Section 29. Pension and provident fund

29. Pension and provident fund. —(1) The Institute shall constitute for the benefits of its employees, including the Director, such pension, insurance and provident fund scheme as it may deem fit, in such manner and subject to such conditions as may be provided by the Statutes. (2) Where any such provident fund has been so constituted, 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. — 30. Appointment of staff of Institute. All appointments of the staff of the Institute, except that of the Director, shall be made with the prior approval of the Central Government and in accordance with the — procedure laid down in the Statutes, (a) by the Executive Council, if the appointment is made on the academic staff in the post of Assistant Professor or above or if the appointment is made on the non-academic staff in any cadre, the maximum of the pay-scale for which is the same or higher than that of an Assistant Professor; and (b) by the Director, in any other case.