Section 20:
Pension and provident funds.
(1) 1[Every Institute] shall constitute for the benefit of its
officers, teachers and other employees in such manner and subject to such conditions as may be
prescribed by regulations, such pension and provident funds as it may deem fit.
2[Provided that the pension and provident fund constituted by the existing Institute or society, before
the commencement of the All-India Institute of Medical Sciences (Amendment) Act, 2012 (37 of 2012),
shall be deemed to be the pension and provident fund under this section.]
(2) Where any such pension or provident fund has been 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.
Notes:
1 Subs. by s. 20, ibid., for "The Institute" (w.e.f. 16-7-2012).
2 Ins. by s. 20, ibid. (w.e.f. 16-7-2012).