(1) It shall be competent for the Welfare Fund Committee to grant a loan not exceeding rupees 3[ten thousand] to an Advocate who is a member of the fund and whose standing at the Bar does not exceed five years for the purchase of law books for carrying on his profession.
(2) Every Advocate desirous of obtaining a loan under these rules, shall make an application in writing to the Secretary of the Welfare Fund duly attested by the President of the Bar Association of which he is a member indicating therein the value of the books he intends to purchase and wherever possible the title, author and publisher of the Books.
4. On receipt of an application under sub-rule (2) of Rule 3, the Welfare Fund Committee shall consider the same and grant or for reasons to be recorded in writing refuse to grant the loan applied for. Where the loan applied for is granted, the Secretary of the Welfare Fund shall purchase the books from dealers approved by the Chairman of Telangana Advocates’ Welfare Fund Committee and arrange to send them to the Advocate concerned. In case where the application contains the details of the books, the same books shall be purchased on sent to the Advocate concerned and where the Advocate does not specify the details of the books in his application a list/catalogue of books shall be sent to the Advocate concerned asking him to tick the books required by him and return the list/catalogue to the Secretary. Thereupon, the Secretary shall purchase the Books required by the Advocate from the approved dealer and arrange to send the same to
3. Substituted by G.O.Ms.No.179, Law (C) Department, dated
27.12.2006.
Grant of loan for the purchase of books.
Purchasing of books.
[The Telangana Advocates’ Welfare Fund (Loans for the Purchase of Books) Rules, 1989.] 3 him and the Advocate shall acknowledge the receipt of these books.
4[5. The loan granted under these rules shall be recovered in twenty instalments of five hundred rupees each, payable, once in two months, from the immediate month, after receipt of the books and where the loan granted is less than rupees ten thousand it shall be recoverable at the rate of rupees five hundred, once in two months until the loan is liquidated. No interest shall be chargeable on the loan. However, a late fee equivalent to five percent of the instalment is chargeable where the payment of the loan is delayed by more than one month.]