Section 33 of The Rashtriya Raksha University Act, 2020. in hindi
- (1)The University may constitute for the benefit of its employees such provident or pension fund or provide such insurance scheme as it may deem fit in such manner and subject to such conditions as may be laid down in the Statutes.
- (2)Where any provident fund has been constituted under sub-section (1), 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.
Summary
- The University is allowed to create pension funds, provident funds, or insurance schemes for its staff.
- The rules and conditions for these benefits must be written down in the University's Statutes.
- If the University sets up a provident fund, the Central Government can declare that a specific law called the Provident Funds Act of 1925 applies to it.
- This declaration means the University's fund is treated exactly like a government provident fund.
Practical examples
FAQ
1. Does the University provide insurance or pensions to its employees?
Yes, the University can create provident funds, pension funds, or insurance schemes for their benefit.
2. Where are the detailed rules for these employee funds found?
The specific manner and conditions are laid down in the University's Statutes.
3. What makes the University's provident fund special?
The Central Government can declare that the Provident Funds Act of 1925 applies, treating it like a standard government fund.
Test yourself
Q1.Under Section 33 of The Rashtriya Raksha University Act, 2020., where must the conditions for creating an employee insurance scheme be written?
Q2.Under Section 33 of The Rashtriya Raksha University Act, 2020., what law might the Central Government apply to the University's provident fund?
Q3.Under Section 33 of The Rashtriya Raksha University Act, 2020., what is the effect of the Central Government applying the 1925 Act to the University's provident fund?
Q4.Under Section 33 and Section 36 of The Rashtriya Raksha University Act, 2020., if an employee wants to know the rules for their pension, where do they look and who has the power to outline those rules?