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Section 17: Process of transfer of assets in case of termination or surrender of certificate of registration

Pension Fund Regulatory and Development Authority (Central Record keeping Agency) (First Amendment) Regulations 2018Central Regulations · 2013

The treatment of the regulated assets at the end of central recordkeeping agency’s tenure shall be as follows:- a. the central recordkeeping agency’s software application shall be transferred at zero cost to the other central recordkeeping agency or any entity authorized for this purpose by the Authority;

b. any third party software and components off the shelf specific to the central recordkeeping agency application system, shall also be transferred at zero cost to the other central recordkeeping agency or any other entity authorized for this purpose by the Authority;

¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 9 c. dedicated system-specific hardware (if any) both at the primary data center and the Disaster Recovery Center, shall be transferred as per the book value of these assets;

d. database shall be transferred to the new central recordkeeping agency or any other entity at zero cost.

e. any incidental costs on account of transfers, shall be borne by the transferor central recordkeeping agency.

(XII) In Regulation 18, Sub regulation (1) shall be substituted as follows:

Where this provision sits

ActPension Fund Regulatory and Development Authority (Central Record keeping Agency) (First Amendment) Regulations 2018
Section17
Marginal noteProcess of transfer of assets in case of termination or surrender of certificate of registration
JurisdictionCentral
StatusIn force as published by the source

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