12. Borrowing and investment.—(1) The Trustee Committee may, with the prior approval of the
appropriate Government and the State 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 monies and receipts forming part of the Fund in any
scheduled bank or invest the same in debt instruments of any corporation owned or controlled by the
appropriate Government or in loans floated by the appropriate Government or in any other manner as the
State Bar Council may, from time to time, direct with the prior approval of the appropriate 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.Source footnotes
Text extracted from the official PDF. Section boundaries were checked against the source index. Page numbers, watermarks and footnotes may remain in the extract; verify the linked original document.
India Code, Government of India. Text fetched 10 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.