररर ससससििििममममिििितततत कककक(cid:24)(cid:24)(cid:24)(cid:24) (cid:25)(cid:25)(cid:25)(cid:25)थथथथाााापपपपननननाााा.—(1) (cid:22)ािधकरण, अिधसूचना ारा, उस तारीख स,े जो अिधसूचना म (cid:10) िविनLदM
क(cid:25) जाए, पेशन सलाहकार सिमित के Nप म (cid:10) Oात एक सिमित Cथािपत कर सकेगी ।
(2) प(cid:10)शन सलाहकार सिमित, प(cid:10)शन अनुसंधान म(cid:10) लगे कम-चा(cid:29)रय#, संगम#, अिभदाताP, वािणQय और उGोग,
मDयवRतय# और संगठन# के िहत# का (cid:22)ितिनिधBव करने के िलए पचीस से अनिधक सदCय#, पदेन सदCय# को छोड़कर, से
िमलकर बनगे ी ।
(3) (cid:22)ािधकरण का अDय1 और सदCय, प(cid:10)शन सलाहकार सिमित का पदेन अDय1 और पदेन सदCय ह#गे ।
(4) प(cid:10)शन सलाहकार सिमित के उ3े4य, अिधिनयम क(cid:25) धारा 52 के अधीन िविनयम बनान े संबंधी िवषय# पर (cid:22)ािधकरण
को सलाह देना होगा ।
(5) उपिनयम (4) के उपबंध# पर (cid:22)ितकूल (cid:22)भाव डाल े िबना प(cid:10)शन सलाहकार सिमित, (cid:22)ािधकरण को ऐसे िवषय# पर
सलाह दे सकेगी जो उसे (cid:22)ािधकरण ारा िनLदM (cid:4)कए जाएं और ऐस े िवषय# पर भी सलाह दे सकेगी जो पश(cid:10) न सलाहकार
सिमित ठीक समझे ।
4. पपपपशश(cid:18)(cid:18)शश(cid:18)(cid:18) नननन ससससललललााााहहहहककककाााारररर ससससििििममममिििितततत कककक(cid:24)(cid:24)(cid:24)(cid:24) बबबबठठैैठठैै कककक(cid:30)(cid:30)(cid:30)(cid:30) ककककेेेे ििििललललएएएए (cid:12)(cid:12)(cid:12)(cid:12) !!!!ययययाााा.—(1) प(cid:10)शन सलाहकार सिमित इन िविनयम# म(cid:10) यथा
उपबंिधत कामकाज को शीVता स े िनपटान े के िलए बैठक कर सकेगी, अपनी बEठक# को Cथिगत और इससे अ=यथा अपनी
बैठक# को िविनयिमत कर सकेगी ।
(2) प(cid:10)शन सलाहकार सिमित िविनयम 3 के उपिविनयम (4) और उपिविनयम (5) म(cid:10) िनLदM िवषय# पर (cid:22)ािधकरण को
सलाह देन े के िलए ऐसे समय पर, जो आव4यक समझा जाए (cid:4)क=तु वष - म(cid:10) कम स े कम दो बार बैठक करेगी ।
(3) प(cid:10)शन सलाहकार सिमित क(cid:25) (cid:22)Bयेक बैठक ऐसे Cथान पर और ऐसे समय पर क(cid:25) जाएगी जो अDय1 ारा िविनिYत
(cid:4)कया जाए ।
(4) बैठक के दौरान दरू Cथ सहभािगता वीिडयो कां[े\सग या (cid:4)कसी अ=य इलै]^ािनक (cid:22)ि_या (cid:22)(cid:4)8या का उपयोग करके
क(cid:25) जा सकेगी । उन सदCय# को, जो दरू Cथ Nप से बैठक म(cid:10) भाग ले रह े ह,E गणपूRत या ब&मत Cथािपत करन े के िलए गणना म(cid:10)
िलया जाएगा । दरू Cथ सहभािगता क(cid:25) दशा म,(cid:10) उपिCथत अिभलेख# म (cid:10) अिभिहत पदािभिहत अिधकारी ारा “दरू Cथ
सहभािगता” िलखा जाएगा ।¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3
(5) काय- पर Dयान देन े क(cid:25) सुिवधा के (cid:22)योजन# के िलए अDय1, प(cid:10)शन सलाहकार सिमित क(cid:25) सहमित स,े सदCय# क(cid:25) एक
उपसिमित भी ग(cid:29)ठत कर सकेगा, उस संबंध म(cid:10) िजनका िविनYय प(cid:10)शन सलाहकार सिमित के िलए उपलHध होगा । अDय1,
इस (cid:22)कार ग(cid:29)ठत उपसिमित के एक सदCय को संबंिधत उपसिमित के अDय1 के Nप म (cid:10) नामिनLदM करेगा ।
(6) पदािभिहत अिधकारी ारा बठै क क(cid:25) सूचना और काय-सूची सामा=यतया सात (cid:4)दन पहले प(cid:29)रचािलत क(cid:25) जाएगी ।
सदCय# को 5ि"गत Nप से सचू ना और काय-सूची रसीदी रिजC^ीकृत डाक ारा या कु(cid:29)रयर सेवा ारा दी या प(cid:29)रद! क(cid:25) जा
सकेगी या (cid:4)कसी अ=य माDयम से और संचार के ऐसे िव‘सनीय इलै]^ािनक साधन# ारा, जो तBसमय (cid:22)वृ! (cid:4)कसी अ=य
िविध के अधीन मा=यता(cid:22)ा2 ह,ै पारेिषत क(cid:25) जा सकेगी:
परंत ु अDय1, कम से कम अड़तालीस घंटे क(cid:25) सूचना देकर सलाहकार सिमित क(cid:25) आपातकालीन बैठक बलु ा सकेगा ।
(7) प(cid:10)शन सलाहकार सिमित क(cid:25) (cid:22)Bयेक बैठक क(cid:25) अDय1ता, अDय1 ारा क(cid:25) जाएगी । य(cid:4)द (cid:4)कसी कारण से अDय1
प(cid:10)शन सलाहकार सिमित क(cid:25) बैठक म(cid:10) उपिCथत होने म(cid:10) असमथ - ह ै तो उपिCथत सदCय# ारा चुना गया कोई अ=य पदेन सदCय,
जो (cid:22)ािधकरण का पूण-कािलक सदCय ह,ै बैठक क(cid:25) अDय1ता करेगा ।
इसी (cid:22)कार उपसिमित क(cid:25) (cid:22)Bयके बैठक क(cid:25) अDय1ता संबंिधत उपसिमित के पदािभिहत अDय1 ारा क(cid:25) जाएगी और य(cid:4)द
(cid:4)कसी कारण से पदािभिहत अDय1, उपसिमित क(cid:25) बैठक म(cid:10) उपिCथत होने म(cid:10) असमथ- ह ै तो उपिCथत सदCय# ारा चुना गया
उपसिमित का कोई अ=य सदCय, उपसिमित क(cid:25) बैठक क(cid:25) अDय1ता करेगा ।
(8) (cid:4)कसी िवषय पर, िजसे प(cid:10)शन सलाहकार सिमित क(cid:25) काय-सूची म(cid:10) सि7मिलत नहJ (cid:4)कया गया ह,ै िवचार (cid:4)कया जा
सकेगा य(cid:4)द, यथािCथित, अDय1 ारा या पीठासीन सदCय ारा ऐसा अनुमो(cid:4)दत (cid:4)कया जाता ह ै ।
5. पपपपददददााााववववििििधधधध.— (1) प(cid:10)शन सलाहकार सिमित के सदCय# क(cid:25) पदाविध, (cid:22)ािधकरण ारा उनके नामिनदcशन क(cid:25) तारीख
से तीन वष - क(cid:25) होगी ।
(2) सभी पदावरोही सदCय, पुनः नामिनदcशन के पा: ह#ग,े परंतु ऐसा कोई सदCय, िजसने दो 8मवतd अविधय# तक पद
धारण (cid:4)कया ह,ै वह केवल उस तारीख से, िजसको वह प(cid:10)शन सलाहकार सिमित का सदCय नहJ रहता ह,ै दो वष- क(cid:25) अविध
क(cid:25) समाि2 के पYात् ही पुनःनामिनदcशन का पा: होगा ।
(3) उपिविनयम (1) और उपिविनयम (2) प(cid:10)शन सलाहकार सिमित के पदेन सदCय# को और पश(cid:10) न सलाहकार सिमित म (cid:10)
अपन े शासक(cid:25)य पदनाम के आधार पर िनयु" सदCय# को लागू नहJ होगा ।
6. गगगगणणणणपपपप&&ूू&&ूू तततत.—(1) प(cid:10)शन सलाहकार सिमित या उपसिमित क(cid:25) बैठक के काय- संचालन के िलए गणपूRत कुल संFया
=यूनतम क(cid:25) एक-ितहाई होगी :
परंत ु अंशभाग पर, जो कुल एक-ितहाई संFया क(cid:25) सगं णना करने म(cid:10) उeभतू होता ह,ै Dयान नहJ (cid:4)दया जाएगा ।
(2) य(cid:4)द (cid:4)कसी बैठक म(cid:10) गणपूRत नहJ ह ै तो, यथािCथित, अDय1 या पीठासीन सदCय बैठक (cid:22)ारंभ होने के िनिYत समय
से तीस िमनट (cid:22)ती1ा करने के पYात् बैठक को, उसी (cid:4)दन कुछ घंटे के िलए या (cid:4)कसी अ=य (cid:4)दन के िलए, जो वह ठीक समझे,
Cथिगत कर दगे ा । जहां बैठक Cथिगत करने पर भी अपेि1त गणपूRत उपिCथत नहJ होता ह ै तो उपिCथत सदCय# से गणपूRत
का गठन (cid:4)कया जाएगा और कार-वाई अfसर क(cid:25) जाएगी ।
(3) (cid:4)कसी सदCय को प(cid:10)शन सलाहकार सिमत या उपसिमित क(cid:25) सभी बैठक# म(cid:10) भाग लेना होगा िसवाए वहां के, जहां
अनुपिCथत रहन े क(cid:25) इजाजत क(cid:25) ईgसा क(cid:25) गई ह ैऔर अDय1 या पीठासीन सदCय ारा उसे दे (cid:4)दया गया ह ै ।
(4) जहां कोई सदCय, िबना (cid:4)कसी उिचत और पया-2 कारण के पश(cid:10) न सलाहकार सिमित क(cid:25) तीन 8मवतd बैठक म(cid:10) भाग
नहJ लेता ह ै वहां (cid:22)ािधकरण, उसके नाम को प(cid:10)शन सलाहकार सिमित से हटाने पर िवचार कर सकेगा और पा(cid:29)रणािमक (cid:29)रि"
को ऐसे भर सकेगा जैसे वह आव4यक समझे ।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
7. बबबबठठैैठठैै कककक(cid:30)(cid:30)(cid:30)(cid:30) ककककाााा ककककाााायययय’व’व’व’व**ृृ**ृृ .— (1) अDय1 या पीठासीन सदCय, ऐसे (cid:22)ाNप और रीित म,(cid:10) जो उसके ारा समुिचत समझी
जाएगी, प(cid:10)शन सलाहकार सिमित या उपसिमित क(cid:25) बैठक# क(cid:25) काय-वािहय# का काय-वृ! अिभिलिखत करवाएगा ।
(2) काय-वृ! म,(cid:10) बैठक म(cid:10) उपिCथत सदCय# के नाम भी अंतRवM ह#गे ।
(3) (cid:22)Bयेक बैठक के काय-वृ! म,(cid:10) बैठक म(cid:10) &ए िविनYय या िविनYय# का ऋज ु और सही संि12 िववरण अतं RवM होगा ।
(4) अिभिहत अिधकारी, िडिजटल Nप से या (cid:4)कसी अ=य इल]ै ^ािनक साधन ारा ऐस े काय-वृ! क(cid:25) (cid:22)ित, िजसे,
यथािCथित, अDय1 या पीठासीन सदCय ारा अंितम Nप (cid:4)दया गया ह ै या अनुमोदन (cid:4)कया गया ह,ै (cid:22)Bयेक सदCय को उसक(cid:25)
सूचना के िलए भेजी जाएगी ।
8. (cid:12)(cid:12)(cid:12)(cid:12)कककक(cid:24)(cid:24)(cid:24)(cid:24)णणणण ’’ ’’उउउउपपपपबबबबधधंंधधंं .—(1) प(cid:10)शन सलाहकार सिमित का (cid:22)Bयेक सदCय (पदेन सदCय और सरकारी पदधा(cid:29)रय# के छोड़कर),
(cid:22)ािधकरण से प(cid:10)शन सलाहकार सिमित या उपसिमित क(cid:25) बठै क# म (cid:10) उपिCथत होन े के िलए ऐस े मापमान# के अनुसार, जो
(cid:22)ािधकरण ारा समय-समय पर िविनLदM (cid:4)कए जाए,ं खचi, बैठक फ(cid:25)स, आनुषंिगक# आ(cid:4)द क(cid:25) (cid:22)ितपूRत का हकदार होगा ।
(2) अDय1 या उसके ारा िविनLदM Nप से (cid:22)ािधकृत (cid:4)कसी 5ि" को छोड़कर कोई सदCय, प(cid:10)शन सलाहकार सिमित या
उपसिमित क(cid:25) बैठक# म(cid:10) िलए गए िविनYय# से संबंिधत िवषय# पर (cid:22)ेस या (cid:4)कसी अ=य साव-जिनक मीिडया को जानकारी नहJ
देगा ।
हमे ंत जी. कां^े]टर, अDय1
[िवOापन- /4/ असा./203/14/(271)]
III
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
New Delhi, the 27th January, 2015
(Pension Advisory Committee Meetings) Regulations, 2015
No. PFRDA/12/RGL/139/1.—In exercise of the powers conferred by sub-section (1) of Section 52
read with clause (w) of sub-section (2) thereof and section 45 of the Pension Fund Regulatory and
Development Authority Act, 2013 (23 of 2013), the Pension Fund Regulatory and Development Authority
hereby makes the following regulations, namely:—
1. Short title and commencement.—(1) These regulations may be called the Pension Fund Regulatory and
Development Authority (Pension Advisory Committee Meetings) Regulations, 2015.
The aim of the regulations is to standardize the procedure for holding the meetings of the Pension Advisory
Committee for transacting its business in effective discharge of its duties.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Definitions.—(1) In these regulations, unless the context otherwise requires,-
(a) "Act" means the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013);
(b) “designated officer" means any officer of the Authority charged by it with the duty and responsibility
of issuance of notice, circulation of agenda, recording, circulating and safe-keeping of the minutes of the
meetings of the Pension Advisory Committee;
(c) “member” means a member of the Pension Advisory Committee as established by the Authority
under sub-section (1) of section 45 of the Act and includes ex officio members (i.e., the Chairperson and
members of the Authority);¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 5
(d) "Pension Advisory Committee” means the Pension Advisory Committee established by the Authority
under sub-section (1) of section 45 of the Act;
(e) “total strength”, in relation to the Pension Advisory Committee, means the total number of members
existing at any given time.
(2) Words and expressions used and not defined in these regulations but defined in the Act shall have the
meanings respectively assigned to them in the Act.
3. Establishment of Pension Advisory Committee.—(1) The Authority may, by notification, establish with
effect from such date as it may specify in the notification, a Committee to be known as the Pension Advisory
Committee.
(2) The Pension Advisory Committee shall consist of not more than twenty-five members, excluding
ex officio members, to represent the interests of employees’ associations, subscribers, commerce and industry,
intermediaries, and organizations engaged in pension research.
(3) The Chairperson and the members of the Authority shall be the ex officio Chairperson and ex officio
members of the Pension Advisory Committee.
(4) The objects of the Pension Advisory Committee shall be to advise the Authority on matters relating to the
making of the regulations under section 52 of the Act.
(5) Without prejudice to the provisions of sub-regulation (4), the Pension Advisory Committee may advise
the Authority on such matters as may be referred to it by the Authority and also on such matters as the
Pension Advisory Committee may deem fit.
4. Procedure for meetings of Pension Advisory Committee.—(1) The Pension Advisory Committee may
meet for the dispatch of business, adjourn and otherwise regulate its meetings, as provided in these
regulations.
(2) The Pension Advisory Committee may meet as often as may be considered necessary but not less than
two times in a year, for advising the Authority on matters referred to in sub-regulations (4) and (5) of
regulation 3.
(3) Every meeting of the Pension Advisory Committee shall be held at such place and time as may be decided
by the Chairperson.
(4) Remote participation, during a meeting, may be carried out using videoconferencing or any other
electronic procedure. Members who participate in a meeting remotely shall be counted in establishing a
quorum or a majority. In the event of a remote participation, attendance records shall be annotated “remote
participation” by the designated officer.
(5) For the purposes of convenience of attention to business, the Chairperson may with the consent of the
Pension Advisory Committee also constitute sub-committee of members whose decision thereon will be
available to the Pension Advisory Committee. The Chairperson will nominate one member of the
sub-committee so constituted, as the Chairperson of the concerned sub-committee.
(6) The notice and agenda for the meeting shall normally be circulated seven days in advance by the
designated officer. The notice and agenda may be delivered to the members personally upon
acknowledgement or dispatched by registered post or courier service or transmitted through any other secure
and reliable electronic means of communication, as may be recognised under any law for the time-being in
force:
Provided that the Chairperson may convene an emergency meeting of the Advisory Committee by
giving at least forty-eight hours’ notice.
(7) Every meeting of the Pension Advisory Committee shall be presided over by the Chairperson. If for any
reason, the Chairperson is unable to attend a meeting of the Pension Advisory Committee, any other ex
officio member, being a whole-time member of the Authority chosen by the members present shall preside at
the meeting.
Similarly, every meeting of the sub-committees shall be presided over by the designated Chairperson of the
concerned sub-committee and if for any reason, the designated Chairperson is unable to attend the meeting of6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
the sub-committee, any other member of the sub-committee chosen by the members present shall preside over
the meeting of the sub-committee.
(8) Any item not included in the agenda of the Pension Advisory Committee may be taken up for
consideration, if so approved by the Chairperson, or by the presiding member, as the case may be.
5. Term of office.—(1) The term of office of members of the Pension Advisory Committee shall be for a
period of three years from the date of their nomination by the Authority.
(2) All out-going members may be eligible for re-nomination, provided that any member who has held two
consecutive terms of office shall be eligible for re-nomination only after the expiry of a period of two years
from the date he ceases to be member of the Pension Advisory Committee.
(3) The sub-regulations (1) and (2) shall not be applicable to ex officio members of the Pension Advisory
Committee and to members appointed to the Pension Advisory Committee by virtue of their official
designation.
6. Quorum.—(1) The quorum for transaction of business at a meeting of the Pension Advisory Committee or
sub-committee shall be a minimum of one-third of the total strength:
Provided that any fraction that might arise while calculating the one-third total strength be disregarded.
(2) If at any meeting, quorum is not present, the Chairperson or the presiding member, as the case may be,
shall after waiting for thirty minutes from the scheduled commencement time of the meeting, adjourn the
meeting for such hour on the same day or some other day as he may deem fit. Where at the adjourned
meeting also the required quorum is not present, the members present shall constitute the quorum and proceed
with the transaction of business.
(3) A member shall attend all the meetings of the Pension Advisory Committee or sub-committee, save where
leave of absence has been sought and the same has been granted by the Chairperson or the presiding member.
(4) Where a member ceases to attend consecutively three meetings of the Pension Advisory Committee
without just and sufficient cause, the Authority may consider exclusion of his name from the Pension
Advisory Committee and fill in the resultant vacancy as it may consider necessary.
7. Minutes of the meetings.—(1) The Chairperson or the presiding member shall cause the minutes to be
recorded of the proceedings at the meetings of the Pension Advisory Committee or sub-committee in such
form and manner as may be considered appropriate by him.
(2) The minutes shall also contain the names of members present at the meeting.
(3) The minutes of each meeting shall contain a fair and correct summary of the decision or decisions arrived
at the meeting.
(4) The designated officer shall send a copy of the minutes by digital or any other electronic means as
finalised and approved by the Chairperson, or the presiding member, as the case may be, to each of the
members for his or her information.
8. Miscellaneous provisions.—(1) Each member of the Pension Advisory Committee (except ex officio
members and government officials) shall be entitled to re-imbursement of expenses, sitting fees, incidentals,
etc. from the Authority for attending the meetings of the Pension Advisory Committee or sub-committee in
accordance with such scales as may be specified by the Authority from time to time.
(2) No member, other than the Chairperson or a person specifically authorised by him shall give information
to the Press or to any other public media on matters relating to the decisions taken at the meetings of the
Advisory Committee or sub-committees.
HEMANT G. CONTRACTOR, Chairperson
[ADVT-III/4/Exty./203/14(271)]
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.