law: Central Universities Act, 2009
  36.
  
  Provident and pension funds. -
  1.  
  
    The
  
  University shall constitute for the benefit of its employees such provident or
  
  pension fund or provide such insurance schemes 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,
  
  shall apply to such fund, as if it were a Government provident fund.