Amendment status not verified — confirm the current text below against the official source.
Pension or provident funds.— (1) The University shall constitute for the benefit of its employees such pension or provident fund or provide such insurance schemes as it may deem fit in such manner and subject to such conditions as may be prescribed by the Statutes. (2) Where such pension or provident fund or insurance scheme has been - 14 - so constituted, the Government may declare that the provisions of the Provident Funds Act, 1925, shall apply to such fund, as if it were a Government provident fund. Central Act 1 of 1972.