Section 21 in The Advocates Fund Act 2001
Title: Payment of amount on cessation of practice
(1) Every advocate who has been a member of the Fund for a period of not less than five years shall, on his cessation of practice, be paid an amount at the rate specified in Schedule I:
Provided that where the Trustee Committee is satisfied that a member of the Fund ceases to practice within a period of five years from the date of his admission as a member of such Fund as a result of any permanent disability, the Trustee Committee may pay such member an amount at the rate specified in Schedule I.
(2) Where a member of the Fund dies before receiving the amount payable under sub-section (1), his nominee or legal heir, as the case may be, shall be paid the amount payable to the deceased member of the Fund
Title: Restriction on alienation attachment etc of interest of member in Fund
(1) The interest of any member in the Fund, or the right of a member of the Fund or his nominee or legal heir to receive any amount from the Fund, shall not be assigned, alienated, or charged and shall not be liable to attachment under any decree or order of any court, tribunal or other authority.
(2) No creditor shall be entitled to proceed against the Fund or the interest therein of any member of the Fund or his nominee or legal heir.
Explanation.—For the purposes of this section, "creditor" includes the State or an official assignee or official receiver appointed under the law relating to insolvency for the time being in force.
Title: Exemption from income tax
Notwithstanding anything contained in the Income-tax Act, 1961 (43 of 1961) or any other enactment for the time being in force relating to tax on income, profits or gains, the income accrued to the Fund constituted under sub-section (1) of section 3 shall be exempt from income-tax.
Title: Group Life Insurance for members of Fund and other benefits
The Trustee Committee may, for the welfare of the members of the Fund,.—
(a) obtain, from the Life Insurance Corporation of India or any other insurer, policies of Group Insurance on the life of the members of the Fund; or
(b) provide, in such manner as may be prescribed, for medical and educational facilities for the members of the Fund and their dependants; or
(c) provide monies to the members of the Fund for purchase of books; or
(d) provide monies to construct or maintain common facilities for the members of the Fund:
Provided that the Trustee Committee shall spend ten per cent. of the total annual subscription received under sub-section (5) of section 18 on the construction or maintenance of common facilities for the members of the Fund practising in the subordinate courts; or
(e) provide funds for any other purpose which the Trustee Committee may specify; or
(f) provide for such other benefits as may be prescribed.
Title: Appeal against decision or order of Trustee Committee
(1) An appeal against any decision or order of the Trustee Committee shall lie to the State Bar Council.
(2) The appeal shall be in the prescribed form and shall be accompanied by—
(a) a copy of the decision or order appealed against;
(b) a receipt evidencing payment of twenty-five rupees to the credit of the State Bar Council in any of the branches of a scheduled bank.
(3) The appeal shall be filed within thirty days from the date of receipt of the decision or order appealed against.
(4) The decision of the State Bar Council on such appeal shall be final.