Advocates' Welfare Fund

(1) With effect from the date of establishment of Trustee Committee under sub-section (1) of Section 4; there shall be constituted a fund called the Advocates' Welfare Fund. (2) There shall be credited to the fund - (a) a grant of Rs. 6 Lakhs that shall initially be made by the State Government to the fund; (b) any amount paid by the Bar Council; (c) any voluntary donation or contribution made to the fund by the Bar Council of India; a Bar Association; other association or institution; any advocate or any other person; (d) any sum borrowed under Section 12; (e) all moneys credited under Section 18; (f) all sums received from the Life Insurance Corporation of India on the death of an advocate under the group insurance of the member of the fund; (g) any profit; dividend; or refund received from the Life Insurance Corporation of India in respect of the policies in group insurance of the member of the fund; (h) any interest or dividend or other return on any investment made of any part of the fund; (i) any other amount received by the Trustee Committee. (2-a) The amount received by the State Bar Council on account of payment of Stamp Duty on certificate of enrolment; issued under Section 22 of the Advocates Act; 1961 (No. 25 of 1961); shall be credited to the fund and such credits shall discharge the State Bar Council of its liability in respect thereof to the State Government; under Article 17-A of Schedule I-A of the Indian Stamp Act; 1899 (No. II of 1899) as applicable to the State of Madhya Pradesh. (3) The sums specified in sub-section (2) shall be paid to; or collected by; such agencies; at such rate and in such manner; and the account of the fund shall be maintained in such form; as may be prescribed.