{"id":251771,"date":"2026-09-17T14:28:47","date_gmt":"2026-09-17T08:58:47","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=251771"},"modified":"2026-09-17T14:28:48","modified_gmt":"2026-09-17T08:58:48","slug":"pfrda-act-2013-and-amendments","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/","title":{"rendered":"PFRDA Act 2013 for PFRDA Grade A 2026 Complete Study Guide"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#Why_is_the_PFRDA_Act_2013_important_for_PFRDA_Grade_A_2026\" >Why is the PFRDA Act, 2013 important for PFRDA Grade A 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#Download_PFRDA_Act_2013_and_Amendment_PDF\" >Download PFRDA Act 2013 and Amendment PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#Which_important_definitions_should_PFRDA_Grade_A_candidates_study\" >Which important definitions should PFRDA Grade A candidates study?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#What_are_the_key_provisions_related_to_the_establishment_and_governance_of_PFRDA\" >What are the key provisions related to the establishment and governance of PFRDA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#What_do_Sections_12_to_19_cover_under_the_PFRDA_Act\" >What do Sections 12 to 19 cover under the PFRDA Act?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#What_is_the_important_2026_amendment_to_Section_167\" >What is the important 2026 amendment to Section 16(7)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#What_are_the_important_provisions_related_to_NPS_under_Sections_20_to_27\" >What are the important provisions related to NPS under Sections 20 to 27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#What_should_candidates_study_from_Sections_28_to_38\" >What should candidates study from Sections 28 to 38?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#What_are_the_important_appeal_timelines_under_the_PFRDA_Act\" >What are the important appeal timelines under the PFRDA Act?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#What_are_the_important_provisions_under_Sections_39_to_56\" >What are the important provisions under Sections 39 to 56?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#Which_PFRDA_Act_amendments_are_important_for_PFRDA_Grade_A_2026\" >Which PFRDA Act amendments are important for PFRDA Grade A 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The <strong>PFRDA Act, 2013<\/strong> is an important part of the PFRDA Grade A 2026 General Stream syllabus, especially for Paper 2. A clear understanding of its sections, definitions, powers of PFRDA, National Pension System (NPS), intermediaries, penalties, adjudication and recent amendments can help candidates prepare both factual and application-based questions. This exam-oriented resource brings the important provisions of the Act, 2026 amendments, quick revision points and practice questions together in one place.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-the-pfrda-act-2013-important-for-pfrda-grade-a-2026\"><span class=\"ez-toc-section\" id=\"Why_is_the_PFRDA_Act_2013_important_for_PFRDA_Grade_A_2026\"><\/span>Why is the PFRDA Act, 2013 important for PFRDA Grade A 2026?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The PFRDA Act, 2013 provides the statutory framework for regulating and developing the National Pension System (NPS) and protecting the interests of subscribers. For PFRDA Grade A candidates, the Act is important across both Phase 1 and Phase 2 Paper 2. Candidates should focus not only on section numbers but also on the powers, functions, penalties, timelines and regulatory framework given under the Act.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/pfrda-grade-a-mock-test\/?ref=contac-pfrda-act-13-dpdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Attempt PFRDA Grade A Mock Test <\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-pfrda-act-2013-and-amendment-pdf\"><span class=\"ez-toc-section\" id=\"Download_PFRDA_Act_2013_and_Amendment_PDF\"><\/span>Download PFRDA Act 2013 and Amendment PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Download the PFRDA Act, 2013 and Amendment PDF covering key sections, NPS provisions, PFRDA powers, penalties, appeals and important 2026 amendments.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Link<\/strong><\/td><\/tr><tr><td>PFRDA Act 2013 and Amendment<\/td><td><a href=\"https:\/\/www.oliveboard.in\/pfrda-act-2013-complete-notes-pdf\/?ref=contac-pfrda-act-13-dpdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/td><\/tr><tr><td>PFRDA Act 2013 Practice Quiz<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-pfrda-act-2013-quiz\/?ref=contac-pfrda-act-13-dpdf\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt Now<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-which-important-definitions-should-pfrda-grade-a-candidates-study\"><span class=\"ez-toc-section\" id=\"Which_important_definitions_should_PFRDA_Grade_A_candidates_study\"><\/span>Which important definitions should PFRDA Grade A candidates study?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sections 1 and 2 contain several basic terms that form the foundation of the Act. These definitions are important because questions can directly test the meaning or identification of statutory terms. Candidates should pay special attention to terms connected with NPS, pension funds, intermediaries and subscriber accounts.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PFRDA:<\/strong> Pension Fund Regulatory and Development Authority responsible for regulating and developing the pension sector. <\/li>\n\n\n\n<li><strong>Central Recordkeeping Agency (CRA):<\/strong> Maintains records and provides recordkeeping services for NPS subscribers. <\/li>\n\n\n\n<li><strong>Individual Pension Account:<\/strong> Account opened for an individual subscriber under the NPS. <\/li>\n\n\n\n<li><strong>Intermediary:<\/strong> An entity registered with PFRDA to provide services under the NPS. <\/li>\n\n\n\n<li><strong>National Pension System (NPS):<\/strong> A defined contribution pension system regulated by PFRDA. <strong>NPS Trust:<\/strong> Trust established to protect the interests of NPS subscribers. <\/li>\n\n\n\n<li><strong>Pension Fund:<\/strong> An intermediary responsible for managing and investing pension fund assets. <\/li>\n\n\n\n<li><strong>Point of Presence (PoP):<\/strong> Entity that provides NPS-related services to subscribers. <\/li>\n\n\n\n<li><strong>Regulated Assets:<\/strong> Assets or funds that fall under the regulatory framework of PFRDA. <strong>Scheme:<\/strong> A pension scheme approved or regulated under the PFRDA Act. <\/li>\n\n\n\n<li><strong>Subscriber:<\/strong> An individual who has subscribed to a pension scheme under the NPS. <\/li>\n\n\n\n<li><strong>Subscriber Education and Protection Fund:<\/strong> Fund created for subscriber education and protection under the Act. <\/li>\n\n\n\n<li><strong>Trustee Bank:<\/strong> An intermediary responsible for receiving and managing funds as specified under the NPS framework. <\/li>\n\n\n\n<li><strong>Pension Regulatory and Development Fund:<\/strong> Statutory fund established for purposes specified under the PFRDA Act.<\/li>\n<\/ul>\n\n\n\n<p><strong>Important:<\/strong> Do not confuse the Pension Regulatory and Development Fund under Section 40 with the Subscriber Education and Protection Fund under Section 41.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/pfrda-grade-a-exam\/?ref=contac-pfrda-act-13-dpdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Explore PFRDA Grade A Online Coaching Classes<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-key-provisions-related-to-the-establishment-and-governance-of-pfrda\"><span class=\"ez-toc-section\" id=\"What_are_the_key_provisions_related_to_the_establishment_and_governance_of_PFRDA\"><\/span>What are the key provisions related to the establishment and governance of PFRDA?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sections 3 to 11 deal with the establishment, composition and functioning of the Authority. PFRDA is established as a statutory body corporate, with specific provisions governing its members, meetings, powers and staff. These provisions are useful for both direct factual questions and questions based on the regulatory structure of PFRDA.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Provision<\/strong><\/td><td><strong>Key Detail<\/strong><\/td><\/tr><tr><td>Section 3<\/td><td>Establishment of PFRDA<\/td><\/tr><tr><td>Composition<\/td><td>1 Chairperson, 3 whole-time members and 3 part-time members<\/td><\/tr><tr><td>Tenure<\/td><td>Provisions relating to tenure and reappointment<\/td><\/tr><tr><td>Age<\/td><td>Maximum age provisions for members<\/td><\/tr><tr><td>Resignation<\/td><td>Statutory notice requirement<\/td><\/tr><tr><td>Removal<\/td><td>Grounds for removal of members<\/td><\/tr><tr><td>Section 9<\/td><td>Powers of the Chairperson<\/td><\/tr><tr><td>Section 10<\/td><td>Meetings of the Authority<\/td><\/tr><tr><td>Section 11<\/td><td>Appointment of officers and employees<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-do-sections-12-to-19-cover-under-the-pfrda-act\"><span class=\"ez-toc-section\" id=\"What_do_Sections_12_to_19_cover_under_the_PFRDA_Act\"><\/span>What do Sections 12 to 19 cover under the PFRDA Act?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sections 12 to 19 mainly deal with the application of the Act and the regulatory and enforcement powers of PFRDA. These provisions explain the scope of the Act, transfer of assets and liabilities, directions, investigations, search and seizure and other enforcement measures. <strong>Section 14<\/strong> is particularly important because it covers the broad duties and functions of the Authority.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Key framework for Section 14: Regulate &#8211; Protect &#8211; Develop &#8211; Supervise &#8211; Enforce<\/li>\n\n\n\n<li>The major areas include:\n<ul class=\"wp-block-list\">\n<li>Regulation of the pension sector.<\/li>\n\n\n\n<li>Protection of subscriber interests.<\/li>\n\n\n\n<li>Promotion and development of pension schemes.<\/li>\n\n\n\n<li>Subscriber education and awareness.<\/li>\n\n\n\n<li>Research and development.<\/li>\n\n\n\n<li>Inspection and investigation.<\/li>\n\n\n\n<li>Regulatory supervision.<\/li>\n\n\n\n<li>Enforcement of provisions.<\/li>\n\n\n\n<li>Exercise of powers similar to those of a civil court in specified matters.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-important-2026-amendment-to-section-16-7\"><span class=\"ez-toc-section\" id=\"What_is_the_important_2026_amendment_to_Section_167\"><\/span>What is the important 2026 amendment to Section 16(7)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>2026 amendment<\/strong> to Section 16(7) is an important area for PFRDA Grade A preparation. The earlier provision relating to imprisonment and fine was replaced by a civil monetary penalty framework. Candidates should remember both the penalty amount and the additional daily penalty for continuing default.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particular<\/strong><\/td><td><strong>Penalty<\/strong><\/td><\/tr><tr><td>Failure or refusal to comply<\/td><td>Up to \u20b925 crore<\/td><\/tr><tr><td>Continuing default after the first day<\/td><td>Up to \u20b910 lakh per day<\/td><\/tr><tr><td>Related provision<\/td><td>Section 30 was amended to include Section 16(7) for adjudication<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>This amendment should be studied along with the changes made to the adjudication framework because questions may test the connection between <strong>Section 16(7) and Section 30<\/strong>.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-grade-a-practice-quiz\/?ref=contac-pfrda-act-13-dpdf\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt PFRDA Grade A Practice Quiz<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-provisions-related-to-nps-under-sections-20-to-27\"><span class=\"ez-toc-section\" id=\"What_are_the_important_provisions_related_to_NPS_under_Sections_20_to_27\"><\/span>What are the important provisions related to NPS under Sections 20 to 27?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sections 20 to 27 cover the <strong>National Pension System, intermediaries and registration<\/strong>. These provisions are particularly relevant because they explain how NPS operates, the role of different intermediaries and important rules concerning pension funds and subscriber contributions.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Section<\/strong><\/td><td><strong>Important Area<\/strong><\/td><\/tr><tr><td>Section 20<\/td><td>National Pension System<\/td><\/tr><tr><td>Section 21<\/td><td>Central Recordkeeping Agency<\/td><\/tr><tr><td>Section 22<\/td><td>Point of Presence<\/td><\/tr><tr><td>Section 23<\/td><td>Pension Funds<\/td><\/tr><tr><td>Section 24<\/td><td>Foreign holding and investment provisions<\/td><\/tr><tr><td>Section 25<\/td><td>Restrictions on investment of subscriber funds<\/td><\/tr><tr><td>Section 26<\/td><td>Eligibility and other conditions for intermediaries<\/td><\/tr><tr><td>Section 27<\/td><td>Registration, suspension and cancellation<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-important-nps-facts-to-remember\">Important NPS facts to remember<\/h3>\n\n\n\n<p>Remember the key NPS provisions, important numbers, withdrawal rules, investment limits, and other high-yield facts for quick revision.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NPS is deemed to have commenced from 1 January 2004.<\/li>\n\n\n\n<li>Subscribers have individual pension accounts.<\/li>\n\n\n\n<li>Partial withdrawal can be up to 25% of the subscriber&#8217;s own contribution, subject to regulations.<\/li>\n\n\n\n<li>NPS provides for multiple pension funds and schemes.<\/li>\n\n\n\n<li>Investment in Government Securities can be up to 100%, subject to the applicable framework.<\/li>\n\n\n\n<li>NPS provides portability.<\/li>\n\n\n\n<li>Contributions and instructions flow through the relevant NPS intermediaries.<\/li>\n\n\n\n<li>The Act also provides for annuity and exit-related provisions.<\/li>\n\n\n\n<li>An additional NPS account is provided for under the framework.<\/li>\n<\/ul>\n\n\n\n<p><strong>Check: <a href=\"https:\/\/www.oliveboard.in\/blog\/major-changes-in-pfrda-grade-a-2026\/?ref=contac-pfrda-act-13-dpdf\" target=\"_blank\" rel=\"noreferrer noopener\">What are the major changes in the PFRDA Grade A 2026<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-should-candidates-study-from-sections-28-to-38\"><span class=\"ez-toc-section\" id=\"What_should_candidates_study_from_Sections_28_to_38\"><\/span>What should candidates study from Sections 28 to 38?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Sections 28 to 38 focus on <strong>penalties, adjudication, offences and appeals<\/strong>. These provisions are important for numerical and application-based questions because the Act specifies different penalties and appeal timelines. Candidates should revise the penalty matrix carefully instead of relying only on section numbers.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Area<\/strong><\/td><td><strong>What to Remember<\/strong><\/td><\/tr><tr><td>Registration-related defaults<\/td><td>Penalties for operating without registration and related violations<\/td><\/tr><tr><td>Information<\/td><td>Penalty for failure to furnish required information<\/td><\/tr><tr><td>Records<\/td><td>Penalty for failure to maintain records<\/td><\/tr><tr><td>Client agreements<\/td><td>Penalty for failure to enter required agreements<\/td><\/tr><tr><td>Grievances<\/td><td>Penalty for failure to redress grievances<\/td><\/tr><tr><td>Client money<\/td><td>Penalties for misuse of client money<\/td><\/tr><tr><td>Residual violations<\/td><td>Penalties for other specified contraventions<\/td><\/tr><tr><td>Adjudication<\/td><td>Procedure and factors for determining penalties<\/td><\/tr><tr><td>Appeals<\/td><td>SAT and Supreme Court appeal provisions<\/td><\/tr><tr><td>Subscriber Education and Protection Fund<\/td><td>Penalties are credited to the statutory fund<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-appeal-timelines-under-the-pfrda-act\"><span class=\"ez-toc-section\" id=\"What_are_the_important_appeal_timelines_under_the_PFRDA_Act\"><\/span>What are the important appeal timelines under the PFRDA Act?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Appeal-related timelines are high-yield facts for competitive examinations. Candidates should remember the number of days as well as the authority to which the appeal is made.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Appeal<\/strong><\/td><td><strong>Time Limit<\/strong><\/td><\/tr><tr><td>Appeal to Securities Appellate Tribunal (SAT)<\/td><td>45 days<\/td><\/tr><tr><td>Endeavour to dispose of appeal<\/td><td>6 months<\/td><\/tr><tr><td>Appeal to Supreme Court<\/td><td>60 days<\/td><\/tr><tr><td>Additional time for Supreme Court appeal<\/td><td>Up to 60 days for sufficient cause<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-provisions-under-sections-39-to-56\"><span class=\"ez-toc-section\" id=\"What_are_the_important_provisions_under_Sections_39_to_56\"><\/span>What are the important provisions under Sections 39 to 56?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The final part of the Act covers finance, funds, audit, government oversight, reporting, delegation, offences and rule-making powers. These sections are often useful for statement-based questions because they contain several specific statutory provisions and timelines.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Section 39:<\/strong> Government grants.<\/li>\n\n\n\n<li><strong>Section 40:<\/strong> Pension Regulatory and Development Fund.<\/li>\n\n\n\n<li><strong>Section 41:<\/strong> Subscriber Education and Protection Fund.<\/li>\n\n\n\n<li>Accounts and audit by the <strong>Comptroller and Auditor General of India (CAG)<\/strong>.<\/li>\n\n\n\n<li>Central Government policy directions.<\/li>\n\n\n\n<li>Supersession of PFRDA.<\/li>\n\n\n\n<li>Pension Advisory Committee.<\/li>\n\n\n\n<li>Annual reporting requirements.<\/li>\n\n\n\n<li>Public servant status.<\/li>\n\n\n\n<li>Protection for actions done in good faith.<\/li>\n\n\n\n<li>Delegation of powers.<\/li>\n\n\n\n<li>Offences by companies.<\/li>\n\n\n\n<li><strong>Section 50A:<\/strong> IFSC-related carve-out.<\/li>\n\n\n\n<li>Rule-making and regulation-making powers.<\/li>\n\n\n\n<li>Laying of rules and regulations before Parliament.<\/li>\n\n\n\n<li>Removal of difficulties.<\/li>\n\n\n\n<li>Application of other laws.<\/li>\n\n\n\n<li>Savings provisions.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/esi-and-finance-mcqs-for-pfrda-grade-a\/?ref=contac-pfrda-act-13-dpdf\" target=\"_blank\" rel=\"noreferrer noopener\">Check 200+ ESI &amp; Finance MCQs for PFRDA Grade A<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-which-pfrda-act-amendments-are-important-for-pfrda-grade-a-2026\"><span class=\"ez-toc-section\" id=\"Which_PFRDA_Act_amendments_are_important_for_PFRDA_Grade_A_2026\"><\/span>Which PFRDA Act amendments are important for PFRDA Grade A 2026?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Candidates preparing for PFRDA Grade A 2026 should give special attention to the recent amendments because updated statutory provisions can be directly tested in the examination. The booklet focuses particularly on the Jan Vishwas (Amendment of Provisions) Act, 2026 and the amendment connected with the International Financial Services Centres Authority framework.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Amendment Area<\/strong><\/td><td><strong>Key Provision<\/strong><\/td><\/tr><tr><td>Jan Vishwas amendment<\/td><td>Section 16(7)<\/td><\/tr><tr><td>Adjudication-related change<\/td><td>Section 30<\/td><\/tr><tr><td>IFSC-related amendment<\/td><td>Section 50A<\/td><\/tr><tr><td>Related legislation<\/td><td>International Financial Services Centres Authority Act, 2019<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1789562192948\"><strong class=\"schema-faq-question\">1. <strong>How many sections are covered in the PFRDA Act, 2013?<\/strong><\/strong> <p class=\"schema-faq-answer\">The Act is covered from Section 1 to Section 56 in the study material.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1789562194192\"><strong class=\"schema-faq-question\">2. Which section deals with the main functions of PFRDA?<\/strong> <p class=\"schema-faq-answer\">Section 14 deals with the duties and functions of the Authority.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1789562194845\"><strong class=\"schema-faq-question\">3. What is the partial withdrawal limit under NPS?<\/strong> <p class=\"schema-faq-answer\">Partial withdrawal can be up to 25% of the subscriber&#8217;s own contribution, subject to regulations.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1789562195416\"><strong class=\"schema-faq-question\">4. What is the penalty under the amended Section 16(7)?<\/strong> <p class=\"schema-faq-answer\">The civil monetary penalty can be up to \u20b925 crore, with an additional penalty of up to \u20b910 lakh per day for continuing default.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1789562195936\"><strong class=\"schema-faq-question\">5. Which sections deal with the two statutory funds?<\/strong> <p class=\"schema-faq-answer\">Section 40 deals with the Pension Regulatory and Development Fund, while Section 41 deals with the Subscriber Education and Protection Fund.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/\">PFRDA Act 2013 for PFRDA Grade A 2026 Complete Study Guide<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-assistant-manager-previous-year-paper\/\">PFRDA Grade A Previous Year Papers PDF, Download Free PYPs<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-assistant-manager-result\/\">PFRDA Grade A Result 2026, Download Grade A Scorecard PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-assistant-manager-admit-card\/\">PFRDA Grade A Admit Card 2026, Download Hall Ticket PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-assistant-manager-selection-process\/\">PFRDA Grade A Assistant Manager Selection Process 2026, All Stages<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-assistant-manager-syllabus\/\">PFRDA Grade A Syllabus &amp; Exam Pattern 2026, Check Revised Details<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>The PFRDA Act, 2013 is an important part of the PFRDA Grade A 2026 General Stream syllabus, especially for Paper<\/p>\n","protected":false},"author":58,"featured_media":251775,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11047,10247],"tags":[],"class_list":["post-251771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pfrda-grade-a","category-rbi-sebi-nabard","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PFRDA Act 2013 for PFRDA Grade A 2026 Complete Study Guide<\/title>\n<meta name=\"description\" content=\"Understand the PFRDA Act 2013&#039;s essential sections and amendments to boost your PFRDA Grade A exam preparation strategy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PFRDA Act 2013 for PFRDA Grade A 2026 Complete Study Guide\" \/>\n<meta property=\"og:description\" content=\"The PFRDA Act, 2013 is an important part of the PFRDA Grade A 2026 General Stream syllabus, especially for Paper 2. A clear understanding of its sections,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-17T08:58:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-17T08:58:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/09\/PFRDA-Grade-A-1-6.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"AditiOB\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" 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I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies. My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.\",\"sameAs\":[\"www.linkedin.com\/in\/aditi-chakraborty-131b3b379\"]},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#faq-question-1789562192948\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/pfrda-act-2013-and-amendments\/#faq-question-1789562192948\",\"name\":\"1. 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