Amendment status not verified — confirm the current text below against the official source.
(1) The University shall institute for the benefit of its officers, teachers and other persons employed by the University, such pension, gratuity, insurance and provident fund as it may deem fit, in such manner and subject to such conditions as may be prescribed. Pension Gratuity etc., Central Act XI of 1925 (2) Where the University has so instituted a provident fund under sub-section(1), the Government may declare that the provisions of the Provident Funds Act, 1925, shall apply to such funds as if the University were a local authority and the fund a Government Provident Fund. (3) The University, may, in consultation with the Finance Committee, invest the Provident Fund in such manner as it may determine.