Section 20: Period of validity of certificate of empanelment

(1) Subject to compliance with the provisions of the Act, these regulations, the certificate granted to anannuity service provider shall be valid unless surrendered by it or suspended or cancelled in accordance with these regulations.

(2) An Annuity Service Provider who has been granted a certificate of empanelment, to keep suchempanelment in force, shall pay afee of rupees twenty-five thousand within ninety days before the expiry of five years from the date of first empanelment or date of the payment of fee last accepted by the Authority, by way of making an application in the specified form to the Authority.