Amendment status not verified — confirm the current text below against the official source.
Advocates’ Welfare Fund.- ( 1) With effect from the date of establishment of Trustee Committee under sub-section ( 1) of Section 4; there shall be constituted afund called the Advocates' Welfare Fund. (2) (a) (b) (C) (d) (6) There shall be credited to the fund - agrant of rupees six lakhs that shall initially be made by the State Government to the fund; any amount paid by the Bar Council; any voluntary donation or contribution made to the fund by the Bar Council of India; a Bar Association; other association or institution; any advocate or any other person; any sum borrowed under Section 12; all moneys credited under Section 18; all sums received from the Life Insurance Corporation of India on the death of an advocate under the group insurance of the member of the fund; any profit; dividend; or refund received from the Life Insurance Corporation of India in respect of the policies in group insurance of the member ofthe fund; any interest or dividend or other return on any investment made of any part of the fund; ® any other amount received by the Trustee Committee. [(2 -a) The amount received by the State Bar Council on account of payment of Stamp Duty on certificate of enrolmen t ; issued under Section 22 of the Advocates Act; 1961 (No. 25 of 1961); shall be credited to the fund and such credits shall discharge the State Bar Council of its liability in respect thereof to the State Government; under Article 17 -A of Schedule I-A of the Indian Stamp Act; 1899 (No. II of 1899) as applicable to the State ofMadhya Pradesh.] (5) The sums specified in sub-section (2) shall be paid to; or collected by; such agencies; at such rate and in such manner; and the account of the fund shall be maintained in such form; as may be prescribed. CHAPTER III ESTABLISHMENT OF TRUSTEE COMMITTEE, APPLICATION OF FUND AND ITS MANAGEMENT, ETC. 4 Establishment of Trustee C0mmittee.-( 1) With effect from such date as the State Government may; by notification; ap point in this behalf there shall be established 'for the purpose of this Act a Trustee Committee to be called the Madhya Pradesh Advocate's Welfare Fund Committee. (2) The Trustee Committee shall be a body corporate by the name aforesaid; having perpetual succession and a common seal; with power to acquire; hold and dispose of property; both movable and immovable and to contract; and shall by the said name sue and be sued. (5) The Trustee Committee shall consist ofthe following; namely: — A.- EX- OFFICIO MEMBERS (i) the Minister-in-Charge of Law-Chairman; (ii) The Minister of State-in-Charge of Law-Vice-Chairman; (iii) the Chairman; Bar Council -Vice Chairman; (iV) the Advocate General; Madhya Pradesh; (V) the Secretary to the Government of Madhya Pradesh; Law and Legislative Affairs Department-Secretary; (VI) Secretary; Bar Council-Joint Secretary (having no voting rights); (Vii) Treasurer; Bar Council-Treasurer; (ViiD the General Manager of the Local Head Of fice of the State Bank of India or his nominee not below the rank of Regional Manager; 6X) the Divisional Manager of the Life Insurance Corporation ofIndia; Indore or his nominee not below the rank of Deputy Divisional Manager; (X) the Secretary to the Government of Madhya Pradesh; Finance Department '[ or his nominee not below the rank of Deputy Secretary]; B. NOMINATED MEMBERS $3 two members to be nominated by the Bar Council; (XiD two members to be nominated by the State Government of whom one shall be amember of Parliament from the State and the other shall be amember ofthe State Legislative Assembly. (4) A nominated member shall hold office during the pleasure ofthe authority nominating him but the term of his office shall not exceed five years from the date of his nomination. (5) Whenever any person is nominated or appointed as a member ofthe Trustee Committee by Virtue of the post or office held by him; he shall forthwith cease to be amember of the Trustee Committee on his ceasing to hold such post or office.