Corporate Law - India is fast becoming one of the world’s largest connected nations - with over 80 Crores Indians presently connected and using the Internet and cyberspace - and with this number expected to touch 120 Crores in coming few years. The Internet also represents an important part of our Economy -...
Read MoreCorporate 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....
Read MoreCorporate 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 ...
Read MoreCorporate Law - PFRDA Request for Proposal for Appointment of Chartered Accountant/ Cost Accountant Firm as Internal Auditor of PFRDA for F.Y.2022-23...
Read MoreCorporate Law - Introduction of Systematic Lump sum Withdrawal (SLW) for the benefit of NPS Subscribers and facilitate them with smart withdrawal facility...
Read MoreCorporate Law - The paper observes that India’s pension-sector (NPS plus APY), provides a flexible mode of oldage income-security not only for salaried employees but also to the common person. In the recent 5-years, 2017-18 to 2021-22, subscriber numbers have multiplied over three-fold led by APY...
Read MoreCorporate Law - The total enrollments under APY Scheme have crossed 4.01 crore as on March 2022 out of which more than 99 lakh APY accounts were opened during FY 2021-22. The scheme had seen this tremendous success due to the active participation of all categories of Banks. Around 71% of the enrolments done by Public-sector banks, 19% by Regional Rural B...
Read MoreCorporate Law - 1. INTRODUCTION A. Regulation 9 (3) (a) of the PFRDA (Pension Fund) Regulations, 2015, as subsequent amendments thereto reads that “a certificate of registration granted to a pension fund shall remain valid unless suspended or cancelled by the Authority”. B. Accordingly, these guidelines are being issued with the objective of opening ...
Read MoreCircular No. PFRDA/2022/36/SUP-CRA/12 - (22/11/2022) - PFRDA had enabled multiple modes of digital on boarding into NPS through Digi Locker Issued Documents, Aadhaar e KYC/XML and PAN/Bank account....
Read MoreCircular No. PFRDA/2022/32/ASP-EXIT/03 - (14/11/2022) - PFRDA provides digitally enabled exit solutions for its Subscribers through Aadhaar / Two Factor Authentication (2FA). Under NPS, the Subscribers at the time of exit can avail of a defined amount as a lump sum and the balance amount has to be utilized for the purchase of immediate Annuity from the e...
Read MoreCircular No. PFRDA/2022/29/ASP-EXIT/02 - (20/10/2022) - Nomination can be made only by the subscriber. However, there are special provisions enabled as per exit regulations for treating the nomination as made in the service records to protect the interest of the subscribers who were employed and covered under NPS through their employers....
Read MoreCircular No. PFRDA/2022/31/REG-PF/04 - (20/10/2022) - PFRDA to allow option to allocate 75% of subscriber's contribution in Asset Class E (Equity) in Tier-I under active choice without any conditions of tapering from the age of 51 years....
Read MoreCircular No. PFRDA/2022/27/ASP-EXIT/01 - (19/10/2022) - It is observed that in certain cases, the subscribers post availing lump sum had met with unfortunate death but before issuance of annuity and the amount meant for Annuity lie in CRA System. In such cases, the following are the guidelines which can be applicable to handle the corpus meant for issue ...
Read MoreCircular No. PFRDA/2022/36/SUP-CRA/12 - 22/11/2022
Circular No. PFRDA/2022/32/ASP-EXIT/03 - 14/11/2022
Circular No. PFRDA/2022/29/ASP-EXIT/02 - 20/10/2022
Circular No. PFRDA/2022/31/REG-PF/04 - 20/10/2022
Circular No. PFRDA/2022/27/ASP-EXIT/01 - 19/10/2022
Circular No. PFRDA/2022/24/Sup-CRA/09 - 12/10/2022
Circular No. PFRDA/2022/24/Sup-CRA/09 - 29/09/2022
Circular No. PFRDA/2022/23/SUP-CRA/08 - 19/09/2022