We have audited the accompanying Financial Statements of the BAR COUNCIL OF INDIA ( the Council ), as at March 31, 2024, which comprise the Balance Sheet and Income and Expenditure Account for the year then ended, and Notes to the Financial Statements

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-08052025-262979 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY NEW DELHI, MONDAY, APRIL 28, 2025/VAISAKHA 8, 1947 BAR COUNCIL OF INDIA NOTIFICATION New Delhi, the 16th April, 2025 BAR COUNCIL OF INDIA INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BAR COUNCIL OF INDIA New Delhi, the 25th September, 2024 F.N. BCI:D: 2457/2025.-REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS OPINION We have audited the accompanying Financial Statements of the BAR COUNCIL OF INDIA (“the Council”), as at March 31, 2024, which comprise the Balance Sheet and Income & Expenditure Account for the year then ended, and Notes to the Financial Statements, and a summary of significant accounting policies and other explanatory information for the year ended 31st March, 2024. In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Advocates Act, 1961 in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India. (a) In the case of the Balance Sheet, of the State of Affairs as at March 31, 2024 and (b) In the case of the Income & Expenditure Account, Surplus for the year ended on that date. (c) In the case of Cash Flow Statement, of the cash flow of the Council for the year ended on that date. BASIS FOR OPINION We conducted our audit in accordance with the Standards of Auditing (SAs) specified by the Institute of Chartered Accountants of India. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Council in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the rules there under, and we have fulfilled our ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. MANAGEMENT'S RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS The Management of the Council is responsible for the preparation of these financial statements that give a true and fair view of the financial position, financial performance of the Council in accordance with the accounting principles generally accepted in India, including the Accounting Standards. This responsibility also includes maintenance of adequate accounting records in accordance with the applicable law for safeguarding of the assets of the Council and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the management is responsible for assessing the entity's ability to continue as a going concern and whether the use of the going concern basis of accounting is appropriate as well as disclosing, if applicable, matters relating to going concern. The Management is also responsible for overseeing the Council's financial reporting process. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing will always detect a material misstatement when it exists. As part of an audit in accordance with the Standards on Auditing, professional judgment is exercised and professional skepticism is maintained throughout the audit. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS We report that: (a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit. (b) In our opinion, proper books of account as required by law has been kept by the Council so far as it appears from our examination of those books. (c) The Balance Sheet and the Income & Expenditure Account dealt with by this report are in agreement with the books of account. (d) In our opinion, the aforesaid financial statements comply with the Accounting Standards issued by the Institute of Chartered Accountants of India. (e) The Council has disclosed the impact of pending litigations on the financial position in its financial statements for the year ended March 31, 2024 vide Note No. 20(B(1)) as Contingent Liabilities. For G. K. Kedia & Co. Chartered Accountants FRN: 013016N Place: New Delhi Sd/- Date: 25th September, 2024 Partner M. No. 544129 UDIN: 24544129BKABMZ1841 BALANCE SHEET (As at 31st March, 2024) (Amount in R) PARTICULARS | Schedule | As At | As At | No. | March 31, 2024 | March 31, 2023 | | R | R -------------------------------------+----------+------------------+------------------ SOURCES OF FUNDS: | | | Capital Fund | | | - Corpus Fund | 1 | 1,07,30,445 | 1,07,30,445 Reserves & Surplus | 2 | 5,98,06,65,606 | 4,24,56,48,066 - Assets Fund (Grants-in-Aid) | 3 | 73,04,049 | 81,89,744 - Earmarked Funds | 4 | 61,03,94,089 | 54,73,76,112 Non Current Liabilities | | | - Long Term Liabilities | | 20,00,000 | 20,00,000 -Security Deposits & Advance Fees | 5 | 67,20,55,000 | 1,00,21,55,000 Current Liabilities | | | -Current Liabilities & Provisions | 6 | 24,23,67,837 | 26,20,95,625 TOTAL | | 7,52,55,17,026 | 6,07,81,94,992 | | | APPLICATION OF FUNDS: | | | Non Current Assets | | | -Fixed Assets | 7 | 2,22,99,351 | 2,43,17,546 -Earmarked Investments | 8 | 1,46,24,49,089 | 1,54,95,31,112 -Other Investments | 9 | 5,21,51,66,659 | 3,74,95,02,691 Current Assets | | | -Current Assets | 10 | 75,09,00,228 | 69,61,88,479 -Loans & Advances | 11 | 7,47,01,699 | 5,86,55,164 TOTAL | | 7,52,55,17,026 | 6,07,81,94,992 -------------------------------------+----------+------------------+------------------ Accounting Policies and Notes to Accounts SCHEDULES 1 TO 20 FORM AN INTEGRAL PART OF THE ACCOUNTS As per our report of even date annexed with Audit Report in Form-10B For and on behalf of the Bar Council of India Sd- Vice Chairman Sd- Secretary Sd- Senior OS Accounts Department For G. K. Kedia & Co. Chartered Accountants Firm Reg. No. 013016N Sd- Partner M. No. 544129 Place: New Delhi Date: 25th September, 2024 INCOME & EXPENDITURE ACCOUNT (For The Year Ended March 31, 2024) (Amount in R) PARTICULARS | Schedule | As At | As At | No. | March 31, 2024 | March 31, 2023 | | R | R ---------------------------------+----------+----------------+---------------- INCOME | | | Fees | | | Enrollment and other Fees | 12 | 16,21,58,647 | 13,55,85,566 Examination Fees | 13 | 50,19,24,900 | 48,55,003 Inspection Fees | | 1,32,84,09,062 | 69,80,75,650 Interest | 14 | 32,14,84,889 | 22,78,96,944 Other Income | 15 | 18,93,05,185 | 7,83,489 | | 2,50,32,82,683 | 1,06,71,96,653 ---------------------------------+----------+----------------+---------------- EXPENDITURE: | | | Employee Benefit Expenses | 16 | 8,19,24,768 | 7,00,30,548 Establishment and Other Expenses | 17 | 3,51,04,478 | 24,55,58,373 Expenses On Council's Activities & Meetings | 18 | 18,82,54,307 | 11,11,68,200 Examination Expenses | 19 | 64,800 | 9,05,45,890 Depreciation | 7 | 29,16,791 | 29,90,138 Donation | | 46,00,00,000 | 0.00 | | 76,82,65,144 | 52,02,93,149 ---------------------------------+----------+----------------+---------------- Surplus/ (Deficit) During the year | | 1,73,50,17,539 | 54,69,03,503 Transferred To Reserves & Surplus| | | Accounting Policies and Notes to Accounts | 20 | | SCHEDULES 1 TO 20 FORM AN INTEGRAL PART OF THE ACCOUNTS As per our report of even date annexed with Balance Sheet For and on behalf of the Bar Council of India Sd- Vice Chairman Sd- Secretary Sd- Senior OS Accounts Department For G. K. Kedia & Co. Chartered Accountants Firm Reg. No. 013016N Sd- Partner M. No. 544129 Place: New Delhi Date: 25th September, 2024 CASH FLOW STATEMENT (For The Year Ended March 31, 2024) (Amount in R) PARTICULARS | Year ended | Year ended | March 31, 2024 | March 31, 2023 | R | R ------------------------------------------------------------+------------------+------------------ INCOME | | A. Cash Flow from Operating Activities | | Surplus as per Income & Expenditure Account | 1,73,50,17,539 | 54,69,03,503.42 Cash flow from operation after adjustment for non | | cash/operating items: | | Depreciation (net amount charged to Asset Fund) | 29,16,791 | 29,90,138.33 Interest Income on Fixed Deposits | (30,98,29,981) | (21,98,51,970) Interest on Saving Bank (Enrolment) & Others | (1,06,49,655) | (68,47,759) Interest on Loans & Advances given to staff | (4,22,572) | (4,98,404) Operating Surplus before Working Capital & Funds Changes | 1,41,70,32,122 | 32,26,95,508 Increase/(Decrease) in Current Assets & Current liabilities and| | Earmarked Fund Balances | | (Increase)/ Decrease in Loans & Advances | (1,60,46,535) | 4,25,87,987 (Increase)/ Decrease in Receivables | (14,09,842) | 31,63,163 (Increase)/ Decrease in Interest Accured | (4,86,23,697) | (7,92,07,752) (Increase)/ Decrease in Current Assets | 2,91,07,220 | (56,64,406) Increase/ (Decrease) in Current Liabilities & Provisions | (1,97,27,788) | 68,37,445 Net Cash from/used in (-) Operating Activities | 1,36,03,31,479 | 29,04,11,945 B. Cash Flow from Investing Activities | | Interest Income on Fixed Deposits | 30,98,29,981 | 21,98,51,970 Interest on Saving Bank (Enrolment) & Others | 1,06,49,655 | 68,47,759 Interest on Loans & Advances given to staff | 4,22,572 | 4,98,404 Sale of Tangible Assets | 0.00 | 0.00 Purchase of Tangible Assets | 17,84,296 | 28,32,202 Increase in Non - current Liabilties | (33,01,00,000) | 68,05,55,000 Investments: | | i) Investment Against Earmarked Fund: | | Increase in Welfare Fund Investments | (1,98,57,903) | (2,80,53,907) Increase in Provident Fund Investments | (43,90,584) | (80,65,101) Increase in Gratuity Fund Investments | (33,04,762) | (9,81,626) Increase in Pension Fund Investments | (1,05,53,596) | (1,11,48,532) Education | (1,63,37,903) | (46,95,369) Increase in Investments for Security Deposit from Law | | Colleges (Affiliation) | (1,28,11,487) | (1,57,81,791) Encashment of Investment | | AIBE and BCI | 14,65,73,584 | (71,72,840) ii) Other Investments | (1,46,56,63,967) | (40,13,26,477) Net Cash from/used in (-) Investing Activities | (1,39,37,60,114) | 43,33,59,693 Contd. C. Cash Flow from Financing Activities Increase/(Decrease) in Welfare Fund(Net) | 1,98,57,903 | 2,80,53,907 Increase/(Decrease) in Provident Fund (Net) | 43,90,584 | 80,65,101 Increase/(Decrease) in Gratuity Fund (Net) | 33,04,762 | 9,81,626 Increase/(Decrease) in Pension Fund (Net) | 1,05,53,596 | 1,11,48,532 Net Cash generated from/used(-) in Financing Activities | 3,81,06,844 | 4,82,49,166 Net increase/decrease(-) in cash and cash equivalents (A+B+C)| 46,78,210 | 77,20,20,804 Cash and Cash Equivalents at the beginning of the year (Opening| | Balance) | 38,12,63,763 | 26,21,47,959 Cash and Cash Equivalents at the end of the year (Closing | | Balance) | 38,59,41,973 | 1,03,41,68,763 Components of Cash and Cash equivalents: | | Cash in hand | 55,485 | 1,80,965 Balances with scheduled banks in Current Account and Savings| | Account | 38,58,86,487 | 38,10,82,798 TOTAL | 38,59,41,973 | 38,12,63,763 The above cash flow statement has been prepared under Indirect Method as set out in AS-3 issued by the ICAI SCHEDULES 1 TO 20 FORM AN INTEGRAL PART OF THE ACCOUNTS As per our report of even date annexed with Balance Sheet For and on behalf of the Bar Council of India For G. K. Kedia & Co. Chartered Accountants Firm Reg. No. 013016N Sd- Vice Chairman Sd- Secretary Sd- Senior OS Accounts Department Sd- Partner M. No. 544129 Place: New Delhi Date: 25th September, 2024 BAR COUNCIL OF INDIA Receipt and Payment Account for the Year Ended March 31, 2024 Receipts | Amount (R) | Payments | Amount (R) ---------------------------------------+--------------------+--------------------------------------+-------------------- Opening Balance: | | Current Assets & Liabilities | Cash in Hand | 1,80,965.20 | Investment in Fixed Deposits | 1,85,29,00,000.00 Cash at Bank | 38,10,82,799.73 | Loans and Advances | 1,68,38,685.41 | | Pension Fund Investment | 1,00,00,000.00 Current Assets & Liabilities | | Sundry Debtors Welfare Fund | 81,53,177.00 Fixed Deposit Matured | 75,89,60,855.00 | Provident Fund Investment | 75,46,618.00 Security Deposit | 4,99,00,000.00 | Duties & Taxes | 50,29,898.00 Sundry Debtors W.F. | 82,03,177.00 | Gratuity Fund Investment | 28,78,276.38 D.C. Deposits fees | 17,05,000.00 | Purchase of Fixed Assets | 17,84,295.00 Uniform Identity Number | 1,80,600.00 | Sundry Creditors | 8,67,612.00 | | Prepaid Expenses | 48,442.00 | | Amount Receivable | 54,863.00 Direct Income | | | Inspection Fees | 94,84,09,062.04 | Direct Expenses | AIBE Share | 50,19,24,900.00 | Donation | 46,00,00,000.00 Portal Registration fees | 10,21,50,590.58 | Travelling | 9,78,59,805.00 LE Forms- Application Fees | 7,35,60,499.09 | BCI International Conference | 4,98,20,684.00 LE Regularisation Fees From Law | | Employee Benefit Expenses | 3,93,12,437.00 Colleges | 3,16,50,500.00 | Meeting Expenses | 1,57,46,378.74 Foreign Examination Test Fees | 42,00,000.00 | University Expenses | 1,08,22,974.00 Enrolment Fees | 31,47,662.00 | Seminar & Conference | 51,85,000.00 Web Portal Registration Fees | 19,23,400.00 | Printing & Stationery | 18,50,480.00 Disciplinary Proceeding Fees | 8,32,945.00 | Inaugural Cermony | 5,65,484.00 Resumption of Practice Fees | 2,38,000.00 | Telephone Expenses | 5,36,971.00 | | Vidhi Ratna Awards | 3,00,000.00 | | Foreign Exam | 64,800.00 Interest & Other Receipts | | | Souvenir articles advertisement | 4,77,81,000.00 | Indirect Expense | Enrolment fees - States | 4,57,17,692.59 | Conveyance | 57,39,817.00 Interest on FDR | 2,31,13,609.46 | Contribution | 38,95,850.00 Inetrest on Saving States | 79,56,870.44 | Water & Electricity | 36,27,195.00 Interest Accrued | 64,71,694.54 | Pension Fund Contribution A/C | 32,63,432.00 Miscellaneous Income | 50,57,425.98 | Court Proceedings | 31,37,750.00 Interest on Saving Bank A/C | 26,92,717.00 | Leave Encashment | 29,24,118.00 Transfer Fees | 24,55,350.00 | Repair & Maintenance | 27,61,138.00 Regsitration Fees | 6,58,000.00 | Workshop Expenses | 25,00,000.00 Interest on Income Tax Refund | 5,82,680.00 | Miscellaneous Expenses | 19,05,399.85 Revision Fees | 3,56,075.00 | Felicitation Expenses | 18,55,252.00 Journal Subscription | | Guest Room Expenditure | 12,63,144.00 (BCIT Pearl First) | 84,800.00 | Postage & Telegram | 8,81,481.00 Process Charges | 64,000.00 | Professional Charges | 5,89,727.00 RTI Fees | 10,652.00 | Leave Travel Concession | 5,75,670.00 BCI Rules | 50.00 | Security Charges | 5,38,670.00 | | Advertisement & Gazette Notification | 3,71,764.00 | | Bank Charges - States | 2,46,605.62 | | Refreshment | 2,42,419.00 | | Insurance | 1,94,096.00 | | Subscription to IBA | 1,80,248.12 | | Municipal Tax | 1,72,612.00 | | Subscription To IIC | 1,16,820.00 | | Bank Charges | 94,954.41 | | Server Maintainance Charges | 60,180.00 | | Uniform Expenses | 15,092.00 | | Periodicals & Journal | 13,124.00 | | Joint Conference Expenses | 4,500.00 | | Prior Period Expenditure | 1,200.00 | | Interest on House Building Loan | 960.77 | | Closing Balance: | | | Cash in Hand | 55,485.35 | | Cash at Bank | 38,58,86,487.00 Total Receipt | 3,01,12,82,072.65 | Total Payment | 3,01,12,82,072.65 ---------------------------------------+--------------------+--------------------------------------+-------------------- As per our report of even date annexed with Balance Sheet For and on behalf of the Bar Council of India Sd- Vice Chairman Sd- Secretary Sd- Senior OS Accounts Department For G. K. Kedia & Co. Chartered Accountants Firm Reg. No. 013016N Sd- Partner M. No. 544129 Place: New Delhi Date: 25th September, 2024 SCHEDULE-1 CAPITAL FUND (Amount in R) | As At | As At | March 31, 2024 | March 31, 2023 --------------------------------------+----------------+---------------- Corpus Fund | | Balance as per Last Balance Sheet | 1,07,30,445 | 1,07,30,445 Add: Corpus Donation Received during the year | 0.00 | 0.00 Total | 1,07,30,445 | 1,07,30,445 --------------------------------------+----------------+---------------- SCHEDULE-2 RESERVE & SURPLUS Opening Surplus as per Last Balance Sheet | 1,14,31,06,590 | 1,01,83,87,433 Add: Surplus For the Year as per Income & Expenditure A/C | 1,73,50,17,539 | 54,69,03,503 Add: Transfer from Special Fund during the year | 45,30,41,475 | 13,78,15,654 Less: Transfer to Special Fund, Form-10 filed during the year | (1,85,00,00,000)| (56,00,00,000) Total (A) | 1,48,11,65,605 | 1,14,31,06,590 Special Fund | | Opening Balance | 3,10,25,41,475 | 2,68,03,57,130 Add: Received During the Year, transferred from Reserve & | | Surplus | 1,85,00,00,000 | 56,00,00,000 Less: Amount utilised during the year, transferred to Reserve & | | Surplus | (45,30,41,475) | (13,78,15,654) Total (B) | 4,49,95,00,000 | 3,10,25,41,476 Total (A+B) | 5,98,06,65,606 | 4,24,56,48,066 SCHEDULE-3 ASSETS FUND (GRANTS-IN-AID) Opening Balance | 81,89,744 | 91,78,785 Less: Amount of Depreciation for the Year Transfer to Income &| | Expenditure A/c | (8,85,695)| (9,89,040) Total | 73,04,049 | 81,89,744 SCHEDULE-4 EARMARKED FUNDS (Amount in R) | As At | As At | March 31, 2024 | March 31, 2023 --------------------------------------+----------------+---------------- (A) Welfare Fund | | Opening Balance | 30,39,04,108 | 27,33,46,360 Add: | | Contribution from Advocate | 29,84,701 | 0.00 Contribution from State Bar Council | 98,73,645 | 1,98,12,222 Interest on FDR | 1,71,31,326 | 1,37,70,290 Interest on Savings Bank A/c | 1,86,830 | 3,78,522 | 33,40,80,610 | 30,73,07,395 Less:- | | Assistance To Advocates | (59,12,000) | (38,83,000) Bank Charges | 0.00 | (195) Other Expenses | (9,690) | 0.00 Due to BCI - Provident Fund | 0.00 | 4,79,908 Total (A) | 32,81,58,920 | 30,39,04,108 (B) Provident Fund | | Opening Balance | 5,10,57,279 | 4,38,12,598 Add: | | Employer Contribution (erstwhile referred as "Employees | | Compulsory Subscription") | 29,21,484 | 26,05,818 Employees Conribution (erstwhile referred as "Employees | | Voluntary Subscription") | 25,16,000 | 27,24,750 Interest Allocated | 29,32,567 | 23,75,276 Shortfall in PF Interest Contribution | 13,68,796 | 12,38,837 | 6,07,96,127 | 5,27,57,279 Less: | | Permanent Withdrawal | (19,01,280) | (17,00,000) Total (B) | 5,88,94,847 | 5,10,57,279 (C) Gratuity Fund (PBO & Interest Obligation)| | Opening Balance (PBO & Interest Obligation)| 2,35,50,808 | 1,96,65,771 Add: | | Contribution Received From The Council| 31,08,491 | 28,78,276 Interest on Saving Bank | 72,134 | 10,06,778 Interest on Fixed Deposits | 11,34,120 | | 2,78,65,553 | 2,35,50,825 Less: | | Other Expenses | 0.00 | (17) Total (C) | 2,78,65,553 | 2,35,50,808 (D) Pension Fund (PBO) | | Opening Balance (PBO & Interest Obligation)| 16,88,63,916 | 15,23,26,655 Add: | | Contribution/Provision | 1,32,63,432 | 24,98,106 Interest on Saving Bank | 1,04,29,807 | 85,40,636 Interest on Fixed Deposits | 76,173 | | 19,26,33,328 | 16,33,65,397 Less: | | Reversal of Excess/Shortfall PBO | 1,00,52,785 | 1,22,94,383 Payments to Ex-Staff/ Dependents, Bank Charges & TDS (Last| | Year) | (72,11,344) | (67,95,864) Total (D) | 19,54,74,769 | 16,88,63,916 Grand Total (A+B+C+D) | 61,03,94,089 | 54,73,76,112 SCHEDULE-5 SECURITY DEPOSITS & ADVANCE FEES (Amount in R) | As At | As At | March 31, 2024 | March 31, 2023 | R | R --------------------------------------+----------------+---------------- Security Deposits | 39,91,50,000 | 34,92,50,000 Inspection Fees Received in Advance | 27,29,05,000 | 65,29,05,000 Total | 67,20,55,000 | 1,00,21,55,000 --------------------------------------+----------------+---------------- SCHEDULE-6 CURRENT LIABILITIES & PROVISIONS (A) Current Liabilities Disciplinary Committee Deposit Fees | 33,79,028 | 16,74,028 Advance Fee For Uniform Identification Numbers | 21,65,300 | 19,84,700 Web Portal Registration Fee | 0.00 | 3,09,90,634 Total (A) | 55,44,328 | 3,46,49,362 (B) Security Deposit & Earnest Money | | Security Deposit (AIR Pvt. Ltd.) | 80,00,000 | 80,00,000 Earnest Money (AIR Pvt. Ltd.) | 1,00,000 | 1,00,000 Total (B) | 81,00,000 | 81,00,000 (C) Expenses Payable | | AIBE (STBC) | 19,84,91,200 | 19,84,91,200 Audit Fees Payable | 3,50,500 | 3,50,500 Other Payable | 50,000 | 10,000 Total (C) | 19,88,91,700 | 19,88,51,700 (D) Statutory Dues | | Pension Fund Payable (Acturial) | 99,31,804 | 0.00 Due To Welfare Fund Payable (TDS) | 34,08,317 | 32,74,645 Gratuity Fund Contribution Payable (Acturial) | 31,08,491 | 28,78,276 Provident Fund Shortfall Contribution | 13,68,796 | 12,47,502 Due To Pension Fund (TDS) | 1,33,860 | 42,262 Due To Provident Fund (TDS) | 51,320 | 32,689 TDS Payable | 7,702 | 0.00 Provident Fund Payable | 0.00 | 5,16,612 Total (D) | 1,80,10,289 | 79,91,986 (E) Provisions | | Provision for Leave Encashment | 1,18,21,520 | 1,25,02,577 Total (E) | 1,18,21,520 | 1,25,02,577 Grand Total (A)+(B)+(C)+(D)+(E) | 24,23,67,837 | 26,20,95,625 SCHEDULE – 7 FIXED ASSETS - OWN FUNDS (Amount in R) +-----+----------------------------+-----------------+--------------------------+-----------------------------+--------------------------+--------------------------+ |S.No.| Particulars | Rate of | GROSS BLOCK | DEPRECIATION | NET BLOCK | | | | | Depreciation | | | | | | | | (% P.A.) +--------+--------+--------+--------+--------+-------------+--------+--------+--------+--------------------------+ | | | | As at | Additions | Sale/Deletions/| As at | As at | Depreciation| Adjusted | As at | As at | As at | | | | | 1-4-2023| Before | After | adjustment | 31-3-2024| 1-4-2023| For the year| | 31-3-2024| 31-3-2024| 31-3-2023 | | | | | | 3-10-2023| 3-10-2023| | | | 2023-24 | | | | +-----+----------------------------+-----------------+--------+--------+--------+--------------+----------+---------+-------------+------------+----------+----------+--------------------------+ | 1 | Land | | 42,030 | 0.00 | 0.00 | 0.00 | 42,030 | 0.00 | 0.00 | 0.00 | 0.00 | 42,030.00| 42,030 | | 2 | Building | 10% | 2,07,52,598| 0.00 | 0.00 | 0.00 | 2,07,52,598| 1,80,03,607| 2,74,899 | 0.00 | 1,82,78,506| 24,74,092.16| 27,48,992 | | 3 | Rental -Building Renovation| 10% | 7,68,110| 0.00 | 0.00 | 0.00 | 7,68,110 | 3,77,977| 39,013 | 0.00 | 4,16,991 | 3,51,119.35| 3,90,133 | | 4 | Lift | 15% | 27,40,362| 0.00 | 0.00 | 0.00 | 27,40,362| 22,22,381| 77,697 | 0.00 | 23,00,078| 4,40,283.90| 5,17,981 | | 5 | Furniture & Fixtures | 10% | 70,97,874| 0.00 | 3,83,416| 0.00 | 74,81,290| 42,24,512| 3,06,507 | 0.00 | 45,31,019| 29,50,271.15| 28,73,361 | | 6 | Electrical Fittings | 10% | 11,95,596| 0.00 | 0.00 | 0.00 | 11,95,596| 8,80,503| 31,509 | 0.00 | 9,12,013 | 2,83,583.29| 3,15,093 | | 7 | Office Equipments | 15% | 28,77,082| 22,936 | 0.00 | 0.00 | 29,00,018| 14,13,285| 2,23,010 | 0.00 | 16,36,295| 12,63,723.29| 14,63,799 | | 8 | Air Conditioner/Cooler | 15% | 52,54,576| 0.00 | 0.00 | 0.00 | 52,54,576| 42,28,449| 1,53,919 | 0.00 | 43,82,368| 8,72,208.07| 10,26,128 | | 9 | Refrigerator/Gas | 15% | 34,480 | 0.00 | 0.00 | 0.00 | 34,480 | 32,688 | 269 | 0.00 | 32,957 | 1,522.95 | 1,792 | | 10 | Office Cycles | 15% | 16,006 | 0.00 | 0.00 | 0.00 | 16,006 | 12,720 | 493 | 0.00 | 13,213 | 2,793.21 | 3,286 | | 11 | Books & Publications | 40% | 3,30,591| 11,434.00| 24,987.00| 0.00 | 3,67,012 | 2,79,495| 30,010 | 0.00 | 3,09,504| 57,507.90| 51,094.00 | | 12 | Computers/Laptops | 40% | 96,26,426| 6,05,602| 6,16,980| 0.00 | 1,08,49,008| 77,76,363| 11,05,662 | 0.00 | 88,82,025| 19,66,982.89| 18,50,064 | | 13 | Water Cooler | 15% | 1,10,948| 0.00 | 0.00 | 0.00 | 1,10,948 | 1,02,560| 1,258 | 0.00 | 1,03,818| 7,130.21 | 8,389 | | 14 | Transformer | 15% | 10,69,846| 0.00 | 0.00 | 0.00 | 10,69,846| 10,48,629| 3,183 | 0.00 | 10,51,812| 18,034.29| 21,217 | | 15 | Innova Car | 15% | 60,44,854| 0.00 | 0.00 | 0.00 | 60,44,854| 32,02,515| 4,26,351 | 0.00 | 36,28,866| 24,15,987.87| 28,42,339 | | 16 | Fire Lighting Equipment | 15% | 25,94,475| 0.00 | 0.00 | 0.00 | 25,94,475| 19,08,410| 1,02,910 | 0.00 | 20,11,319| 5,83,155.54| 6,86,065 | | 17 | Cctv/Lcd/Digital Camera | 15% | 9,80,787| 0.00 | 99,940.00| 0.00 | 10,80,727| 4,31,510| 89,887 | 0.00 | 5,21,397 | 5,59,329.63| 5,49,277 | | 18 | Genset | 15% | 10,67,979| 0.00 | 0.00 | 0.00 | 10,67,979| 7,47,465| 48,077 | 0.00 | 7,95,542 | 2,72,436.84| 3,20,515 | | 19 | Gysers | 15% | 0.00 | 9,500.00| 9,500.00| 19,000 | 0.00 | 2,138 | 0.00 | 2,138 | 16,863.50| 0.00 | +-----+----------------------------+-----------------+--------+--------+--------+--------------+----------+---------+-------------+------------+----------+----------+--------------------------+ | | Total (A) | | 6,26,04,620| 6,49,472| 11,34,823| 0.00 | 6,43,88,915| 4,68,93,069| 29,16,791 | 0.00 | 4,98,09,860| 1,45,79,056.05| 1,57,11,555 | | | Previous Year (A) | | 5,97,72,418| 16,98,533| 11,33,669| 6,26,04,620 | 4,39,02,931| 29,90,138 | 0.00 | 4,68,93,068.88| 1,57,11,557| 1,58,69,492 | +-----+----------------------------+-----------------+--------+--------+--------+--------------+----------+---------+-------------+------------+----------+----------+--------------------------+ SCHEDULE – 7A FIXED ASSETS - (GRANT-IN-AID) (Amount in R) +-----+----------------------+-----------------+--------------------------+-----------------------------+--------------------------+--------------------------+ |S.No.| Particulars | Rate of | GROSS BLOCK | DEPRECIATION | NET BLOCK | | | | | Depreciation | | | | | | | | (% P.A.) +--------+--------+--------+--------+--------+-------------+--------+--------+--------+--------------------------+ | | | | As at | Additions | Sale/Deletions/| As at | As at | Depreciation| Adjusted | As at | As at | As at | | | | | 1-4-2023| Before | After | adjustment | 31-3-2024| 1-4-2023| For the year| | 31-3-2024| 31-3-2024| 31-3-2023 | | | | | | 3-10-2023| 3-10-2023| | | | 2023-24 | | | | +-----+----------------------+-----------------+--------+--------+--------+--------------+----------+---------+-------------+------------+----------+----------+--------------------------+ | 1 | Building Renovation | 10% | 2,26,65,982| 0.00 | 0.00 | 0.00 | 2,26,65,982| 1,59,51,631| 6,71,435 | 0.00 | 1,66,23,066| 60,42,915.5| 67,14,351 | | 2 | Furniture & Fittings | 10% | 1,84,625| 0.00 | 0.00 | 0.00 | 1,84,625 | 1,52,094| 3,253 | 0.00 | 1,55,347 | 29,277.6 | 32,531 | | 3 | Air Conditioner Cooler| 15% | 32,95,129| 0.00 | 0.00 | 0.00 | 32,95,129| 27,93,695| 75,215 | 0.00 | 28,68,910| 4,26,219.1| 5,01,434 | | 4 | Books & Publications | 40% | 2,86,904| 0.00 | 0.00 | 0.00 | 2,86,904 | 2,86,904| 0.00 | 0.00 | 2,86,904 | 0.00 | 0.00 | | 5 | Computers | 40% | 9,78,674| 0.00 | 0.00 | 0.00 | 9,78,674 | 9,78,592| 33 | 0.00 | 9,78,625 | 49.2 | 82 | | 6 | Electrical Fitting | 10% | 45,53,841| 0.00 | 0.00 | 0.00 | 45,53,841| 31,96,249| 1,35,759 | 0.00 | 33,32,009| 12,21,834.4| 13,57,592 | +-----+----------------------+-----------------+--------+--------+--------+--------------+----------+---------+-------------+------------+----------+----------+--------------------------+ | | Total (B) | | 3,19,65,155| 0.00 | 0.00 | 0.00 | 3,19,65,155| 2,33,59,166| 8,85,695 | 0.00 | 2,42,44,861| 77,20,295.79| 86,05,989 | | | Previous Year (B) | | 3,19,65,155| 0.00 | 0.00 | 0.00 | 3,19,65,155.00| 2,23,70,126| 9,89,040 | 0.00 | 2,33,59,166.00| 86,05,989| 95,95,029 | +-----+----------------------+-----------------+--------+--------+--------+--------------+----------+---------+-------------+------------+----------+----------+--------------------------+ | | Total (A+B) | | 9,45,69,775| 17,84,295| 0.00 | 9,63,54,070 | 7,02,52,235| 38,02,486 | 0.00 | 7,40,54,721| 2,22,99,351| 2,43,17,544 | | | Previous Year (A+B) | | 9,17,37,573| 28,32,202| 9,45,69,775 | 6,62,73,057| 39,79,178 | 0.00 | 7,02,52,235| 2,43,17,546| 2,54,64,521 | +-----+----------------------+-----------------+--------+--------+--------+--------------+----------+---------+-------------+------------+----------+----------+--------------------------+ SCHEDULE-8 INVESTMENTS (A) Against Earmarked Fund (i) Welfare Fund Investments +-------------------------------------------+----------------+----------------+ | | March 31, 2024 | March 31, 2023 | +-------------------------------------------+----------------+----------------+ | Fixed Deposit with Canara Bank | 7,43,37,187 | 7,02,42,166 | | Fixed Deposit with UCO Bank | 16,49,18,423 | 15,21,07,088 | | Fixed Deposit with Central Bank | 85,58,349 | 80,13,295 | | Fixed Deposit with State Bank of India | 3,18,75,342 | 3,07,52,905 | | Fixed Deposit with Indian Bank | 1,70,06,287 | 1,57,22,231 | | Accrued Interest on FDRS | 2,09,02,035 | 1,57,71,974 | | Balance in UCO Bank-Savings A/C.9363 | 71,37,981 | 80,19,805 | | Cash Balance | 15,000 | 0.00 | | | 32,47,50,604 | 30,06,29,464 | | Add: Amount receivable from BCI (TDS Receivable) | 34,08,317 | 32,74,645 | | (I) | 32,81,58,920 | 30,39,04,109 | +-------------------------------------------+----------------+----------------+ (ii) Provident Fund Investment +-------------------------------------------+----------------+----------------+ | Special Deposit with UCO Bank | 11,90,217 | 11,90,217 | | Fixed Deposit with UCO Bank | 3,82,87,118 | 3,44,76,568 | | Fixed Deposit with Canara Bank | 1,02,41,784 | 96,61,750 | | Accrued Interest on FDRS | 31,90,333 | 18,24,356 | | Balance in UCO Bank-Savings A/C 261025 | 39,77,263 | 17,10,322 | | | 5,68,86,715 | 4,88,63,213 | | Add: Provident Fund Loan | 1,03,308 | (87,445) | | Add: Amount Receivable from BCI (Shortfall in Interest & TDS Receivable) | 14,20,115 | 17,96,803 | | Add: Cash Balance | 4,800 | 4,800 | | Add: Amount Receivable from Welfare Fund | 4,79,908 | 4,79,908 | | (II) | 5,88,94,847 | 5,10,57,279 | +-------------------------------------------+----------------+----------------+ (iii) Gratuity Fund Investment +-------------------------------------------+----------------+----------------+ | Special Deposit with UCO Bank | 3,18,433 | 3,18,433 | | Fixed Deposit with Canara Bank | 20,23,568 | 19,22,872 | | Fixed Deposit with UCO Bank | 1,87,47,853 | 1,55,43,787 | | Accrued Interest on FDRS | 14,41,739 | 6,12,381 | | Balance in UCO Bank-Savings A/C 440 | 22,25,469 | 22,75,059 | | | 2,47,57,062 | 2,06,72,532 | | Add: Amount Receivable from BCI (Acturial and TDS Receivable) | 31,08,491 | 28,78,276 | | (III) | 2,78,65,553 | 2,35,50,808 | +-------------------------------------------+----------------+----------------+ (iv) Pension Fund Investment +-------------------------------------------+----------------+----------------+ | Fixed Deposit with Central Bank | 91,05,958 | 85,26,028 | | Fixed Deposit with Canara Bank | 13,51,78,956 | 12,54,90,673 | | Fixed Deposit with UCO Bank | 2,58,30,475 | 2,55,45,093 | | Accrued interest on FDRS | 94,09,382 | 76,35,078 | | Balance in Canara Bank- Savings A/C. 19116 | 58,84,333 | 17,45,763 | | | 18,54,09,104 | 16,89,42,634 | | Add: Amount Receivable from BCI (Acturial and TDS Receivable) | 1,00,65,665 | (78,718) | | (IV) | 19,54,74,769 | 16,88,63,916 | | Total (A) = [(I)+(II)+(III)+(IV)] | 61,03,94,089 | 54,73,76,112 | +-------------------------------------------+----------------+----------------+ Continue..... (B) Against Earmarked Liabilities (i) For Legal Education (Inspection Fees Received in Advance) +---------------------+----------------+----------------+ | | March 31, 2024 | March 31, 2023 | +---------------------+----------------+----------------+ | Central Bank | 71,76,019 | 67,19,001 | | Canara Bank | 6,86,08,809 | 6,23,35,906 | | UCO Bank | 4,29,87,406 | 4,20,36,353 | | State Bank Of India | 3,93,66,120 | 6,44,59,800 | | Indian Bank | 1,44,37,376 | 1,33,62,573 | | | 17,25,75,730 | 18,89,13,633 | | Add/(Less): Unallocated To Legal Education| | | | FDR Investment (Sch-8)| 28,03,29,270 | 46,39,91,367 | | (I) | 45,29,05,000 | 65,29,05,000 | +---------------------+----------------+----------------+ (ii) For Security Deposit from Law Colleges (Affiliation) +---------------------+----------------+----------------+ | Canara Bank | 20,22,82,684 | 19,11,69,878 | | Central Bank | 1,78,65,417 | 1,67,27,626 | | UCO Bank | 7,86,80,765 | 7,86,80,765 | | State Bank of India | 2,28,70,575 | 2,28,70,575 | | Indian Bank | 2,82,86,429 | 2,77,25,539 | | | 34,99,85,870 | 33,71,74,383 | | Add/(Less): Unallocated to Security Deposit| | | | from Law Colleges (Sch-8)| 4,91,64,130 | 1,20,75,617 | | (II) | 39,91,50,000 | 34,92,50,000 | | Total(B) = [(I)+(II)]| 85,20,55,000 | 1,00,21,55,000 | | Grand Total (A)+(B) | 1,46,24,49,089 | 1,54,95,31,112 | +---------------------+----------------+----------------+ SCHEDULE-9 OTHER INVESTMENTS +-------------------------------------------+----------------+----------------+ | Fixed Deposits with Banks for the Bar Council of India | | | +-------------------------------------------+----------------+----------------+ | Central Bank | 1,11,19,710 | 1,03,99,757 | | Canara Bank | 4,08,70,85,724 | 2,53,43,80,842 | | UCO Bank | 61,01,88,849 | 90,56,66,459 | | State Bank of India | 78,21,69,207 | 72,21,31,614 | | Indian Bank | 5,40,96,569 | 5,29,91,003 | | | 5,54,46,60,059 | 4,22,55,69,675 | | Add/(Less): Transfer to FDR Against Legal Education (Sch-7B) | (4,91,64,130) | (46,39,91,367) | | Add/(Less): Transfer to FDR Against Security Deposit (Sch-7B) | (28,03,29,270) | (1,20,75,617) | | Total | 5,21,51,66,659 | 3,74,95,02,691 | +-------------------------------------------+----------------+----------------+ SCHEDULE – 10 CURRENT ASSETS (Amount in R) | As At | As At | March 31, 2024 | March 31, 2023 --------------------------------------+----------------+---------------- (A) Interest Accrued on Investments | 34,08,54,681 | 29,22,30,984 Total (A) | 34,08,54,681 | 29,22,30,984 (B) Stock of Books at Cost | | (As Certified by the Management) | 4,80,434 | 4,80,434 Total (B) | 4,80,434 | 4,80,434 (C) Cash & Bank Balances | | Cash Balances | 55,485 | 1,80,965 Bank Balances | | FDSR A/c With Scheduled Banks In Different States | 29,76,93,126 | 24,64,44,903 Canara Bank 06816 | 6,24,60,172 | 5,50,15,990 Canara Bank 4273 | 1,09,91,111 | 0.00 Uco Bank -31050 | 1,01,45,696 | 5,81,89,802 Canara Bank -132 | 19,56,296 | 1,09,39,023 Canara Bank 06781 | 9,15,534 | 8,89,457 SBI C/A 32718588024 (AIBE) | 5,96,461 | 5,81,458 HDFC- Noida S.B. A/c. 50100255040680( AIBE) | 5,03,733 | 5,03,699 Canara Bank 24171010000239 Building (Grants) | 2,47,104 | 2,47,104 Canara Bank-31065 (Legal Education) | 1,66,150 | 21,66,150 Canara Bank 24171010000258 (DLE) | 1,28,464 | 1,28,464 Canara Bank 31467(AIBE) | 0.00 | 54,863 Canara Bank -24172010005591 | 42,583 | 30,90,034 Indian Postal | 9,072 | 40 SBI Collection A/C- 32956278428 (AIBE) | 8,053 | 8,702 Total (C ) | 38,59,41,973 | 38,12,63,763 (D) Amount Receivable – | | BCIT Pearl First | 1,71,74,604 | 1,58,50,000 BCIT II | 56,50,307 | 56,50,307 IIULER | 5,450 | 0.00 Advance Salary | 5,86,421 | 4,88,959 From State Bar Councils | 81,314 | 81,314 From RBI | 54,863 | 0.00 Prepaid Expenses | 48,442 | 0.00 From Staff | 21,739 | 21,739 Advance Pension Fund Deposited | 0.00 | 1,20,979 Total (D) | 2,36,23,140 | 2,22,13,298 Grand Total (A)+(B)+(C)+(D) | 75,09,00,228 | 69,61,88,479 SCHEDULE-11 LOANS & ADVANCES (Amount in R) | Year ended | Year ended | March 31, 2024 | March 31, 2023 --------------------------------------------------+----------------+---------------- TDS Receivables | 3,05,80,674 | 1,97,97,615 Advances Recoverable | 1,49,69,206 | 1,09,26,776 Loan to Staff (Housing, Marriage, Education & Others) | 1,19,50,080 | 1,07,19,685 Security Deposit - University | 1,02,00,000 | 1,02,00,000 Advance for demand (FY 2015-16) - Pre deposit Income Tax | 50,26,400 | 50,26,400 Security Deposits For Electricity & Others | 12,30,417 | 12,30,417 Advance Rent- JJJk Trust | 3,60,836 | 3,60,836 Security Deposit - Hostel | 3,15,000 | 3,15,000 Amount Recoverable- JJJK Trust | 69,086 | 69,086 Advance TDS | 0.00 | 9,348 Total | 7,47,01,699 | 5,86,55,164 SCHEDULE-12 ENROLMENT AND OTHER FEES (A) Fees From Advocates +-------------------------------+----------------+----------------+ | | March 31, 2024 | March 31, 2023 | +-------------------------------+----------------+----------------+ | Enrolment Fees | 4,88,65,278 | 4,83,94,408 | | Membership Transfer Fees | 24,55,350 | 28,48,000 | | Resumption of Practice Fees | 2,38,000 | 3,02,825 | | Total (A) | 5,15,58,628 | 5,15,45,233 | +-------------------------------+----------------+----------------+ (B) Other Fees +-------------------------------+----------------+----------------+ | Application Fees For Legal Education Forms | 7,35,60,499 | 5,01,83,278 | | Legal Education Regularistion Fees From Law Colleges | 3,16,50,500 | 3,31,60,000 | | Foreign Examination Test Fees | 42,00,000 | 0.00 | | Disciplinary Proceeding Fees | 8,32,945 | 4,07,430 | | Examination Revision Fees | 3,56,075 | 2,89,625 | | Total (B) | 11,06,00,019 | 8,40,40,333 | | Grand Total (A)+(B) | 16,21,58,647 | 13,55,85,566 | +-------------------------------+----------------+----------------+ SCHEDULE-13 EXAMINATION FEES +------------------------------------+----------------+----------------+ | | March 31, 2024 | March 31, 2023 | +------------------------------------+----------------+----------------+ | All India Bar Examination Fees-XVII| 27,24,96,200 | 0.00 | | All India Bar Examination Fees-XVIII| 22,94,28,700 | 0.00 | | Foreign Examination Test Fees | 0.00 | 48,55,003 | | Total | 50,19,24,900 | 48,55,003 | +------------------------------------+----------------+----------------+ SCHEDULE-14 INTEREST (Amount in R) | Year ended | Year ended | March 31, 2024 | March 31, 2023 --------------------------------------+----------------+---------------- Interest on Fixed Deposits | 30,98,29,981 | 21,98,51,970 Interest on Savings Bank (Enrollment) | 79,56,870 | 55,70,799 Interest on Savings Bank A/c | 26,92,785 | 12,76,960 Interest on Income Tax Refund | 5,82,680 | 6,98,810 Interest on Loans & Advances (Staff) | 4,22,572 | 4,98,404 Total | 32,14,84,889 | 22,78,96,944 SCHEDULE-15 OTHER INCOME +-----------------------------------+----------------+----------------+ | | March 31, 2024 | March 31, 2023 | +-----------------------------------+----------------+----------------+ | Portal Registration charges | 13,50,64,625 | 0.00 | | Souvenir Artciles Advertisement | 4,83,24,000 | 0.00 | | Other Miscellaneous Income | 51,81,428 | 7,83,489 | | Registration Fees | 6,58,000 | 0.00 | | Process Charges | 64,000 | 0.00 | | Balance Written off | 13,133 | 0.00 | | Total | 18,93,05,185 | 7,83,489 | +-----------------------------------+----------------+----------------+ SCHEDULE-16 EMPLOYEE BENEFIT EXPENSES +-------------------------------------------+----------------+----------------+ | | March 31, 2024 | March 31, 2023 | +-------------------------------------------+----------------+----------------+ | Salaries Expenses | 4,59,53,065 | 4,18,63,571 | | Council Contribution to Pension Fund A/C | 2,33,16,217 | 1,47,92,488 | | Council Conribution to Gratuity Fund A/C | 31,08,491 | 28,78,276 | | Leave Encashment | 22,43,061 | 41,14,749 | | Medical Allowance | 20,74,711 | 19,05,727 | | Mediclaim Insurance | 13,74,670 | 11,04,979 | | Council Contribution to Provident Fund A/C| 13,68,796 | 12,38,837 | | Children Education Allowance | 9,71,686 | 9,49,802 | | Assistant Allowance | 9,38,400 | 7,72,990 | | Leave Travel Concession | 5,75,670 | 4,09,129 | | Total | 8,19,24,768 | 7,00,30,548 | +-------------------------------------------+----------------+----------------+ SCHEDULE-17 ESTABLISHMENT & OTHER EXPENSES (Amount in R) | Year ended | Year ended | March 31, 2024 | March 31, 2023 --------------------------------------+----------------+---------------- University Expenses | 1,08,22,974 | 5,21,11,467 Conveyance | 57,39,817 | 18,54,927 Legal & Professional expenses | 37,27,477 | 25,06,521 Water & Electricity | 36,27,195 | 32,17,619 Miscellaneous Expenses | 22,67,542 | 27,88,115 General Repairs & Maintenance | 22,42,450 | 23,50,133 Printing & Stationery | 18,50,480 | 1,05,59,588 Postage, Telegram & Telephone | 14,18,452 | 16,56,156 Inaugural Ceremony | 5,65,484 | 1,15,33,131 Security Charges | 5,38,670 | 6,31,861 Repair & Maintenance | 5,24,688 | 5,67,300 Auditors Remuneration | 3,83,500 | 3,83,500 Advertisement Expenses | 3,71,764 | 17,98,353 Bank Charges | 3,41,555 | 3,62,646 Refreshment | 2,42,419 | 1,97,051 Insurance Premium | 1,94,096 | 1,49,882 Rates & Taxes | 1,72,612 | 1,60,123 Server Maintenance Charges | 60,180 | 0.00 Periodical & Journal | 13,124 | 14,105 Rent | 0.00 | 1,22,23,500 Brokerage | 0.00 | 1,05,000 Trainig Programme - Expenses | 0.00 | 3,82,446 Interest on TDS | 0.00 | 4,950 Promotion of Legal expenses | 0.00 | 14,00,00,000 Total | 3,51,04,478 | 24,55,58,373 SCHEDULE-18 EXPENSES ON COUNCIL'S ACTIVITIES AND MEETINGS (Amount in R) | Year ended | Year ended | March 31, 2024 | March 31, 2023 --------------------------------------+----------------+---------------- (A) Travelling & Meeting Expenditure | | Travelling - Council | 5,62,75,362 | 4,41,98,889 Foreign Travel Expenditure | 2,37,41,580 | 0.00 Meeting Expenses | 1,58,45,653 | 1,14,09,503 Travelling - Disciplinary Committee Meeting | 1,22,73,474 | 1,10,39,290 Travelling - Inspection | 71,51,571 | 1,23,89,042 Travelling Council - Goa | 60,42,623 | 78,92,207 Travelling - Legal Education Meeting | 21,07,046 | 29,26,694 Guest Room Expenditure | 12,63,144 | 6,73,188 Total (A) | 12,47,00,453 | 9,05,28,813 (B) Other Expenses | | Conference, Seminar & Workshop Expenses | 5,75,05,684 | 1,24,49,570 Contribution/ Financial Assistance To State Bar Council | 38,95,850 | 20,00,000 Felicitation Expenses | 18,55,252 | 58,24,899 Subscription To IBA/IIC | 2,97,068 | 3,64,917 Total (B) | 6,35,53,854 | 2,06,39,386 Grand Total (A+B) | 18,82,54,307 | 11,11,68,200 SCHEDULE-19 EXAMINATION EXPENSES +-----------------------------+----------------+----------------+ | | March 31, 2024 | March 31, 2023 | +-----------------------------+----------------+----------------+ | Foreign Examination Expenses| 64,800 | 0.00 | | All India Bar Examination XV| 0.00 | 9,05,45,890 | | Total | 64,800 | 9,05,45,890 | +-----------------------------+----------------+----------------+ SCHEDULE-20 BAR COUNCIL OF INDIA ACCOUNTING POLICIES & NOTES TO ACCOUNTS AS ON MARCH 31, 2024 GENERAL The Bar Council of India (“the Council”) is a Statutory Body created under the Advocates Act, 1961(25 of 1961) by the Parliament of India. Bar Council of India having its object the control, supervision, regulation and encouragement of profession of law and regulation of Legal Education in India as notified by the Central Government of India and its income is utilized for, as per Section 7 of the Advocates Act, 1961 (25 of 1961). The Bar Council of India is registered under Section 12AA of the Income Tax Act, 1961. (A) ACCOUNTING POLICIES 1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS The Financial Statements have been drawn up on historical cost convention and have been prepared in accordance with applicable Accounting Standards issued by the Institute of Chartered Accountants of India and on accrual basis unless otherwise stated. 2. REVENUE RECOGNITION Income & expenditure are recognised on cash basis except the following:- (a) Present benefit obligation and/or interest component pertaining to special funds i.e., Pension Fund, Provident Fund and Gratuity Fund has been credited to the respective Fund Account on accrual basis. (b) Income from Investment: Interest on Fixed Deposit is recognised on a time proportion basis taking into account the amount outstanding and the rate applicable. 3. GRANT-IN-AID (a) Government grants is recognised on a systematic basis in the Income & Expenditure Account over the period necessary to match them with the related costs which they are intended to compensate. Unutilised amount, if any, is treated as liability as at the year end. (b) Government grants related to Specific Fixed Assets are treated as deferred income which is recognised in the account on a systematic and rational basis over the useful life of the assets. 4. FUND The word "fund" has been used to denote the intention to keep the balances invested ultimately. (i) Corpus Fund Corpus Fund represents donations received from Law Colleges and Others and annual surplus/deficit of the Bar Council of India upto 31/03/1999. (ii) Welfare Fund Welfare Fund represents contribution received from Advocates in accordance with the Bar Council of India Rules and the same is utilised for Financial Assistance to Advocates. 5. FIXED ASSETS Fixed Assets are stated at historical cost less accumulated depreciation. For this purpose, cost of acquisition is inclusive of inward freight, duties, taxes and incidental expenses & direct expenses related to acquisition/construction of such assets. 6. DEPRECIATION Depreciation on Fixed Assets is provided on Written Down Value method at the rates prescribed under the Income Tax Rules. 7. INVESTMENTS Investments have been classified as 'long term investments' and are carried at cost since all the investments have been held in Fixed Deposits with Scheduled Banks. 8. RETIREMENT BENEFITS (i) Pension Fund Pension-cum-Family Pension Rules of the Employees of the Bar Council of India, w.e.f. 1-4-2002 has been made applicable to the Employees of the Bar Council of India. Accordingly, the “BCI-Contributory Provident Fund” has been discontinued and in its place Pension Fund has been introduced. The contribution made earlier by Bar Council of India to Contributory Provident Fund along with accrued interest has been transferred to the Pension Fund. Pension fund contribution is made on monthly basis at the rate of 12% of Basic Salary with an additional amount of R 10,000/- P.M. as per Council decision. However, the accrued liabilities as per actuarial valuation under PVC method is determined as per the provision of notified Accounting Standard (Revised)-15 on Employee Benefit the differential provision /reversal is made at the year end. (ii) Gratuity The Bar Council of India has maintained a special fund called “Gratuity Fund". Contribution to this fund is made based on the actuarial valuation as per AS-15 of the ICAI. The fund is administered by the Trustees appointed by the Council. (iii) G.P.F. General Provident Fund Account of the Employees of the Bar Council of India represents the amount of subscription of employees at the applicable rate of the pay together with Voluntary Contribution and accrued interest thereon. (iv) Leave Encashment The provision for unavailed leave is made on accrual basis by considering the Basic Salary plus Dearness Allowances for 30 days in a year subject to a maximum ceiling of 300 days as per BCI Rules/Central Government Rules. Further, provision for this fund is made on the basis of actuarial valuation as per AS-15 of the ICAI. (B) NOTES TO ACCOUNTS The details of contingent liabilities not acknowledged as debts. 1. Contingent Liabilities: +-----+-------------------+------------+----------+----------------+-------------------------+-------------------------+ | S. | Particulars | Financial | Section | Date on which | Demand | Demand | | No. | | Year | Code | demand raised | Outstanding as at 31- | Outstanding as at 31- | | | | | | | 03-2024 | 03-2023 | | | | | | | (R) | (R) | +-----+-------------------+------------+----------+----------------+-------------------------+-------------------------+ | (a) | Income Tax | 2015-16 | 143(3) | 30-12-2018 | 4,16,41,108.00 | 4,16,41,108.00 | | | Authority | | | | | | +-----+-------------------+------------+----------+----------------+-------------------------+-------------------------+ The case is selected for scrutiny under CASS by the Income Tax Department for the FY 2015-16 and the Assessment order of the same was passed on dated 30-12-2018. As per the order No. ITBA/AST/S/143(3)/2018-19/1014662612(1) under Section 143(3) of the Income Tax Act, 1961, a demand of R 4,57,52,460 was raised. The Council has filed appeal against the order to the Commissioner of the Income Tax (Appeals) and Writ Petition against the same is also filed with High Court of Delhi. 2. Provident Fund is recognised under Rule 3(1) of the Part -A of the IVth Schedule of the Income Tax Act, 1961 vide letter No.JP-1(6)/63/3332 dated 25th December, 1965 (order No. 1 of 1965- 66). 3. Balance of Inspection Fees received in Advance from Law Colleges /Institution for R 27,29,05,000/- and Security Deposit from affiliated Institutions of R 39,91,50,000 are represented by Fixed Deposits with Banks of the same amount as stated at Schedule No. 7B of the Balance Sheet. 4. Previous year figures have been regrouped/reclassified wherever considered necessary. Schedule 1 to 20 form an Integral Part of the accounts. As Per our report of even date annexed with Balance Sheet For and on behalf of Bar Council of India For G. K. Kedia & Co. Chartered Accountants Firm Reg. No. 013016N Sd- Vice Chairman Sd- Secretary Sd- Senior OS Accounts Department Sd- Partner M. No. 544129 SRIMANTO SEN, Principal Secy. [ADVT.-III/4/Exty./50/2025-26] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. GORAKHA NATH YADAVA Digitally signed by GORAKHA NATH YADAVA Date: 2025.05.08 16:05:38 +05'30'