Section23

The Pension Fund Regulatory and Development Authority Act, 2013

Pension funds

In force From 01 Feb 2014 Act 23 of 2013 As on 17 Oct 2026

Act 23 of 2013 Ministry Finance Enacted 18 Sep 2013 In force 01 Feb 2014 Cited by 1 provision

Section 23 of the Pension Fund Regulatory and Development Authority Act, 2013 deals with pension funds. 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. The Act came into force on 01 Feb 2014.

(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.
(2) The number of pension funds shall be determined by regulations and the Authority may, in public interest, vary the number of pension funds:
Provided that at least one of the pension funds shall be a Government company.
Explanation.--For the purposes of this sub-section, the expression "Government company" shall have the meaning assigned to it in section 617 of the Companies Act, 1956 (1 of 1956).
(3) The pension fund shall function in accordance with the terms of its certificate of registration and the regulations made under this Act.
(4) The pension fund shall manage the schemes in accordance with the regulations.
Section 23, The Pension Fund Regulatory and Development Authority Act, 2013 (Act 23 of 2013).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

s. 27 Registration of central recordkeeping agency, pension fund, point of presence, etc

Referred to by 1

s. 52 Power to make regulations

Questions about Section 23

What does Section 23 of the Pension Fund Regulatory and Development Authority Act deal with?

Section 23 of the Pension Fund Regulatory and Development Authority Act is headed "Pension funds". 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.

How do I find court cases under Section 23 of the Pension Fund Regulatory and Development Authority Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Pension Fund Regulatory and Development Authority Act 23, section 23 Pension Fund Regulatory and Development Authority Act, section 23 of the Pension Fund Regulatory and Development Authority Act. People searching for it also type pension fund regulatory and development authority act 2013 23 of 2013. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 23 of the Pension Fund Regulatory and Development Authority Act, and has it changed?

Its own text turns on section 27 (Registration of central recordkeeping agency, pension fund, point of presence, etc), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When did Section 23 of the Pension Fund Regulatory and Development Authority Act come into force?

Section 23 of the Pension Fund Regulatory and Development Authority Act, cited as Pension Fund Regulatory and Development Authority Act 23, came into force on 01 Feb 2014, having been enacted on 18 Sep 2013. It is in force as at the date shown on this page.

Other sections of this Act

17. Search and seizure966 words
14. Duties, powers and functions of Authority751 words
16. Power of investigation706 words
2. Definitions643 words
52. Power to make regulations641 words
28. Penalty for failure by an intermediary or any other person to comply with provisions of this Act, rules, regulations and directions470 words

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 17 Oct 2026. This page is not a substitute for legal advice.