Section 26
Pension and provident fund.
The National Institutes of Design Act, 2014
About this Act
An Act to declare the institution known as the National Institute of Design, hmedabad, to be an institution of national importance for the promotion of quality and excellence in education,research and training in all disciplines relating to Design and for matters connected therewith or incidental thereto.
(1) 1[Every Institute] shall constitute, for the benefit of its employees,
including the Director, such pension, insurance and provident funds as it may deem fit, in such manner
and subject to such conditions as may be laid down in the Statutes.
(2) Where any provident fund has been constituted under sub-section (1), 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 provident fund has been constituted under sub-section (1), 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.
Notes
1. Subs. by Act 38 of 2019, s. 22, for "The Institute" (w.e.f. 13-1-2020).