Section 37:
Pension and provident funds.
(1) The University 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 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.