Question

What is the minimum net worth of PFRDA for pension fund managers?

A ₹50 crore Correct Answer Incorrect Answer
B ₹40 crore Correct Answer Incorrect Answer
C ₹25 crore Correct Answer Incorrect Answer
D ₹100 crore Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The Sponsor shall incorporate a Pension Fund as a separate limited company under the Companies Act, 2013 and shall ensure that such Pension Fund has a minimum positive tangible net worth of Fifty crore rupees or such other higher amount as may be specified by the Authority from time to time.

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