1st February , 2014,vide Notification No. S.O. 302(E), dated 1st February, 2014, see Gazette of India, Extrao… — THE PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY ACT, 2013

1st February , 2014,vide Notification No. S.O. 302(E), dated 1st February, 2014, see Gazette of India, Extraordinary, Part II, sec. 3(ii).

1. 1st February , 2014,vide Notification No. S.O. 302(E), dated 1st February, 2014, see Gazette of India, Extraordinary, Part II, sec. 3(ii). (h) “member” means a member of the Authority and includes its Chairperson; (i) "National Pension System" means the contributory pension system referred to in section 20 whereby contributions from a subscriber are collected and accumulated in an individual pension account using a system of points of presence, a central recordkeeping agency and pension funds as m ay be specified by regulations; (j) "National Pension System Trust" means the Board of Trustees who hold the assets of subscribers for their benefit; (k) “notification” means a notification published in the Official Gazette; (l) "pension fund" means an intermediary which has been granted a certificate of registration under sub -section (3) of section 27 by the Authority as a pension fund for receiving contributions, accumulating them and making payments to the subscriber in the manner as may be specified by regulations; (m) "Pension Regulatory and Development Fund" means the fund constituted under subsection(1) of section 40; (n) "point of presence" means an intermediary registered with the Authority under sub-section (3) of section 27 as a point of presence and capable of electronic connectivity with the central recordkeeping agency for the purposes of receiving and transmitting funds and instructions and pay out of funds; (o) “prescribed” means prescribed by rules made under this Act; (p) "regulated assets" means the assets and properties, both tangible and intangible, owned, leased or developed by and other rights belonging to, the central recordkeeping agency; (q) “regulations” means the regulations made by the Authority under this Act; (r) “scheme” means a scheme of pension fund approved by the Authority under this Act; (s) "Securities Appellate Tribunal" means a Securities Appellate Tribunal established under subsection (1) of section 15K of the Securities and Exchange Board of India Act, 1992(15 of 1992); (t) “subscriber” includes a person who subscribes to a scheme of a pension fund; (u) "Subscriber Education and Protection Fund" means the fund constituted under sub-section (1) of section 41; (v) "Trustee Bank" means a banking company as defined in the Banking Regulation Act, 1949 (10 of 1949) . (2) Words and expressions used and not defined in this Act, but defined in— (i) the Insurance Act, 1938 (4 of 1938); (ii) the Companies Act, 1956(1 of 1956); (iii) the Securities Contracts (Regulation) Act, 1956 (42 of 1956); and (iv) the Securities and Exchange Board of India Act, 1992 (15 of 1992) , shall have the meanings respectively assigned to them under those Acts. CHAPTER II PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

Section 1