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Corporate Law - With the globalization of Indian economy and increase in development of international trade the movement of workers across the world has also been increased. Social security is an important aspect while structuring the international assignments for the employees. Any social security benefit payable in the host country may become an added ...
Read MoreCorporate Law - To create a retirement corpus one of the secured way is National Pension Scheme (NPS). Resident as well as Non- Resident can open this account. Do you want to know how to start contributing to NPS without going anywhere physically? Let’s find the answer below. There is an eNPS facility which you can use to […]...
Read MoreCorporate Law - NATIONAL PENSION SYSTEM (N.P.S.) BACKGROUND The National Pension System is a defined contribution scheme launched by Pension Fund Regulatory & Development Authority (P.F.R.D.A) in 2004 for government employees & subsequently in 2009 for all citizen. The eligible subscribers are allotted a 12 digit unique Permanent Retirement Accou...
Read MoreCorporate Law - NPS is a government-sponsored pension scheme. It was launched in January 2004 for government employees. However, in 2009, it was opened to all sections. The scheme allows subscribers to contribute regularly in a pension account during their working life. On retirement, subscribers can withdraw a part of the corpus in a lump sum and use ...
Read MoreCorporate Law - A person can open two accounts under National Pension System (NPS). The main account is called Tier I account and an additional account is labelled as Tier II account. Let us understand about both of these accounts. Features of Tier I NPS account: Tier I is the default and proper pension account under NPS. This […]...
Read MoreCorporate Law - Department of Pension & Pensioners' Welfare, since the lock-down on account of the unprecedented COVID-19 pandemic, has been taking various initiatives for the pensioners, to ensure the timely credit of pension & retirement benefits and keep them healthy and aware during this time of COVID-19 pandemic....
Read MoreCorporate Law - Pension Fund Regulatory and Development Authority (PFRDA) has appointed Shri Arnab Roy as Stipendiary Ombudsman in terms of PFRDA (Redressal of Subscriber Grievance) Regulations, 2015 for resolving NPS/APY subscriber grievances....
Read MoreCorporate Law - Modification in Partial Withdrawal rules under NPS: Partial withdrawals will now be allowed to NPS subscribers who wish to improve their employability or acquire new skills by pursuing higher education/ acquiring professional and technical qualifications. Further, individual NPS subscribers who wish to set up a new business/ acquire new b...
Read MoreCorporate Law - Employees’ Provident Fund Organisation (EPFO), which is providing a host of e-services for its stakeholders, has now introduced a new service through ‘UMANG app’. On clicking ‘View Passbook’ option, it requires PPO Number and Date of Birth information to be entered by the pensioner. ...
Read MoreCorporate Law - The Union Cabinet chaired by chaired by Prime Minister Shri Narendra Modi has given its approval for extending the investment limit from Rs 7.5 lakhs to Rs 15 lakhs as well as extension of time limits for subscription from 4th May 2018 to 31st March, 2020 under the Pradhan Mantri Vaya Vandan Yojana (PMVVY) as part of Government's commitme...
Read MoreKrishna Kumar Tiwari Vs State of Chhattisgarh (Chhattisgarh High Court) - Krishna Kumar Tiwari Vs State of Chhattisgarh (Chhattisgarh High Court) Pension can not be withheld for indefinite period contrary to Section 9(4) of C.G. Civil Service (Pension) Rules, 1976. FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT 1. Heard. 2. The grievance of the petitioner is that the petiti...
Read MorePunjab National Bank Vs Add. CIT (ITAT Delhi) - Whether the disallowance of contribution made to PNB Employees Pension Fund Trust, which the assessee claims to be its legitimate business expenditure is justified in law?...
Read MoreGanesh Prasad Mishra Vs Commissioner EPF Organization (Madhya Pradesh High Court at Indore) - The Hon'ble MP High court in the above stated case placing reliance on the decision of Hon'ble Supreme court in the case of Rajasthan State Road Transport Corporation vs. President, Rajasthan Roadways Union & Anr....
Read MorePFRDA/17/07/0001/2017-SUP-C - (15/02/2021) - Transfer of Legacy Funds of NPS Subscribers of Government Sectors (SGs/ CABs/ SABs) pursuant to opening of choice of Investment schemes and Pension Funds- reg....
Read MoreCIR No.: PFRDA/2020/55/SUP-ASP/2 - (28/12/2020) - PFRDA offers NPS Subscribers comprehensive and digitally enabled solutions for their diverse needs viz. on-boarding, servicing, exit and facilitating issuance of annuity as per their choice, through its registered intermediaries and empanelled Annuity Service Providers (ASPs)....
Read MoreNotification No. 18/1/2020-P&PW(H)-Vol-III-6786 - (23/11/2020) - his year, all Central Government pensioners may submit Life Certificate from 1st November, 2020 onward, till February 28, 2021. During this extended period, the pension will be continued to be paid by the Pension Disbursing Authorities (PDAs) uninterrupted....
Read MoreNotification No. PFRDA/12/RGL/139/8 - (29/09/2020) - 1. These regulations may be called the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (Amendment) Regulations, 2020. 2. These shall come into force on the date of their publication in the official gazette....
Read MoreCIR No : PFRDA/2020/37/SUP-CRA/15 - (03/09/2020) - PFRDA has issued a Circular pertaining to ‘e-Nomination facility for NPS Subscribers’ in order to help and guide the Subscribers of NPS in understanding detailed provisions regarding ‘Nominations’ under NPS and process flow of e-Nomination facility....
Read MorePFRDA/17/07/0001/2017-SUP-C - (15/02/2021) -
Release ID: 1697152 - (11//0/2/20) -
CIR No.: PFRDA/2020/55/SUP-ASP/2 - (28/12/2020) -
Notification No. 18/1/2020-P&PW(H)-Vol-III-6786 - (23/11/2020) -
Krishna Kumar Tiwari Vs State of Chhattisgarh (Chhattisgarh High Court) -
Notification No. PFRDA/12/RGL/139/8 - (29/09/2020) -
