Pension Fund Regulatory And Development Authority, New Delhi, Delhi
September, 30th 2021
A. The Pension Fund Regulatory and Development Authority (PFRDA) was established by the Government of India on 10th October, 2003 to promote old age income security by establishing, developing and regulating funds, to protect the interests of subscribers to schemes of pension funds and for matters connected therewith or incidental thereto, through National Pension System (NPS). The Central Government has introduced the National Pension System (NPS) with effect from 1st January 2004. The NPS covers, at present, new entrants to the Central Government services (excluding Armed Forces), some State Government services and autonomous bodies at their discretion and all citizens of India on a voluntary basis with effect from 1 st May 2009. PFRDA has since been constituted under the provisions of the PFRDA Act 2013 w.e.f. 1st February, 2014. The website of PFRDA is www.pfrda.org.in.
B. The PFRDA with its Head Office located at B-14/A, Chatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016, seeks to appoint a Chartered Accountant (CA) firm (hereinafter also referred to as “Service Provider”) as its Internal Auditor for the financial year 2021-22 as per the scope of the work defined in the later part of the present tender document. The initial period of the contract shall be one (1) year, which may be further extended beyond the initial period, subject to the requirement and decision of the PFRDA, or may even be terminated before the specified period of one year, on the ground, including but not limited to, PFRDA not being satisfied with the performance of such firm.