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Section 10: Funds, borrowlng and investment

The Rajasthan Advocates Welfare Fund Act, 1987State Act of Rajasthan · Act 15 of 1987

(1) The Trustee Committee may, with the prior approval of the State Government and the Bar Council, borrow from time to time any sum required for carrying out the purposes of this Act.

(2) The Trustee Committee shall deposit all moneys and receipt forming part of the Fund in any Scheduled Bank [or Post Office] or invest the same in loan to any corporation owned or controlled by the Central Government or the State Government or in loan floated by the Central Government or the State Government or in any other manner as the Trustee Committee may, from time to time, decide with the approval of the State Government.

(3) All amounts due and payable under this Act and all expenditure relating to the management and administration of the Fund shall be paid out of the Fund.

Where this provision sits

ActThe Rajasthan Advocates Welfare Fund Act, 1987
Section10
Marginal noteFunds, borrowlng and investment
JurisdictionState of Rajasthan
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Rajasthan Act No. 09 of 2003. Inserted by Rajasthan Act No. 09 of 2003.

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