Which type of penalty can be imposed on intermediaries under PFRDA Act?

PFRDA can impose penalties like monetary fines and license suspension on intermediaries for violations of the Act or regulations. These penalties ensure discipline, protect subscriber interests, and maintain fair practices in the pension sector. Imprisonment is not directly provided under the Act but severe violations may attract legal action separately. By using monetary and operational penalties, PFRDA enforces compliance proportionately, deterring misconduct. This mechanism ensures regulatory stability and strengthens confidence  in the pension framework’s integrity.