No act or proceeding of the Committee shall be invalid by reason only of the existence of any vacancy amongst its members or any defect in the constitution thereof.

Vesting and application of Fund Vesting and application of Fund:

1. (1) The Fund shall vest in, and be held and applied by, the Committee in accordance with the provisions of this Act.
2. (2) Subject to the provisions of the Act and any rules made thereunder, the Fund shall be applied for the following purposes, namely:—
   • (a) making payment, in the prescribed manner, of the amount to the member of the Fund or his nominee or legal heir, as the case may be, on cessation of practice;
   • (b) payment of medical assistance to the members of the Fund or their dependents, in such manner as may be prescribed;
   • (c) payment of amounts for such other purposes as may be prescribed for the welfare of the members of the Fund.