(1) Every Institute may constitute for the benefit of its employees such provident or pension fund or provide such insurance scheme as it may deem fit in such manner and subject to such conditions as may be prescribed by the Statutes.
(2) Where such provident fund or pension fund has been so 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.
(2) Where such provident fund or pension fund has been so 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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Section 1 · Short title and commencement.Section 2 · Declaration of certain institutions as institutions of national importance.Section 3 · Definitions.Section 4 · Incorporation of Institutes.Section 5 · Effect of incorporation of Institutes.Section 6 · Objects of Institute.Section 7 · Powers and functions of Institute.Section 8 · Institute to be open to all races, creeds and classes.India Code, Government of India. Text fetched 24 Oct 2026. Source metadata reports last modification: 2019-11-29. Check the linked official text and subsequent notifications when applying a provision.