Pension Fund Regulatory and Development Authority (Form of Annual Statement of Accounts and Records) Rules, 2015

The Pension Fund Regulatory and Development Authority (Form of Annual Statement of Accounts and Records) Rules, 2015

Published vide Notification No. G.S.R. 519(E), dated 26th June, 2015

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Ministry of Finance

(Department of Financial Services)

G.S.R. 519(E). - In exercise of the powers conferred by clause (h) of sub-section (2) of Section 51, read with sub-section (1) of Section 42 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013), the Central Government, in consultation with the Comptroller and Auditor-General of India, hereby makes the following rules, namely:-

1. Short title and commencement.- (1) These rules may be called the Pension Fund Regulatory and Development Authority (Form of Annual Statement of Accounts and Records) Rules, 2015.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. Definitions.- In these rules, unless the context otherwise requires,

(a) "Act" means the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013);

(b) "Form" means a form appended to these rules;

(c) "Schedule" means a Schedule appended to the Form;

(d) words and expressions used in these rules and not defined, but defined in the Act shall have the meanings respectively assigned to them in the Act.

3. Annual statement of accounts and other relevant records.- At the expiration of a period of twelve months ending with the 31st March of every year, the Authority shall prepare with reference to that period, a balance-sheet, an income and expenditure account and receipt and payment account in the Forms as specified below, namely:-

(a) the Balance-Sheet in Form "A";

(b) the Income and Expenditure Account in Form "B";

(c) the Receipt and Payment Account in Form "C".

4. Maintenance of accounts, etc.- The Authority shall preserve the Balance-Sheet, the Income and Expenditure Account and the Receipt and Payment Account referred to in rule 3, for a minimum period of five years following the financial year to which they relate.
5. Authorised Signatory.- The Balance-Sheet, Income and Expenditure Account and Receipt and Payment Account and the Schedules appended thereto shall be signed by the Chief Account Officer of the Authority, Chairperson and two members of the Authority.

Form A

[See rule 3 (a)]

Pension fund Regulatory and Development Authority

Balance Sheet as at 31.03.201_________

(Unit-Indian Rupee)

Liabilities	Schedule	Current year	Previous year	Assets	Schedule	Current year	Previous year
1. Corpus /Capital fund	1			1. Fixed assets	8
				Gross Block Less : Depreciation Net Block
2. Reserves and surplus	2			2. Investments from Earmarked/ Endowment Fund	9
3. Earmarked/ Endowment funds	3			3. Investments-Others	10
4. Secured loans and borrowings	4			4. Current assets, Loans, Advances etc.	11
5. Unsecured loans and borrowings	5			5. Miscellaneous expenditure (to the extent not written off or adjusted)
6. Deferred credit liabilities	6
7. Current liabilities and provisions	7
Total				Total
Significant Accounting Policy	24
Contingent Liabilities and Notes on Accounts	25

Note :- All Schedules to Balance Sheet shall form part of Account.

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Form B

[See rule 3(b)]

Pension Fund Regulatory and Development Authority

The Income and Expenditure Account for the Year Ended at 31st March, 201________

(Unit Indian Rupee)

Expenditure	Schedule	Current year	Previous year	Income	Schedule	Current year	Previous year
1. Establishment Expenses	20			1. Income from Sales/Services	12
2. Other Administrative expenses etc.	21			2. Grants/Subsidies	13
3. Expenditure on Grants, Subsidies etc.	22			3. Fee/Subscription	14
4. Interest 5. Depreciation (Net Total at the year end - corresponding to Schedule 8)	23			4. Income from Investments (Income on investment from earmarked/ endowment Funds transferred to Funds)	15
				5. Income from Royalty, Publications etc.	16
				6. Interest Earned	17
				7. Other Income	18
				8. Increase/(decrease) in stock of Finished goods and Work-in-progress	19
Total				Total
Balance being excess of Income over Expenditure
Transfer to Special Reserve (specify each)
Transfer to/from General Reserve
Balance Being Surplus/ (Deficit) Carried to Corpus/capital Fund
Significant Accounting Policy	24
Contingent Liabilities and Notes on Accounts	25

Notes :- All Schedules to Income and Expenditure Account shall form part of account.

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Form C

[See rule 3(c)]

Pension Fund Regulatory and Development Authority

Receipt and Payment Account for the Year Ended 31st March,201________

(Unit - Indian Rupee)

Receipts	Current year	Previous year	Payment	Current year	Previous year
1. Opening Balances (a) Cash in hand (b) Bank Balances (i) In Current accounts (ii) In Time Deposit accounts (iii) In Saving Bank deposit accounts 2. Grants Received (i) From Government of India (a) Grant-in-aid Salaries (b) Grant-aid-General (c) Grant-in-aid-Swavalamban Contribution (d) Grant-in-aid-Swavalamban Promotional and Development activities (e) Others (ii) From State Government (a) Grant-in-aid Salaries (b) Grant-aid-General (c) Grant-in-aid-Swavalamban Contribution (d) Grant-in-aid-Swavalamban Promotional and Development activities (e) Others (iii) From Other Sources (details) (Grants for Capital and revenue expenditure to be shown separately) 3. Income on Investments (a) Earmarked/Endowment Funds (b) Own Funds (other investment) 4. Interest Received (a) On Bank deposits (b) Loan/ Advance to employees (c) Others 5. Other Income (Specify) (a) Fees for Miscellaneous services (b) Miscellaneous Income 6. Amount Borrowed 7. Any Other receipts (a) Security/Earnest Money Deposit (b) Refund of Advance (c) Others			1. Expenses (a) Establishment Expenses (Schedule) (b) Administrative 2. Grants Utilised (a) Swavalamban Contribution (b) Swavalamban Promotion (c) Grant to National Pension system Trust (d) Others 3. Investments and deposits made (a) Out of Earmarked/Endowment funds (b) Out of Own Funds (Investments-Others) 4. Expenditure on Fixed Assets and Capital Work-in-progress (a) Purchase of Fixed Assets (b) Expenditure on Capital Work-in-progress 5. Refund of surplus money/Loans (a) Recoverable from National pension system trust (b) To the State Government (c) To other providers of funds 6.Finance Charges (Interest) (a) Bank charges (b) Others (a) Prepaid (b) Loans, Advances etc. (c) Security Deposits 8. Closing Balances (a) Cash in hand (b) Bank Balances (i) In Current accounts (ii) In Time Deposit accounts (iii) In Saving Bank Deposit
Total			Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 1

Attached to and Forming Part of Balance Sheet as at 31st March, 201________

Corpus/capital Fund

(Unit - Indian Rupee)

	Particulars	Current year	Previous year
Balance as at the beginning of the year
Add :	Opening Balance of unutilized corpus fund
Less :	Closing Balance of unutilised corpus fund
Add/Deduct :	Balance of net income/expenditure transferred from the Income and Expenditure Account
Add :	Government Grant to be received from Government/transferred from the Income and Expenditure Account Balance as at the year end

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 2

Attached to and Forming Part of Balance Sheet as at 31st March, 201_______

Reserves and Surplus

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. Capital Reserve (a) At the beginning of the year (b) Addition during the year (c) Less : Deductions during the year 2. Revaluation Reserve (a) At the beginning of the year (b) Addition during the year (c) Less : Deductions during the year 3. Special Reserve (a) At the beginning of the year (b) Addition during the year (c) Less : Deductions during the year 4. General Reserve (a) At the beginning of the year (b) Addition during the year (c) Less : Deductions during the year
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 3

Attached to and Forming Part of Balance-Sheet as at 31.03.201_________

Earmarked/Endowment Funds

(Unit - Indian Rupee)

Particulars	Fund wise break up		Current year	Previous year
	Fund XX	Fund YY
1. Opening balance of the funds 2. Additions to the funds (a) Donations/grants (b) Income on Investments made on account of funds (c) Other Additions (specify nature)
Total (1+2)
3. Utilisation/Expenditure towards objectives of funds (a) Capital Expenditure (i) Fixed assets (ii) Others
Total
(b) Revenue Expenditure (i) Salaries, Wages and allowances, etc. (ii) Rent (iii) Other Administrative expenses
Total
Total (3)
Net balance at the year end (1+2-3)

Notes:- (1) Disclosures shall be made under relevant heads based on conditions attaching to the grants.

(2) Plan Funds received from the Central/State Governments are to be shown as separate Funds and not to be mixed up with any other Funds.

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 4

Attached to and Forming Part of Balance-Sheet as at 31.03.201_________

Secured Loans and Borrowings

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. Central Government 2. State Government 3. Financial Institutions (a) Term Loans (b) Interest accrued and due 4. Banks (a) Term Loans -Interest accrued and due (b) Other Loans (specify) -Interest accrued and due 5. Other Institutions 6. Debentures and Bonds 7. Others
Total

Note : Amount due within one year

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 5

Attached to and Forming Part of Balance-Sheet as at 31.03.201_________

Unsecured Loans and Borrowings

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. Central Government 2. State Government 3. Financial Institutions 4. Banks (a) Term Loans (b) Other Loans (specify) 5. Other Institutions 6. Debentures and Bonds 7. Fixed deposits 8. Others (specify)
Total

Note : Amount due within one year

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 6

Attached to and Forming Part of Balance-Sheet as at 31.03.201_______

Deferred Credit Liabilities

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. Acceptances secured by hypothecation of Capital Equipment and Other Assets 2. Others
Total

Note : Amount due within one year

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 7

Attached to and Forming Part of Balance-Sheet as at 31.03.201_________

Current Liabilities and Provisions

(Unit - Indian Rupee)

Particulars	Current year	Previous year
Current Liabilities 1. Acceptances 2. Sundry Creditors 3. Advances Received 4. Interest Accrued but not Due on : (a) Secured Loans / Borrowings (b) Unsecured Loans / Borrowings 5. Statutory Liabilities : (a) Overdue (b) Others 6. Other Current Liabilities (a) Unutilised grant as at 31st March payable to GOI (c) Others
Total
Provisions 1. For Taxation 2. Gratuity 3. Trade Warranties/Claims 4. Accumulated Leave encashment 5. Pension Contribution Payable 7. Leave salary payable 8. Others (specify)
Total
Grand Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 8

Attached to and Forming Part of Balance-Sheet as at 31.03.201_________

Fixed Assets

(Unit - Indian Rupee)

Description	Gross Block				Depreciation				Net Block
	Cost/ Valuation as at beginning of the year	Additions during the year	Deductions during the year	Cost/ Valuation as at the year end	As at beginning of the year	For the year	On Deductions during the year	Total upto year end	As at the Current year	As at the previous year
Fixed Assets 1. Land : (a) Freehold (b) Leasehold 2. Buildings : (a) On Freehold Land (b) On Leasehold Land (c) Ownership Flats/ Premises (d) Superstructures on Land not belonging to the entity 3. Plant Machinery and Equipment 4. Vehicle 5. Furniture and Fixtures 6. Office equipments 7. Computer/ Peripherals 8. Electrical Installations 9. Library Books 10. Other Fixed Assets
Total of Current Year
Previous Year
Capital Work-in-progress
Total

Note to be given as to cost of assets on hire purchase basis included above.

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 9

Attached to and Forming Part of Balance-Sheet as at 31.03.201_________

Investments From Earmarked / Endowment Funds

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. Government securities 2. Other approved securities 3. Shares 4. Debentures and Bonds 5. Subsidiaries and Joint ventures 6. Others (to be specified)
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 10

Attached to and Forming Part of Balance-Sheet as at 31.03.201_________

Investments-Others

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. Government securities 2. Other approved securities 3. Shares 4. Debentures and Bonds 5. Subsidiaries and Joint ventures 6. Others (to be specified)
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 11

Attached to and Forming Part of Balance-Sheet as at 31.03.201_________

Current Assets, Loans and Advances

(Unit - Indian Rupee)

Particulars	Current year	Previous year
(A). Current Assets 1. Inventories : (a) Stores and Spares (b) Loose Tools (c) Stock-in-Trade Finished Goods Work-in-Progress Raw Materials 2. Sundry Debtors : (a) Debts Outstanding for a period exceeding six months (b) Others 3. Cash in hand 4. Bank Balances : (a) with Scheduled Banks : (iv) On Current Accounts (v) On Time Deposit Accounts (vi) On Savings Bank Deposit Accounts (b) with Non-Scheduled Banks : (iv) On Current Accounts (v) On Time Deposit Accounts (vi) On Savings Bank Deposit Accounts 5. Post Office-Savings Accounts 6. Others
Total (A)
(B). Loans, Advances and Other Assets: 1. Loans: (a) Staff (b) Other Entities engaged in activities/ objectives similar to that of the Entity (c) Others (specify) 2. Advances and Other Amounts Recoverable in cash or in kind or for value to be received: (a) On Capital Account (b) Prepayments (c) Security Deposits (d) Others 3. Income Accrued : (a) On Investments from Earmarked/Endowment Funds (b) On Investments - Others (c) On Loans and Advances (d) Others (includes income due unrealized ______) 4. Claims Receivable
Total (B)
Grand Total (A) + (B)

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 12

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Income From Sales/services

(Unit - Indian Rupee)

Particulars	Current year	Previous year
(1) Income from Sales (a) Sale of Finished goods (b) Sale of Raw Material (c) Sale of Scraps (2) Income from Services (a) Labour and Processing Charges (b) Professional/Consultancy Services (c) Agency Commission and Brokerage (d) Maintenance Services (Equipment/Property) (e) Others (Specify)
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 13

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Grant/Subsidies

(Unit - Indian Rupee)

Particulars	Current year	Previous year
Irrevocable Grants and Subsidies Received 1. Central Government 2. State Government 3. Government agencies 4. Institution / Welfare bodies 5. International Organisations 6. Others (specify)
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 14

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Fees / Subscriptions

(Unit - Indian Rupee)

Particulars	Current year	Previous year
6. Entrance Fees 7. Annual Fees /Subscriptions 8. Seminar /Program Fee 9. Consultancy Fees 10. Licence fees 7. Others (specify)
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 15

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Income from Investments

(Income on Investments from Earmarked/endowment Funds Transferred to Funds)

(Unit - Indian Rupee)

Particulars	Investment from Earmarked Fund		Investment - Others
	Current year	Previous year	Current year	Previous year
1. Interest (a) On Government securities (b) Other Bonds/Debentures (c) Others 2. Dividend (a) On Shares (b) On Mutual Funds (c) Others 3. Rents 4. Others (specify)
Total
Transferred to Earmarked/Endowment Funds

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 16

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Income From Royalty, Publication etc.

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1 Income from Royalty 2 Income from Publications 3. Others (specify)
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 17

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Interest Earned

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. On Term Deposits Accounts (a) with Scheduled Bank (b) with Non Scheduled Bank (c) with Institutions (d) Others 2. On Savings Bank Deposit Accounts: (a) with Scheduled Bank (b) with Non Scheduled Bank (c) Post Office Savings Accounts (d) Others 3. On Loans: (a) Employees / Staff (b) Others 4. Interest on Debtors and Other Receivables
Total
Tax deducted at source to be indicated

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 18

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Other Income

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. Profit on Sale/Disposal of Assets (a) Owned Assets (b) Assets acquired out of grants or received free of cost 2. Export Incentives Realized 3. Fees for Miscellaneous Services 4. Miscellaneous Income
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 19

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Increase/(Decrease) in Stock of Finished Goods and Work in Progress

(Unit - Indian Rupee)

Particulars	Current year	Previous year
(a) Closing Stock - Finished Goods - Work-in-progress (b) Less : Opening Stock - Finished Goods - Work-in-progress
Net Increase/(Decrease) [(a)-(b)]

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 20

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Establishment Expenses

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. Salaries and Wages 2. Allowances and Bonus 3. Contribution to Provident Fund 4. Contribution to Other Fund (specify) 5. Staff Welfare expenses 6. Expenses on Employee’s Retirement and Terminal Benefits 7. Leave Salary 8. Tuition fees reimbursement 9. Medical Reimbursement 10. Gratuity Contribution 11. Others (Specify)
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 21

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Other Administrative Expenses

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. Purchases 2. Labour and processing expenses 3. Cartage and Carriage inwards 4. Electricity and Power 5. Water charges 6. Insurance 7. Repair and Maintenance 8. Excise Duty 9. Rent, Rates and Taxes 10. Vehicles Running and Maintenance 11. Postage, Telephone and Communication Charges 12. Printing and Stationary 13. Travelling and Conveyance expenses 14. Expenses on Seminar/Workshops/Meetings and conferences 15. Subscription expenses 16. Expenses on Fees 17. Auditors Remuneration 18. Hospitality expenses 19. Professional Charges 20. Books and Periodicals 21. Recruitment expenses 22. Provision for Bad and Doubtful Debts/Advances 23. Incentive to Aggregator 24. Swavalamban Government Contribution 25. Swavalamban promotion 26. Incentive to Point of presence 27. Irrecoverable balances Written off 28. Packing charges 29. Freight and Forwarding expenses 30. Distribution expenses 31. Advertisement and Publicity expenses 32. Others (Specify)
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 22

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Expenditure on Grant Subsidies Etc.

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. Grants given to Institutions / Organisations / National Pension System Trust 2. Subsidies given to Institutions / Organisations 3. Others (Specify)
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 23

Attached to and Forming Part of Income and Expenditure Account for the Year Ending at 31.03.201_________

Interest

(Unit - Indian Rupee)

Particulars	Current year	Previous year
1. On Fixed Loans 2. On Other Loans 3. Bank charges 4. Others (Specify)
Total

 

Place:
Date :		Chief Accounts Officer
Member	Member	Chairperson

Pension Fund Regulatory and Development Authority

Schedule 24

Attached to and Forming Part of the Accounts for the Year Ending at 31.03.201_________

Significant Accounting Policies

1.

2.

3.

4.

5.

Pension Fund Regulatory and Development Authority

Schedule 25

Attached to and Forming Part of the Accounts for the Year Ending at 31.03.201_________

Contingent Liabilities and Notes to Accounts

1.

2.

3.

4.

5.