Act Number: 23

Act Name: The Pension Fund Regulatory and Development Authority Act, 2013

Year: 2013

Enactment Date: 2013-09-18

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 10: Vacancies, etc., not to invalidate proceedings of Authority.
    No act or proceeding of the Authority shall be invalid merely by reason of--
         (a) any vacancy in, or any defect in the constitution of, the Authority; or
         (b) any defect in the appointment of a person acting as a member of the Authority; or
         (c) any irregularity in the procedure of the Authority not affecting the merits of the case.
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