(1) The State Government shall constitute a fund called the Karnataka Advocates' Welfare Fund for the payment of retirement 2[and other benefits to the advocates and their dependents, in the State.]2
(2) There shall be credited to the Fund,- 1[(a) xxx]1
(b) any 1[xxx]1 contribution made by the Bar Council;
(c) any voluntary donation or contribution made to the Fund by the Bar Council of India, any bar association, any other association or institution, any advocate or any other person;
(d) any grant made by the State Government to the Fund;
(e) the amounts set apart from the Legal Benefit Fund constituted under section 76A of the Karnataka Court Fees and Suits Valuation Act, 1958 Advocates Welfare Fund [1985: KAR. ACT 2 122 (Karnataka Act 16 of 1958), for providing social security measures for the legal profession;
(f) any sum borrowed under section 10;
(g) all sums received from the Life Insurance Corporation of India on the death of an advocate under the group insurance policy;
(h) any profit or dividend received from the Life Insurance Corporation of India in respect of policies of Group Insurance of the members of the Fund;
(i) any interest or dividend or other return on any investment made of any part of the Fund;
(j) all sums collected by way of sale of welfare fund stamps under section 22;
2[(k) amounts collected under section 15 3[by way of admission fee and any other fee including late fee under section 23A and penalty or contribution if any.]2]3
(3) The sums specified in sub-section (2), shall be paid to, or collected by, such agencies, at such intervals and in such manner, and the accounts of the Fund shall be maintained and operated in such manner, as may be prescribed.
1. Omitted by Act 21 of 1993 w.e.f . 02.04.1997.
2. Substituted by Act 21 of 1993 w.e.f . 02.04.1997.
3. Substituted by Act 12 of 2017 w.e.f. 12.06.2017