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Section 6: Cessation of office of trustee

Pension Fund Regulatory and Development Authority(National Pension System Trust) Regulations, 2015Central Regulations · 2013

The office of a trustee shall be treated as vacated if he or she-

(i) dies;

(ii) resigns;

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(iii) ceases to hold the office by virtue of which he or she was appointed as a trustee;

(iv) becomes insane;

(v) becomes bankrupt or insolvent;

(vi) becomes infirm or incapable of functioning due to ill health;

(vii) is convicted of any offence involving moral turpitude;

(viii) does not attend two consecutive meetings of the trust, without obtaining leave of absence. However, this may be condonable at the discretion of the Authority for valid reasons to be recorded in writing; or

(ix) any other ground in the opinion of the Authority, which warrants such removal.

Where this provision sits

ActPension Fund Regulatory and Development Authority(National Pension System Trust) Regulations, 2015
Section6
Marginal noteCessation of office of trustee
JurisdictionCentral
StatusIn force as published by the source

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