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    Question

    Central Government can supersede the Pension Fund

    Regulatory and Development Authority for a maximum period of …… for mentioned reasons.
    A 2 months Correct Answer Incorrect Answer
    B 3 months Correct Answer Incorrect Answer
    C 90 days Correct Answer Incorrect Answer
    D 6 months Correct Answer Incorrect Answer
    E 180 days Correct Answer Incorrect Answer

    Solution

    Section 44 of PFRDA Act 2013 Power of Central Government to supersede Authority—(1) If at any time the Central Government is of the opinion that— (a) on account of circumstances beyond the control of the Authority, it is unable to discharge the functions or perform the duties imposed on it by or under the provisions of this Act; or (b) the Authority has persistently defaulted in complying with any direction issued by the Central Government that the Central Government is entitled to issue under this Act or in the discharge of the functions or performance of the duties imposed on it by or under the provisions of this Act and as a result of such default the financial position of the Authority or the administration of the Authority has deteriorated; or (c) circumstances exist which render it necessary in the public interest so to do, the Central Government may, by notification and for reasons to be specified therein, supersede the Authority for such period, not exceeding six months, as may be specified in the notification.

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