(1) The pension fund shall maintain books and records about the operation of pension schemes to ensure compliance with the provisions of the Income-tax Act, the Companies Actor under any other Act in force and in such manner as may be required or called for by the Authority .
(2) Every pension fund shall keep and maintain proper books of accounts, records and documents, for each scheme so as to give a true and fair view of the state of affairs of the scheme and shall intimate to the Authority and National Pension System Trust the place where such books of account, records and documents are maintained, if not maintained at the registered office of the pension fund. Pension fund is solely responsible for the maintenance and correctness of books of accounts, records and documents.
(3) The pension fund shall follow the accounting policies as may be specified by the Authority from time to time.