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Section 41: Constitution of Subscriber Education and Protection Fund.

The Pension Fund Regulatory and Development Authority Act, 2013Central Act · Act 23 of 2013

(1) The Authority shall establish a fund to be called the Subscriber Education and Protection Fund.

(2) There shall be credited to the Subscriber Education and Protection Fund the following amounts, namely:—

(a) grants and donations given to the Subscriber Education and Protection Fund by the Central Government, State Governments, companies or any other institutions for the purposes of the Subscriber Education and Protection Fund;

(b) the interest or other income received out of the investments made from the Subscriber Education and Protection Fund;

(c) the sums realised by way of penalties by the Authority under section 28.

(3) The Subscriber Education and Protection Fund shall be administered and utilised by the Authority for protection of the interests of subscribers in accordance with regulations made for the purpose.

Where this provision sits

ActThe Pension Fund Regulatory and Development Authority Act, 2013
Section41
Marginal noteConstitution of Subscriber Education and Protection Fund.
JurisdictionCentral
StatusIn force as published by the source

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