Lawgist20Pension and provident funds
(1) 1[Every 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 regulations, such pension and provident funds as it may deem fit.
2[Provided that the pension and provident fund constituted by the existing Institute or society, before the commencement of the All-India Institute of Medical Sciences (Amendment) Act, 2012 (37 of 2012), shall be deemed to be the pension and provident fund under this section.]
(2) Where any such pension or provident fund has been constituted the Central Government may declare that the provisions of the Provident Funds Act, 1925 (19 of 1925), shall apply to such fund as if it were a Government provident fund.
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1 Subs. by s. 20, ibid., for "The Institute" (w.e.f. 16-7-2012).
2 Ins. by s. 20, ibid. (w.e.f. 16-7-2012).
- 1 Short title and commencement
- 2 Definitions
- 3 Establishment and incorporation of the Institute
- 4 Composition of the Institute
- 5 Declaration of Institutes as institution of national importance
- 6 Term of office of, and vacancies among, members
- 7 President of the Institute
- 8 Allowances of President and members
- 9 Meetings of the Institute
- 10 Governing Body and other Committees of the Institute
- 11 Staff of the Institute
- 12 Location of the Institute
- 13 Objects of the Institute
- 14 Functions of the Institute
- 15 Payment to the Institute
- 16 Fund of the Institute
- 17 Budget of the Institute
- 18 Accounts and audit
- 19 Annual Report
- 20 Pension and provident funds
- 21 Authentication of the orders and instruments of the Institute
- 22 Acts and proceedings not to be invalidated by vacancies, etc
- 23 Recognition of Medical, dental and nursing qualifications granted by the Institute
- 24 Grant of medical, dental or nursing degrees, diplomas, etc., by the Institute
- 25 Control by Central Government
- 26 Disputes between the Institute and the Central Government
- 27 Returns and information
- 27A Incorporation of Institute registered as society under the Societies Registration Act, 1860
- 27B Effect of incorporation of Institutes
- 27C Provisions of this Act to apply to societies incorporated into All-India Institutes of Medical Science under section 27A
- 27D Power to make transitory provisions for Institutes (other than existing Institute)
- 28 Power to make rules
- 29 Power to make regulations
