Act Number: 30

Act Name: The Indian Institutes of Information Technology Act, 2014

Year: 2014

Enactment Date: 2014-12-08

Long Title: An Act to declare certain institutions of information technology to be institutions of national importance, with a view to develop new knowledge in information technology and to provide manpower of global standards for the information technology industry and to provide for certain other matters connected with such institutions or incidental thereto.

Ministry: Ministry of Human Resource Development

Department: Department of Higher Education

Section 31: Pension and provident fund.
    (1) Every Institute may constitute for the benefit of its employees such provident or pension fund or provide such insurance scheme as it may deem fit in such manner and subject to such conditions as may be prescribed by the Statutes.
     (2) Where such provident fund or pension 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.
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