Section 27
Pension and provident fund.
The Rajiv Gandhi Institute of Petroleum Technology Act, 2007
About this Act
An Act to declare the institution known as the Rajiv Gandhi Institute of Petroleum Technology to be an institution of national importance and to provide for its incorporation and for matters connected therewith.
(1) The Institute shall constitute for the benefit of its employees,
including the Director, such pension, insurance and provident fund scheme as it deems fit, in such manner
and subject to such conditions as may be provided by the Statutes.
(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.