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(3TKrST/^|chlM* ^TO^ TO TOT) (Stt^fTO^ TO TOT) ] STOTO t̂ TOTOTOT (TO|ef ^t, • ) [*n*TlMa^3(i)] •TOT m TFPT* : sraiwi 5 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 20th August, 2014.
G.S.R. 597(E).—In exercise of the powers conferred by clause (a) of sub-section (2) of section 51, read with sub section (3) of section 5 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Central Government hereby makes the following rules, namely:-
1. Short title and commencement.—(1) These rules may be called the Pension Fund Regulatory and Development Authority (Salary and Allowances Payable to, and Other Terms and Conditions of Service of, Chairperson and Whole-time Members) Rules, 2014.
2. They shall come into force on the date of their publication in the Official Gazette.
2. Definition.—In these rules, unless the context otherwise requires,-
(a) "Act" means the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013);
(W\ "whole-time member" means the whole-time member referred to in clause ^b^ of section 4 of the Act'
(c) words and expressions used herein and not defined but defined in the Act, shall have the meanings respectively iî signeu OJ isic;*; ix\ mv /ivt.
3. Selection Committee for appointment of Chairperson and whole-timemembers.—(1) The Chairperson of the Pension Fund Regulatory and Development Authority and every whole-time member thereof shall be appointed by the Central Government on the recommendation of a Selection Committee consisting of the following namely.-
(a) Secretary, Ministry of Finance (Department of Financial Services) Chairman ex officio;
(b) Secretary, Ministry of Finance (Department of Economic Affairs) Member ex officio;
(c) Secretary, Ministry of Personnel, Public Grievances and Pensions (Department of Pensions and Pensioners' Welfare) Member ex officio;
(d) Secretary, Ministry of Personnel, Public Grievances and Pensions (Department of Personnel and Training) Member ex officio;
(e) Secretary, Ministry of Labour and Employment Member ex officio; ._
(f) two experts of eminence from the relevant field to be nominated by the Minister in-charge of the Ministry of Finance Members.
(2) The Selection Committee may regulate its own procedure for its meetings for the purpose of sub-rule (1)
4. Fiduciary declaration.—The Chairperson and every whole-time member shall, on or before his appointment as such, declare on an affidavit the particulars of previous employment and shareholding in any regulated entity referred to in section 7 of the Act and previous or present employment of his spouse, dependent children and parents and the particulars of any shareholding of his spouse, dependent children and parents in any regulated entity at any time during his tenure as such.