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Section 7: Functions of the committee

Pension Fund Regulatory and Development Authority (Subscriber Education and Protection Fund) Regulations, 2015Central Regulations · 2013

(1) The committee shall recommend the following activities relating to the subscribers’ education, awareness and protection.

(2) In particular, and without prejudice to the generality of the foregoing functions, such functions may include the following, namely;

(a) appropriate maintenance of record of each of the activities carried out for utilizing the Fund, and details of such records shall include-

(i) purpose of the activity;

(ii) location of the activity;

(iii) type of the activity (e.g. seminar, workshop, training, distribution of literature etc.);

(iv) the details of the participants (name, age, gender, occupation,) in seminars, workshops, training programmes;

(v) copies of such literature along with details of time, date, number of copies distributed, activities involving distribution of literature and similar awareness generation activities;

(b) Submission of a report to the Authority on a quarterly basis including but not limited to—

(i) funds received from different sources,

(ii) utilization of funds in a consolidated manner as well as segregated activity wise ,

(iii) number of new subscribers from locations where the activities were carried out;

(iv) number of people who attended the activities and classification of such attendees or participants into age, groups, gender, occupation type;

(v) plan for the forthcoming quarter, for the activities to be carried out, if any.

(3) The Authority shall review the reports referred to in clause (b) of sub-regulation (2) and assess performance of the activities of the committee. It shall give directions for the optimal utilization of the Fund, in order to enhance the effectiveness of its activities.

(4). The committee may recommend projects and initiatives in association with various institutions, associations and organisations etc. which are engaged in activities, related to subscriber awareness, education and protection.

Where this provision sits

ActPension Fund Regulatory and Development Authority (Subscriber Education and Protection Fund) Regulations, 2015
Section7
Marginal noteFunctions of the committee
JurisdictionCentral
StatusIn force as published by the source

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