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Core Purpose

Notification by the Bar Council of India amending Rule 15(i) and 15(iii), Chapter V, Part II of its Rules, governing investment of the Council's funds.

Detailed Summary

By Notification No. BCI:D:4367/2024 dated 24th August 2024, the Bar Council of India, pursuant to Resolution under Item No. 230(A)/2022 dated 21.08.2022 and after detailed discussion, deliberation and the opinion of Chartered Accountants, resolved to amend Rule 15(i) and 15(iii), Chapter V, Part II of the Rules of the Bar Council of India; as amended, Rule 15 provides that the funds of the Bar Council of India may be invested (i) in the State Bank of India or other nationalized banks and/or in Scheduled Commercial Public Sector and/or Private Sector Banks in India as the Bar Council of India may decide, (ii) in any securities specified in Section 20 of the Indian Trusts Act, 1882, as the Council may decide, and (iii) in Fixed Deposits with Government Companies as defined in the Companies Act, 2013, as amended from time to time. The notification was signed by Srimanto Sen, Secretary [ADVT.-III/4/Exty./478/2024-25].

Full Text

EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY Hkkjrh; fofèkK ifj"kn~ vf/klwpuk ubZ fnYyh] 24 vxLr] 2024 la- ch-lh-vkbZ-%Mh% 4367@2024& en la[;k 230¼,½@2022 fnaukd 21-08-2022 ds }kjk fy;k x;k ladYiA pkVZsM vdkmaVsaV~l dh foLr`r ppkZ] fopkj&foe'kZ vkSj jk; ds ckn Hkkjrh; fofèkK ifj"kn~ ds fu;eksa ds fu;e &15 (i) o 15 (iii)] v/;k;& V] Hkkx& II esa la'kks/ku djus dk fu.kZ; fy;k x;k gSA fu;e &15 (i) o 15 (iii)] v/;k;& V] Hkkx& II esa la'kks/ku lfgr la'kksf/kr fu;e&15 bl çdkj i<k tk;sxkA % & 15- Hkkjrh; fofèkK ifj"kn~ dh fuf/k;ksa dk fuos'k fuEukuqlkj fd;k tk ldrk gS%& (i) Hkkjrh; LVsV cSad ;k ,sls vU; jk’Vªh;d`r cSad vkSj@;k Hkkjr esa vuqlwfpr okf.kfT;d lkoZtfud {ks= vkSj@;k futh {ks= ds cSadksa esa] tSlk fd Hkkjrh; fofèkK ifj"kn~ fu.kZ; ys ldrh gSA (ii) Hkkjrh; VªLV vf/kfu;e] 1882 dh /kkjk&20 esa fofufnZ"V fdlh Hkh çfrHkwfr esa] tSlk fd Hkkjrh; fofèkK ifj"kn~ fu.kZ; ysA (iii) daiuh vf/kfu;e] 2013 vkSj tSlk Hkh le; le; ij la'kksf/kr vf/kfu;e esa ifjHkkf’kr ljdkjh daifu;ksa ds lkof/k tek esaA Jhearks lsu] lfpo No. 708] NEW DELHI, TUES DAY , SEPTEMBER 10, 2024/BHADRA 19, 1946 CG-DL-E-10092024-257048 BAR COUNCIL OF INDIA NOTIFICATION New Delhi, the 24th August , 2024 No. BCI:D: 4367/2024 Resolution under Item No. 230(A)/2022 dated 21.08.2022. After detailed discussion, deliberation and opinion of the Chartered Accountants resolves to amend the Rule - 15 (i) & 15 (iii) , Chapter -V, Part -II of the Rules of the Bar Council of India. The amended Rule -15 inclusive of amendment to Rule -15 (i) & 15 (iii), Chapter -V, Part -II will now read as follows: - 15. The funds of the Bar Council of India may be invested as follows: - (i) In the State Bank of India or such other nationalized bank and/or in Scheduled Commercial Public Sector and/or Private Sector Banks in India, as the Bar C ouncil of India may decide; (ii) In any of the securities specified in Section -20 of the Indian Trusts Act, 1882, as the Council may decide; (iii) In Fixed Deposits with Government Companies as d efined in the Companies Act, 2013 and as maybe amended from time to time. SRIMANTO SEN , Secy. [ADVT. -III/4/Exty./ 478/2024 -25] 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.

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