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(1) The University shall constitute for the benefit of its
officers, teachers and servants such 1[pension or provident funds or provide such insurance schemes] as it
it may deem fit in such manner and subject to such conditions as may be prescribed by the Statutes.
(2) Where such provident or pension fund has been so constituted, the2[Central Government] may
declare 3that the provisions of the Provident Funds Act, 4[1925] (19 of 1925), shall apply to such fund, as
as if it were a Government provident fund.
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1. Subs. by Act 62 of 1951, s. 27, for "provident and pension funds".
2. Subs. by the A.O. 1937, for "G.G. in C.".
3. For such declaration see Notification No. 151 (5, dated the 14th July, 1927, Gazette of India, 1927, Pt. I, I. 764 (G.S.R.O. Volume VIII, p. 192).
4. Subs. by Act 62 of 1951, s. 27, for "1897"