PFRDA Notifies Amendments To NPST, Pension Fund Regulations For Good Governance pragativadi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pragativadi.com Daily Mail and Mail on Sunday newspapers.
PFRDA said that CRAs will disseminate a detailed Standard Operating Procedure (SOP) along with the process flow to Government Nodal Offices and engage extensively with Nodal Officers to make them aware of the changes thereby ensuring a seamless transition.
The Pension Fund Regulatory and Development Authority (PFRDA) has announced key amendments to the National Pension System Trust (NPST) and Pension Fund Regulations aimed at streamlining governance and reducing compliance complexity, in alignment with the Companies Act, 2013., Personal Finance News, Times Now
The new rules are related to the related to appointment of trustees, their terms and conditions, holding of meetings of Board of Trustees and appointment of CEO - NPS Trust, which is in line with the Companies Act, 2013.
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations of the National Pension System (NPS) Trust and the Pension Fund to reduce the cost of compliance and enhance the ease of doing business. As per the official statement issued on Wednesday, the National Pension System Trust (Second Amendment) Regulations 2023 and Pension Fund (Amendment) Regulations 2023 have been notified on 5th February and 9 February 2024, respectively.