Section 24
Pension and provident fund.
The Footwear Design and Development Institute Act, 2017
About this Act
An Act to establish and declare the Footwear Design and Development Institute as an institution of national importance for the promotion and development of quality and excellence in education, research and training in all disciplines relating to footwear and leather products design and development and for matters connected therewith or incidental thereto.
(1) The Institute shall constitute, for the benefit of its employees,
including the Managing Director in such manner and subject to such conditions as may be specified by
the Statutes, such pension, insurance and provident funds as it may consider necessary.
(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.
(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.