The fund of the Council shall be applied,––
(a) to the repayments of debts incurred by the Council for the purpose of the Act and the rules and regulations made thereunder ;
(b) to the expenses of any suit or legal proceedings to which the Council is a party ;
(c) to the payment of salaries and allowances to the officers and servants of the Council ;
(d) to the payment of allowances to the office bearers of the Council ;
(e) to the payment of any expenses incurred by the Council in carrying out the provisions of the Act and the rules and regulations made thereunder ; and
(f) to any other expenses incurred for the promotion and development of paramedical education, research and training, declared by the Council to be in the general interest of para-medical profession.