Notification of pension fund and other conditions to be satisfied by the pension fund

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....ions: - (a) it shall be regulated under the law of a foreign country including the laws made by any of its political constituents being a province, State or local body, by whatever name called, under which it is created or established, as the case may be; (b) it shall be responsible for administering or investing the assets for meeting the statutory obligations and defined contri....

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....on fund are used only for meeting statutory obligations and defined contributions for participants or beneficiaries of funds or plans referred to in clause (b) and no portion of the earnings or assets of the pension fund inures any benefit to any other private person; (e) the provisions of clause (d) shall not apply to any payment made to creditors or depositors for loan taken or borrowin....