National Institute of Pharmaceutical Education and Research Act : Pension and provident fund. Indian

National Institute of Pharmaceutical Education and Research Act,1998

Act No : 13

Section : Pension and provident fund.

24. Pension and provident fund.-(1) The Institute shall constitute, for the benefit of its employees, including the Director, in such manner and subject to such conditions as may be prescribed by the Statutes, such pension, insurance and provident funds s it may deem fit. (2) Where any such provident 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.