pfrda

National Pension Scheme in India

Corporate Law - National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to Citizens of India. It brings an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based return....

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Continuity of EEE and EET model of tax savings

Corporate Law - Domestic savings are crucial, both for the national economy as well as for the people who save, particularly during recessionary times. This was proved once again, wherein unlike many Western countries, India remained fairly insulated from the recent global economic slowdown due to its relatively high level of savings. Ideally one should ...

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Overseas Citizen of India can enroll in NPS at par with NRIs

Corporate Law - Pension Fund Regulatory and Development Authority (PFRDA) has now permitted Overseas Citizen of India (OCI) to enroll in National Pension Scheme (NPS) at par with Non-Resident Indians vide Circular No: PFRDA/2019/19/PDES/3 dated 29th October 2019....

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NPS to observe Service Fortnight from June 27 to July 9, 2016

Corporate Law - National Pension System (NPS) to observe Service Fortnight from June 27 to July 9, 2016; Fortnight long campaign aims at awareness creation, service orientation and information dissemination along with subscribers registration. ...

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Official amendments to the Pension Fund Regulatory and Development Authority Bill, 2011

Corporate Law - 1. that the subscriber seeking minimum assured returns shall be allowed to opt for investing his funds in such schemes providing minimum assured returns as may be notified by the Authority; 2. withdrawals not exceeding 25 per cent of the contribution made by subscriber will be permitted from the individual pension account subject to the ...

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Public Comments and Stakeholders' Views Invited on the Report Submitted by Committee to Review Implementation of Informal Sector Pension

Corporate Law - A Committee to Review Implementation of Informal Sector Pension was constituted under the Chairmanship of Shri G N Bajpai former Chairman, SEBI, LIC and also member of PFRDA NPS Trust. The Committee has submitted its report on 1st July, 2011. The report is accessible on http://pfrda.org.in/indexmain.asp?linkid=180. Pension Fund Regulatory...

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New pension policy – PFRDA to retain 50 per cent cap on equity investment

Corporate Law - Pension regulator, PFRDA, today said that it would like to maintain the 50 per cent limit on investment in equities for the new pension fund, regardless of the recommendation of the Bajpai committee. We think that at the current stage of pension market in the country, investing more than 50 per cent in equities is not going to be fair to ...

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D-Remit – an additional option to contribute to NPS

CIR no. PFRDA/2020/44/SUP-CRA/17 - (01/10/2020) - Direct Remittance or D-Remit – an additional option to contribute – is now available for the Subscribers. D-Remit is an electronic system through which money can be transferred from Subscriber’s Bank account to the Trustee Bank directly. To use D-Remit, Subscriber is required to have a Virtual...

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PFRDA (Exits and Withdrawals Under the National Pension System) (Amendment) Regulations, 2020

Notification 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....

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e-Nomination facility for NPS subscribers

CIR 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....

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PFRDA (National Pension System Trust) (Second Amendment) Regulations, 2020

No. PFRDA/12/RGL/139/5 - (29/07/2020) - No person who is appointed as a trustee of the Board of Trustees of the National Pension System Trust shall be eligible to be appointed as a trustee of any other pension trust, or as a director of any of the intermediaries registered with the Authority or its sponsor:...

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PFRDA (Central Recordkeeping Agency) (Second Amendment) Regulations, 2020

Notification No. PFRDA/12/RGL/139/7 - (29/07/2020) - These regulations may be called the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) (Second Amendment) Regulations, 2020. . These shall come into force on the date of their publication in the official gazette....

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Recent Posts in "pfrda"

D-Remit – an additional option to contribute to NPS

CIR no. PFRDA/2020/44/SUP-CRA/17 (01/10/2020)

Direct Remittance or D-Remit – an additional option to contribute – is now available for the Subscribers. D-Remit is an electronic system through which money can be transferred from Subscriber’s Bank account to the Trustee Bank directly. To use D-Remit, Subscriber is required to have a Virtual ID (Virtual Account). The introduction ...

Read More

PFRDA (Exits and Withdrawals Under the National Pension System) (Amendment) Regulations, 2020

Notification 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 More

e-Nomination facility for NPS subscribers

CIR 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 More

PFRDA (National Pension System Trust) (Second Amendment) Regulations, 2020

No. PFRDA/12/RGL/139/5 (29/07/2020)

No person who is appointed as a trustee of the Board of Trustees of the National Pension System Trust shall be eligible to be appointed as a trustee of any other pension trust, or as a director of any of the intermediaries registered with the Authority or its sponsor:...

Read More

PFRDA (Central Recordkeeping Agency) (Second Amendment) Regulations, 2020

Notification No. PFRDA/12/RGL/139/7 (29/07/2020)

These regulations may be called the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) (Second Amendment) Regulations, 2020. . These shall come into force on the date of their publication in the official gazette....

Read More

PFRDA (Pension Fund) (Third Amendment) Regulations, 2020

No. PFRDA/12/RGL/139/9 (14/05/2020)

These regulations may be called the Pension Fund Regulatory and Development Authority (Pension Fund) (Third Amendment) Regulations, 2020. ...

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National Pension Scheme in India

National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to Citizens of India. It brings an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based return....

Read More
Posted Under: Corporate Law |

Revised Valuation Guidelines for valuation of securities under NPS Schemes

PFRDA/2019/23/REG-PF/4 (21/11/2019)

PFRDA issued valuation guidelines in April, 2012 for valuation of securities for NPS Schemes under PFRDA (Preparation of Financial Statements and Auditors Report of Schemes under National Pension System) Guidelines-2012....

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Change in Investment Guidelines for NPS Schemes

PFRDA/2019/22/REG-PF/3 (20/11/2019)

Change in Investment Guidelines for NPS Schemes — permitting Pension Funds to invest in Overnight Funds and all such short duration funds as may be permitted by SEBI from time to time...

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Overseas Citizen of India can enroll in NPS at par with NRIs

Pension Fund Regulatory and Development Authority (PFRDA) has now permitted Overseas Citizen of India (OCI) to enroll in National Pension Scheme (NPS) at par with Non-Resident Indians vide Circular No: PFRDA/2019/19/PDES/3 dated 29th October 2019....

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Posted Under: Corporate Law |

Procedure for Transfer from RPF / Superannuation fund to NPS

Circular No. PFRDA/2017/11/PD/3 (06/03/2017)

Clarification on Transfer of amount from recognised Provident Fund/Superannuation fund to National Pension System (Applicable for the individual employees)...

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NPS to observe Service Fortnight from June 27 to July 9, 2016

National Pension System (NPS) to observe Service Fortnight from June 27 to July 9, 2016; Fortnight long campaign aims at awareness creation, service orientation and information dissemination along with subscribers registration. ...

Read More
Posted Under: Corporate Law |

Official amendments to the Pension Fund Regulatory and Development Authority Bill, 2011

1. that the subscriber seeking minimum assured returns shall be allowed to opt for investing his funds in such schemes providing minimum assured returns as may be notified by the Authority; 2. withdrawals not exceeding 25 per cent of the contribution made by subscriber will be permitted from the individual pension account subject to the ...

Read More
Posted Under: Corporate Law |

Public Comments and Stakeholders' Views Invited on the Report Submitted by Committee to Review Implementation of Informal Sector Pension

A Committee to Review Implementation of Informal Sector Pension was constituted under the Chairmanship of Shri G N Bajpai former Chairman, SEBI, LIC and also member of PFRDA NPS Trust. The Committee has submitted its report on 1st July, 2011. The report is accessible on http://pfrda.org.in/indexmain.asp?linkid=180. Pension Fund Regulatory...

Read More
Posted Under: Corporate Law |

New pension policy – PFRDA to retain 50 per cent cap on equity investment

Pension regulator, PFRDA, today said that it would like to maintain the 50 per cent limit on investment in equities for the new pension fund, regardless of the recommendation of the Bajpai committee. We think that at the current stage of pension market in the country, investing more than 50 per cent in equities is not going to be fair to ...

Read More
Posted Under: Corporate Law |

Govt introduces Bill to give statutory power to PFRDA

Taking forward financial sector reforms, the government today introduced a long-pending PFRDA Bill in the Lok Sabha to give statutory status to interim pension regulator and promoting old age income security. The Bill, introduced by Finance Minister Pranab Mukherjee, provides for establishing a statutory regulatory body to be called the P...

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Posted Under: Corporate Law |

Cabinet okays PFRDA Bill- may go to Parliament soon

The Union Cabinet today approved a long-pending bill, which is aimed at giving statutory power to the pension regulator PFRDA, paving way for introduction of the same in the current session of Parliament.The draft legislation is aimed at upgrading the status of the Pension Fund Regulatory and Development Authority (PFRDA), which has been ...

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Posted Under: Corporate Law |

Panel report on restructuring pension scheme likely by Mar-end

The Pension Fund Regulatory and Development Authority (PFRDA) today said the Bajpai committee report on overhauling the structure of all citizens' pension scheme is expected by the end of this month. "They have committed that they would submit the report by end of this month," PFRDA Chairman Yogesh Agarwal said on the sidelines of a semin...

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Posted Under: Corporate Law |

PFRDA decides to take measures to attract voluntary subscribers for New Pension Scheme

Five months after taking charge as head of the Pension Fund Regulatory and Development Authority (PFRDA), Yogesh Agarwal has decided to take measures to ‘fix’ problems plaguing the New Pension Scheme (NPS), which has failed to attract voluntary subsc...

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Posted Under: Corporate Law |

Continuity of EEE and EET model of tax savings

Domestic savings are crucial, both for the national economy as well as for the people who save, particularly during recessionary times. This was proved once again, wherein unlike many Western countries, India remained fairly insulated from the recent global economic slowdown due to its relatively high level of savings. Ideally one should ...

Read More
Posted Under: Corporate Law |

National Pension Scheme for Poor Persons

The Interim Pension Fund Regulatory and Development Authority (PFRDA) has authorized 40 institutions including public sector banks, private banks and the Department of Posts as Points of Presence (POPs) for selling the New Pension system (NPS) to the...

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Posted Under: Corporate Law |

Operational Guidelines for the Swavalamban Scheme Announced

The Government of India has approved the Operational Guidelines for the Swavalamban Scheme which was announced by the Union Finance Minister in his speech of 2010-11. The Scheme is applicable to all citizens in the unorganised sector who join the New Pension Scheme (NPS) subject to their meeting the eligibility criteria. ...

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Posted Under: Corporate Law |

New Bill to replace existing ULIP ordinance

NA (28/07/2010)

Allaying RBI's fears, the government on Tuesday proposed to elevate its governor's post in the proposed joint mechanism to address the differences among financial regulators over hybrid products. The legislation, Securities and Insurance Laws (Amendment) and Validation, Bill 2010, presented in the Lok Sabha to replace the ULIP Ordinance, ...

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Pension regulator sought tax relief on investments in New Pension Scheme (NPS)

The interim pension regulator has sought tax relief on investments in the New Pension Scheme (NPS) to make it more attractive to employees of private sector firms. The Pension Fund Regulatory and Development Authority (PFRDA) has written to the finance ministry seeking level playing field for NPS with other long-term savings schemes that...

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Posted Under: Corporate Law |

MCA issued clarification on roadmap for Convergence with IFRS

A meeting of the Core Group constituted by the Ministry of Corporate Affairs for convergence of Indian Accounting Standards with the International financial Reporting Standards (IFRSs) from the year 2011 was held on 11th January, 2010 and on 29th March, 2010 under the chairmanship of Shri R. Bandyopadhyay, Secretary , Ministry of Corporat...

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Posted Under: Corporate Law |

Consolidated Statement on Clarifications on the Roadmaps for Application of Converged Indian Accounting Standards by Companies

On the basis of the deliberations taken place in the meeting on 29th March, 2010, a Press Release (No.3/2010) related to the roadmap for the application of the converged Indian Accounting Standards by the Banking companies, Insurance companies and Non-Banking finance companies was issued on 31st March, 2010. ...

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Posted Under: Corporate Law |

Department of posts to distribute new pension system

The Department of Posts, Government of India, has been enlisted as a Point of Presence (PoP) for distribution of the New Pension System (NPS) by Pension Fund Regulatory & Development Authority (PFRDA). The Department of Posts (DOP) would, to start with, make the NPS available at over 800 of its branches all over the country, and expand th...

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Posted Under: Corporate Law |

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