Other conditions to be satisfied by a pension Fund (Rule 2DB) are- 

• It is regulated by the laws of foreign country
• Is responsible for investing the assets for meeting the statutory obligations/defined contributions of one or more funds/plans established for providing retirement, social security, employment, disability, death benefits or any similar compensation to participants or beneficiaries of such funds or plans*

*this condition will be satisfied w.r.t assets being administered if the following conditions are satisfied:

• • • – value of such assets is not more than ten per cent. of the total value of the assets administered or invested by such fund;
    • – such assets are wholly owned directly or indirectly by the Government of a foreign country
    • – such assets vests in the Government of such foreign country upon dissolution.
• Earnings and assets of the fund are used only for meeting statutory obligations and defined contributions for participants/beneficiaries and not for the benefit of any private person.

Provided that the provisions of clause above shall not apply to any payment made to creditors or depositors for loan taken or borrowing for the purposes other than for making investment in India and to earnings from assets referred to in (ii)if they are credited to the account of foreign government/account designated by the government and not for the benefit of any private person

• it shall intimate the details in respect of each investment made by it in India during the quarter within one month from the end of the quarter in Form No. 10BBB;
• it shall file return of income on or before the due date mentioned in Section 139(1) and furnish a Certificate in Form no. 10BBC w.r.t. compliance of provisions of Section 10 clause 23FE during the F.Y. from an Accountant specified in Explanation to Section 288(2).