Question

The Authority may, by granting a certificate 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.

registration permit one or more persons to act as a pension fund for the purpose of ____________________

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

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