Amendment status not verified — confirm the current text below against the official source.
(1) The University shall constitute, for the benefit of its employees, in such manner and subject to such conditions as may be prescribed by the statutes, such pension, insurance, gratuity or provident fund as it may deem fit. (2) Where such fund has been so constituted, the Government may declare that the provisions of the Provident Fund Act, 1925 shall apply to such fund as if it were a Government Provident Fund. Borrowing of money. Pension or Provident Fund. Certain restrictions in respect of financial matters. Central Act XIX of