(1) It shall be the function of the Committee toadminister the Fund.
(2) In the administration of the Fund, the Committee shall, subject to the provisions of theAct and the rules made thereunder—
(a) hold the amounts and assets belonging to the Fund;
(b) receive application for admission or readmission to the Fund and dispose of suchapplications within sixty days from the receipt thereof;
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(c) receive applications from the members of the Fund, their nominees or legalrepresentatives, as the case may be, for payment out of the Fund;
(d) conduct such inquiry as it deems necessary, for the disposal of such applications anddispose of the applications within five months from the date of receipt thereof;
(e) record in the minutes book of the Committee its decision on the applications;
(f) pay to the applicants amount at the rates specified in the Schedule;
(g) maintain such accounts and books and send such periodicals and annual reports to theBar Council, as may be prescribed;
(h) communicate to the applicants under certificate of posting the decision of theCommittee in respect of applications for admission or re-admission to the Fund orclaims to the benefit of the Fund; and
(i) do such other acts, as are or may be, required to be done under this Act and the rulesmade thereunder.