Rules for accounts and records by Pension Fund Authority

By | September 2, 2015
(Last Updated On: September 2, 2015)

Rules for accounts and records by Pension Fund Authority

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (FORM OF ANNUAL STATEMENT OF ACCOUNTS AND RECORDS) RULES, 2015

NOTIFICATION NO.GSR 519(E) [F.NO.11/8/2014-PR], DATED 26-6-2015

In exercise of the powers conferred by clause (h) of sub-section (2) of section 51, read with sub-section (1) of section 42 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Central Government, in consultation with the Comptroller and Auditor-General of India, hereby makes the following rules, namely:—

Short title and commencement

1. (1) These rules may be called the Pension Fund Regulatory and Development Authority (Form of Annual Statement of Accounts and Records) Rules, 2015.

(2) They shall come into force on the date of their publication in the Official Gazette.

Definitions

2. In these rules, unless the context otherwise requires,

(a) “Act” means the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013);
(b) “Form” means a form appended to these rules;
(c) “Schedule” means a Schedule appended to the Form;
(d) words and expressions used in these rules and not defined, but defined in the Act shall have the meanings respectively assigned to them in the Act.

Annual statement of accounts and other relevant records

3. At the expiration of a period of twelve months ending with the 31st March of every year, the Authority shall prepare with reference to that period, a balance-sheet, an income and expenditure account and receipt and payment account in the Forms as specified below, namely:—

(a) the Balance-Sheet in Form “A”;
(b) the Income and Expenditure Account in Form “B”;
(c) the Receipt and Payment Account in Form “C”.

Maintenance of accounts, etc.

4. The Authority shall preserve the Balance-Sheet, the Income and Expenditure Account and the Receipt and Payment Account referred to in rule 3, for a minimum period of five years following the financial year to which they relate.

Authorised Signatory

5. The Balance-Sheet, Income and Expenditure Account and Receipt and Payment Account and the Schedules appended thereto shall be signed by the Chief Account Officer of the Authority, Chairperson and two members of the Authority.

FORM A

[See rule 3 (a)]

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

 

FORM B

[See rule 3(b)]

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

 

FORM C

[See rule 3(c)]

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

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