Section 35
Pension, insurance and provident funds.
The National Institutes of Food Technology, Entrepreneurship and Management Act, 2021.
About this Act
An Act to declare certain institutions of Food Technology, Entrepreneurship and Management to be the institutions of national importance and to provide for instructions and research in food technology, entrepreneurship and management and for the advancement of learning and dissemination of knowledge in such branches and for matters connected therewith or incidental thereto.
(1) Each Institute shall constitute for the benefit of
its employees, including the Director, in such manner and subject to such conditions as may be specified
by the Statutes, such pension, insurance and provident funds as it may deem fit.
(2) Where the provident fund referred to in sub-section (1) has been constituted, the Central Government may declare that the provision of the Provident Funds Act, 1925 (19 of 1925) shall apply to such fund as if it were a Government Provident Fund.
(2) Where the provident fund referred to in sub-section (1) has been constituted, the Central Government may declare that the provision of the Provident Funds Act, 1925 (19 of 1925) shall apply to such fund as if it were a Government Provident Fund.