Pension Fund Regulatory and Development Authority (Point of Presence) (First Amendment) Regulations 2016

EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 415] NEW DELHI, MONDAY, NOVEMBER 21, 2016/KARTIKA 30, 1938 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY NOTIFICATION New Delhi, the 30th September, 2016 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY ( POINT OF PRESENCE) (FIRST AMENDMENT) REGULATIONS 2016 No.PFRDA/12/RGL/139/9 ─In exercise of the powers conferred by sub-section (1) of section 52 read with clauses (e), (l) (n), (o) and (p) of sub-section (2) thereof of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Pension Fund Regulatory and Development Authority hereby makes the following regulations to amend the Pension Fund Regulatory and Development Authority (Point of Presence) Regulations 2015 namely: 1. These regulations may be called the Pension Fund Regulatory and Development Authority (Point of Presence) (First Amendment) Regulations, 2016. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Pension Fund Regulatory and Development Authority (Point of Presence) Regulations 2015:- (I) (i) After clause (b) of sub-regulation (1) of regulation (4) the following shall be inserted: “Provided that for Aggregators which are registered under the Pension Fund Regulatory and Development Authority (Aggregator) Regulations 2015, the requirement of minimum number of branches under this clause shall not be applicable, subject however that all other requirements shall apply.” (ii) After clause (c) of sub-regulation (1) of regulation (4) the following shall be inserted: “ Provided that for Aggregators which are registered under the Pension Fund Regulatory and Development Authority (Aggregator) Regulations 2015, the minimum net worth (paid up capital plus free reserves) shall be minimum of Rupees One crore, which shall include a minimum paid up capital of Rupees twenty five lakhs as on the last day of the immediately preceding financial year; Footnote: 1. The principal regulations, Pension Fund Regulatory and Development Authority (Point of Presence) Regulations, 2015 was published in the Gazette of India, Part III Section 4 on March 4, 2015 vide notification No. PFRDA/12/RGL/139/3. and Published by the Controller of Publications, Delhi-110054. ALOK KUMAR