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    <title>Fit and proper requirements</title>
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    <description>Fit and proper requirements oblige every Pension Fund to ensure that its directors, Key Managerial Personnel and controlling shareholders remain fit and proper at all times under the First Schedule criteria. Persons declared not fit and proper by a regulatory authority cannot seek registration or serve in the relevant capacity until they satisfy that authority&#039;s applicable fit and proper criteria.</description>
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      <description>Fit and proper requirements oblige every Pension Fund to ensure that its directors, Key Managerial Personnel and controlling shareholders remain fit and proper at all times under the First Schedule criteria. Persons declared not fit and proper by a regulatory authority cannot seek registration or serve in the relevant capacity until they satisfy that authority&#039;s applicable fit and proper criteria.</description>
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