Amendment status not verified — confirm the current text below against the official source.
Constitution of Pension, Insurance or Provident Fund - (1)The University shall constitute, for the benefit of its Officers, Teachers, non- teaching staff and other employees in such manner and subject to such conditions as may be prescribed, suchPension,InsuranceandProvidentFundasitmaybedeemed fit. (2) Where any such pension, insurance or provident fund has been so constituted by the University, the Government may declare that the provisions of the Provident Funds Act, 1925 (Central Act 19 of 1925) shallapplytosuchfundsasifitwereaGovernmentProvident Fund: Provided that the University shall have power in consultation with the Finance Committee, to invest the Provident Fund amount in such manner as may be determined.