The Pension Fund Regulatory and Development Authority

Solution

Section 1. Short title, extent and commencement: (3) (3) It shall come into force on 1^st February, 2014. Pension Fund Regulatory and Development Authority is   the   regulatory   body   under   the jurisdiction of Ministry of Finance, Government of India for overall supervision and regulation of pension sector in India. It was   established   through   a   resolution   by   the Government of India to promote, develop and regulate pension sector in India based on the recommendations of the OASIS (Old age social and income security) report.