{"id":248733,"date":"2021-05-26T10:22:48","date_gmt":"2021-05-26T04:52:48","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=248733"},"modified":"2021-05-26T11:05:42","modified_gmt":"2021-05-26T05:35:42","slug":"pension-fund-regulatory-and-development-authority-pension-fund-fifth-amendment-regulations-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/26\/pension-fund-regulatory-and-development-authority-pension-fund-fifth-amendment-regulations-2021\/","title":{"rendered":"Pension Fund Regulatory and Development Authority (Pension Fund) (Fifth Amendment) Regulations, 2021"},"content":{"rendered":"<p style=\"text-align: justify;\"><span dir=\"ltr\">The Pension Fund Regulatory and Development Authority<\/span><span dir=\"ltr\"> makes the Pension Fund Regulatory and Development Authority (Pension Fund) (Fifth Amendment) Regulations, 2021 to amend the Pension Fund Regulatory and Development Authority <\/span><span dir=\"ltr\">(Pension Fund) Regulations, 2015.<\/span><\/p>\n<p style=\"text-align: justify;\"><span dir=\"ltr\">(I) <\/span><span dir=\"ltr\">In <\/span><span dir=\"ltr\">regulation 8 dealing with the Eligibility criteria, in sub<\/span><span dir=\"ltr\">&#8211;<\/span><span dir=\"ltr\">regulation (1)(<\/span><span dir=\"ltr\">d) shall be substituted as below<\/span><span dir=\"ltr\">&#8211;<\/span><\/p>\n<p style=\"padding-left: 40px; text-align: justify;\"><span style=\"color: #008000;\"><span dir=\"ltr\">(d) the sponsors, individually or jointly, shall have a positive tangible net worth of at least fifty <\/span><span dir=\"ltr\">crore rupees on the last day of each of the preceding five financial years and at least twenty<\/span><span dir=\"ltr\">&#8211;<\/span><span dir=\"ltr\">five crore <\/span><span dir=\"ltr\">rupees shoul<\/span><span dir=\"ltr\">d be the paid up equity capital on the date of making application as sponsor;<\/span><\/span><\/p>\n<p style=\"padding-left: 40px; text-align: justify;\"><span style=\"color: #800000;\">OLD: the sponsor shall have profits after tax in at least three of the preceding five financial years and further that there shall be no cash loss in the last preceding five years;<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Read <span dir=\"ltr\">Pension Fund Regulatory and Development Authority <\/span><span dir=\"ltr\">(Pension Fund) Regulations, 2015<\/span> <a href=\"http:\/\/www.scconline.com\/DocumentLink\/aDAH59yL\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pension Fund Regulatory and Development Authority makes the Pension Fund Regulatory and Development Authority (Pension Fund) (Fifth Amendment) Regulations, 2021 to <\/p>\n","protected":false},"author":8808,"featured_media":248737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[],"class_list":["post-248733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pension Fund Regulatory and Development Authority (Pension Fund) (Fifth Amendment) Regulations, 2021 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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