State · Nagaland

Section 37 of The Nagaland University Act, 1989

(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 provision of the Provident Funds Act, 1925 (19 of 1925), shall apply to such fund, as if it were a Government provident fund.

Summary

The University must create a provident fund, a pension fund, or provide insurance schemes for the benefit of its employees.
These funds and schemes must be set up according to the rules and conditions laid out in the Statutes.
If a provident or pension fund is created, the Central Government has the power to declare that the Provident Funds Act, 1925 applies to it.
When the Central Government makes this declaration, the University fund is treated legally just like a Government provident fund.

Practical examples

1In 2024, Dr. Mehra joins the University as a lecturer and begins contributing a portion of her salary to the new University pension fund, securing her retirement based on the current Statutes.

2The Central Government issues a notification in 2025 declaring that the University's employee provident fund now falls under the Provident Funds Act, 1925, meaning the fund's money is protected from being seized by creditors if an employee goes into debt.

FAQ

1. Who are these funds meant for?

The funds and insurance schemes are created for the benefit of the University's employees.

2. Where can I find the specific rules for how the pension fund works?

The conditions and manner of operating these funds are prescribed by the Statutes of the University.

3. Can the University's fund be treated as a government fund?

Yes, if the Central Government makes a specific declaration applying the Provident Funds Act, 1925 to it.

Test yourself

Q1.Under Section 37 of The Nagaland University Act, 1989, what specific benefit must the University constitute for its employees?

Q2.Under Section 37 of The Nagaland University Act, 1989, where are the specific conditions for the provident and pension funds laid out?

Q3.Under Section 37 of The Nagaland University Act, 1989, which specific law can the Central Government apply to the University's funds?

Q4.Under Section 37 of The Nagaland University Act, 1989, what happens if the Central Government applies the 1925 Act to the University's fund?

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