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The Pension Fund Regulatory and Development Authority Act, 2013


15. Power to issue directions.

Save as otherwise provided in section 14, if after making, or causing to be made, an inquiry, the Authority is satisfied that it is necessary—

      i.        in the interests of subscribers or orderly development of National Pension System or a pension scheme to which this Act applies; or

     ii.        to prevent the affairs of any intermediary or other persons or entities referred to in section 27 being conducted in a manner detrimental to the interests of subscribers; or

    iii.        to secure the proper management of any such intermediary or person or entity, it may issue such directions to such intermediaries or entities or to any person or class of persons referred to in section 27, or associated with the pension fund, as it may deem fit:

Provided that the Authority shall, either before or after passing such orders, give an opportunity of being heard to such intermediaries, entities or persons concerned.



The Pension Fund Regulatory and Development Authority Act, 2013 Back




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