section 33
Insurance and Provident Fund
The Mahatma Gandhi Chitrakoot Gramodaya Vishwavidhyalaya Adhiniyam 1991General199146 sections8 chapters
Chapter VI UNIVERSITY FUND, ETC.
Statutory text
- (1) The University shall constitute for the benefit of its employees in such a manner and subject to such conditions as may be prescribed by Statutes such insurance and provident funds as it may deem fit.
- (2) For insurance and provident funds so constituted by the University, the State Government may declare that the provisions of the Provident Funds Act,. 1925 (No. 19 of 1925) shall apply to such fund as if it were a Government Provident Fund, Provided that the University shall have power in consultation with the Board to invest the Provident Fund, amount in such manner as it may determine.
- (3) Persons in Government services transferred to the University shall be governed under such terms and conditions as may be agreed to between the University and Government.
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