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The Authority may, by granting a certificate of registration permit one or more persons to act as a pension fund for the purpose of ____________________

Q: Answer-The Authority may, by granting a certificate of registration permit one or more persons to act as a...

Section 23. Pension funds 1 The Authority may, by granting a certificate of registration under sub-section 3 of section 27, permit one or more persons to act as a pension fund for the purpose of receiving contributions, accumulating them and making payments to the subscriber in such manner as may be specified by regulations.

A Receiving contributions, accumulating them and making payments to the subscriber

B Responsible for receiving instructions from subscribers through the points of presence, transmitting such instructions to pension funds, effecting switching instructions received from subscribers and discharging such other duties and functions

C Receiving contributions and instructions, transmitting them to the Trustee Bank or the central recordkeeping agency and paying out benefits to subscribers

D All a, b & c

E Both a & b

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The Authority may, by granting a certificate of registration permit one or more persons to act as a pension fund for the purpose of ____________________

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