Amendment status not verified — confirm the current text below against the official source.
(I) The University shall constitute such pension, gratuity, insurance, provident fund, contributory pension fund as it may deem fit in such manner and subject to such conditions as may be prescribed, for the benefit of its officers, teachers, ministerial staff and other employees. (2) For such pension, gratuity, insurance and provident fund so constituted by the University, the Government should declare that the provisions of the Provident Funds Act shall apply to such funds as if it were tJ1e State Government provident Fund: Provided that the University shall have power in consultation with the Finance Committee and the Board to invest provident fund amount in such manner as it may determine.