Section 29:
Pension and provident fund.
(1) The Institute shall constitute for the benefits of its employees,
including the Director, such pension, insurance and provident fund scheme as it may deem 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.