(1) A member who has attained the 2[age of sixty five years]2 and has completed twenty years of practice as an advocate and twelve years as a member of the fund is facing a financial hardship may apply in a prescribed form to the trustee committee seeking part payment from the fund. The Situation leading to such financial hardship shall be such as may be prescribed.
(2) If the trustee committee is satisfied with the claim of the applicant it may, with the prior approval of the Bar Council, sanction an amount Advocates Welfare Fund [1985: KAR. ACT 2 132 equivalent to fifty percent of entitlement of the applicant under section 16 2[or one lakh fifty thousand rupees]2 whichever is less.
(3) The applications shall be considered strictly according to their dates of filing.
(4) The amount paid under this section shall be deducted at the time of making final payment under section 16.
(5) Total number of applications which may be considered for payment under this section during a financial year shall be fixed by the trustee committee having regard to its financial position, feasibility of future operation of the fund and need of the applicant and other relevant factors as may be prescribed.]1
1. Inserted by Act 28 of 2010 w.e.f.06.08.2010.
2. Substituted by Act 12 of 2017 w.e.f.12.06.2017.