Pension and provident fund

Pension and provident fund

1. (1) The Institute shall constitute for the benefit of its officers, teachers and other employees in such manner and subject to such conditions as may be prescribed by the Statutes, such pension, provident and insurance funds as it may deem fit.
2. (2) Where any such provident fund has been 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.