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[Cites 0, Cited by 0] [Section 33(7)] [Section 33] [Entire Act]

State of Rajasthan - Subsection

Section 33(7)(i) in First Statutes of the Jai Narayan Vyas University Jodhpur

(i)The amount of subscription deducted from the monthly pay of each employees together with the contribution by the University shall be deposited in an account named Jai Narayan Vyas University, Jodhpur Provident Fund Account" within two days of the receipt of the money as far as possible. The amount shall be deposited in a Savings Bank account opened in 'A' Class Scheduled Bank at Jodhpur as may be decided by the Syndicate from time to time. The account shall be operated in such manner as the Syndicate may direct. The balance of the fund, after keeping in reserve a suitable amount for current needs shall be invested in Small Savings Securities, Fixed Deposits in Scheduled Banks and or other Government Securities or investments covered by Section 20 of the Indian Trust Act of 1882 on the basis of the recommendation of a P.F. Investment Committee as soon as possible, after the accounts are credited, but not later than 7 days from the date of its deposit in the Jai Narayan Vyas University, Jodhpur Contributory Provident Fund Account.