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Section 13: Manner and form in which contracts may be executed

Pension Fund Regulatory and Development Authority (Procedure for Authority Meetings) Regulations, 2015Central Regulations · 2013

(1) Any contract which, if made between private persons would by law be required to be in writing, signed by the parties to be charged therewith, may be made on behalf of the Authority in writing signed by any member, officer of the Authority or any other person acting under its authority, express or implied and may in the same manner be varied or discharged.

(2) Any document connected with any contract may be signed and verified on behalf of the Authority by any officer authorised by Chairperson to sign such document for and on behalf of the Authority.

(3) All contracts made according to the provisions of this regulation shall be valid and binding on the Authority.

14. Signing of accounts and documents - (1) The Chairperson, the whole time members, or any officer as may be nominated by the Chairperson by designation or otherwise are hereby severally authorised for and on behalf of the Authority to endorse and transfer negotiable instruments, stock-receipts, stock, debentures, shares, securities, and documents of title to movable and immovable properties standing in the name of or held by the Authority, and to draw, accept and endorse bills of exchange and other instruments in the current and authorised business of the Authority and to sign all other accounts, receipts and documents connected with such business.

(2) Plaints, written statements, complaints, affidavits, petitions and all other documents connected with legal proceedings may be signed and verified on behalf of the Authority by any officer authorised by the Chairperson to sign such documents for and on behalf of the Authority. This shall also include the authority to give evidence before any court, forum, tribunal or authority.

Where this provision sits

ActPension Fund Regulatory and Development Authority (Procedure for Authority Meetings) Regulations, 2015
Section13
Marginal noteManner and form in which contracts may be executed
JurisdictionCentral
StatusIn force as published by the source

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