45. (1) The Authority may, by notification, establish with effect from such date as it
may specify in the notification, a Committee to be known as the Pension Advisory
Committee.
(2) The Pension Advisory Committee shall consist of not more than twenty-five
members, excluding ex officio members, to represent the interests of employees’
associations, subscribers, commerce and industry, intermediaries, and organisations
engaged in pension research.
(3) The Chairperson and the members of the Authority shall be the ex officio Chairperson
and ex officio members of the Pension Advisory Committee.
(4) The objects of the Pension Advisory Committee shall be to advise the Authority
on matters relating to the making of the regulations under section 52.
(5) Without prejudice to the provisions of sub-section (4), the Pension Advisory
Committee may advise the Authority on such matters as may be referred to it by the
Authority and also on such matters as the Committee may deem fit.