Section 22
Point of presence.
The Pension Fund Regulatory and Development Authority Act, 2013
About this Act
An Act to provide for the establishment of an Authority to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds and for matters connected therewith or incidental thereto.
(1) The Authority may, by granting a certificate of registration under
sub-section (3) of section 27, permit one or more persons to act as a point of presence for the purpose of
receiving contributions and instructions, transmitting them to the Trustee Bank or the central
recordkeeping agency, as the case may be, and paying out benefits to subscribers in accordance with the
regulations made by the Authority from time to time in this regard.
(2) A point of presence shall functions in accordance with the terms of its certificate of registration and the regulations made under this Act.
(2) A point of presence shall functions in accordance with the terms of its certificate of registration and the regulations made under this Act.