law: National Institute of Pharmaceutical Education and Research Act, 1998
  24. Pension and provident fund 
  (1) The Institute shall constitute, for the 
  
  benefit of its employees, including the Director, in such manner and subject to 
  
  such conditions as may be prescribed by the Statutes, such pension, insurance 
  
  and provident funds as it may deem fit.
  (2) Where any such provident fund has been so
  
  constituted, the Central Government may declare that the provisions of the
  
  Provident Funds Act, 1925 shall apply to such fund as if it were a Government
  
  provident fund.