Borrowing and investment of Funds

(1) Samiti Vidhi Parishad ki purvanumati se is adhiniyam ke prayojanon ko pura karne ke liye samay-samay par apekhit koi rakam udhar le sakti hai. (2) Samiti nidhi ke bhag roop sabhi rashiyan evam praptiyon ko Bharatiya Reserve Bank Adhiniyam, 1934 mein yatha paribhashit kisi anusuchit bank mein jama karegi athva Kendra ya Rajya Sarkar svamitva ya niyantradheen kisi nigam ko rin dene mein athva sarkar ke purvanumodan se Vidhi Parishad dwara samay-samay par yatha nirdeshat riti se nivesh karegi. (3) Is adhiniyam ke adhin bakaya evam bhugateya sabhi rakam aur nidhi ke bandhan evam niyantran se sambandhit sabhi vyay ka bhugtan nidhi se kiya jayega. (4) Samiti dwara niyukt Chartered Accountant samiti ke sabhi lekhaon ki varshik lekha pariksha karenge. (5) Samiti lekha parikshak dwara yatha pramanit sabhi lekha tatha unke lekha prativedan ko Vidhi Parishad ko agsarit karegi tatha Vidhi Parishad samiti ko aisa nirdesh degi jo vah upyukt samjhe. (6) Samiti up-dhara-(2) ke adhin Vidhi Parishad dwara nirgat nirdeshon ka anupalan karegi. (1) The Committee may , with the prior approval of the Bar Council, borrow, from time to time, any sum required for carrying out the purposes of this Act. (2) The Committee shall deposit all moneys and receipts forming part of the Fund in any Scheduled Bank as defined in the Reserve Bank of India Act,1934 or invest the same in loans to any Corporation owned or controlled by the Central Government or the State Government or in any other manner as the Bar Council, may from time to time, direct with prior approval of the Government. (3) All amount due and payable under this Act and all expenditure relating to the management and administration of the Fund shall be paid out of the Fund. (4) The accounts of the Committee shall be audited annually by a Chartered Accountant appointed by the Committee. (5) The accounts, as certified by the auditor together with the audit report there on, shall be forwarded to the Bar Council by the Committee and the Bar Council may issue such direction as it deems fit to the Committee in respect there of. (6) The Committee shall comply with the directions issued by the Bar Council under sub – section(2).