Regulatory Alerts2018-03-31
Information Circular 2 of 2014 Annexure: List of Funds Affected by Withdrawal of Valuation Exemptions
The Financial Services Board has issued this annexure to announce the withdrawal of valuation exemptions for specific pension funds under Section 2(5)(b) of the Pension Funds Act, 1956. It provides a schedule detailing the exact termination dates for each exemption, which are determined by original registrar stipulations or automatically expire three to twelve years after grant, adjusted for financial year-end changes. Fund administrators are required to cross-check their records against the published schedule and formally report any discrepancies to the Deputy Registrar.
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