We have audited the accompanying Financial Statements of the BAR COUNCIL OF INDIA the Council, as at March 31, 2023, which comprise the Balance Sheet and Income and Expenditure Account

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-22052024-254316 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 357] NEW DELHI, FRIDAY, MAY 17, 2024/VAISAKHA 27, 1946 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III-SEC.4] BAR COUNCIL OF INDIA NOTIFICATION New Delhi, the 16th May, 2024 (INDEPENDENT AUDITOR'S REPORT) (TO THE MEMBERS OF THE BAR COUNCIL OF INDIA) New Delhi, Date 30 October 2023 BCI:D:2411/2024-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, 2023, 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, 2023. 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, 2023 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, 2023 vide Note No.8 B(1) as Contingent Liabilities. For G. K. Kedia & Co. Chartered Accountants F.R.No.: 013016N Place: New Delhi Date: 30th October, 2023 M. No. 544129 Sd/- Partner UDIN: 22544129ATTZDS7559 BALANCE SHEET (As at 31st March, 2023) +-----------------------------------+----------+--------------------+--------------------+ | PARTICULARS | Schedule | As At | As At | | | No. | March 31, 2023 | March 31, 2022 | | | | R | R | +===================================+==========+====================+====================+ | SOURCES OF FUNDS: | | | | | Capital Fund | | | | | - Corpus Fund | 1 | 1,07,30,445 | 1,07,30,445 | | - Reserves & Surplus | 2 | 4,24,56,48,066 | 3,69,87,44,562 | | - Assets Fund (Graint-In-Aid) | 3 | 81,89,744 | 91,78,785 | | Earmarked Funds | 4 | 54,73,76,112 | 48,91,51,385 | | Non Current Liabilities | | | | | - Long Term Liabilities | | 20,00,000 | 20,00,000 | | -Security Deposits from Affiliated Institutions | | 34,92,50,000 | 32,16,00,000 | | Current Liabilities | | | | | -Inspection Fees Received in Advance | | 65,29,05,000 | 65,29,05,000 | | -Current Liabilities & Provisions | 5 | 26,20,95,625 | 25,52,58,180 | +-----------------------------------+----------+--------------------+--------------------+ | TOTAL | | 6,07,81,94,992 | 5,43,95,68,357 | +-----------------------------------+----------+--------------------+--------------------+ | APPLICATION OF FUNDS: | | | | | Non Current Assets | | | | | Fixed Assets | 6 | 2,43,17,546 | 2,54,64,520 | | Earmarked Investments | 7 | 1,54,95,31,112 | 1,46,36,56,385 | | Other Investments | 8 | 3,74,95,02,691 | 3,34,81,76,215 | | Current Assets | | | | | Current Assets | 9 | 69,61,88,479 | 50,10,28,087 | +-----------------------------------+----------+--------------------+--------------------+ Loans & Advances 10 5,86,55,164 10,12,43,151 TOTAL 6,07,81,94,992 5,43,95,68,357 Accounting Policies and Notes to Accounts 19 SCHEDULES 1 TO 19 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 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: 30th October, 2023 INCOME & EXPENDITURE ACCOUNT (For The Year Ended March 31, 2023) +-----------------------------+----------+--------------------+--------------------+ | PARTICULARS | Schedule | As At | As At | | | No. | March 31, 2023 | March 31, 2022 | | | | R | R | +=============================+==========+====================+====================+ | INCOME | | | | | Fees: | | | | | Enrollment and other Fees | 11 | 13,55,85,566 | 10,74,04,827 | | Examination Fees | 12 | 48,55,003 | 21,07,69,626 | | Inspection Fees | | 69,80,75,650 | 60,52,72,011 | | Interest | 13 | 22,78,96,944 | 20,27,09,321 | | Other Income | 14 | 7,83,489 | 6,88,352 | +-----------------------------+----------+--------------------+--------------------+ | | | 1,06,71,96,653 | 1,12,68,44,137 | +-----------------------------+----------+--------------------+--------------------+ | EXPENDITURE: | | | | | Employee Benefit Expenses | 15 | 7,00,30,548 | 5,81,03,525 | | Establishment and Other Expenses | 16 | 24,55,58,373 | 21,27,83,000 | | Expenses on Council's Activities & Meetings | 17 | 11,11,68,200 | 5,90,32,256 | | Examination Expenses | 18 | 9,05,45,890 | 3,68,95,130 | | Depreciation | 6 | 29,90,138 | 29,86,448 | +-----------------------------+----------+--------------------+--------------------+ | | | 52,02,93,149 | 36,98,00,360 | +-----------------------------+----------+--------------------+--------------------+ Surplus/ (Deficit) During the year 54,69,03,503 75,70,43,777 Transferred To Reserves & Surplus Accounting Policies and Notes to Accounts 19 SCHEDULES 1 TO 19 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: 30th October, 2023 RECEIPT AND PAYMENT ACCOUNT (As at 31st March, 2023) +------------------------------------------+--------------------+------------------------------------------+--------------------+ | Receipts | Amount (R) | Payments | Amount (R) | +==========================================+====================+==========================================+====================+ | Opening Balance: | | Investment in Fixed Deposits | 50,67,00,000.00 | | Cash in Hand | 1,83,703.58 | Security Deposit | 1,05,15,000.00 | | Cash at Bank | 26,19,64,255.32 | Pension Fund Investment | 90,00,000.00 | | | | Provident Fund Investment | 63,45,120.00 | | | | Purchase of Fixed Assets | 28,32,202.00 | | Fixed Deposit Matured | 20,54,14,053.98 | Gratuity Fund Investment | 17,94,144.00 | | Loans and Advances | 4,47,09,453.00 | Sundry Creditors | 11,65,881.00 | | Security Deposit | 2,76,50,000.00 | | | | TDS Receivable | 79,12,908.83 | Direct Expenses | | | Web Portal Registration Fees | 26,85,348.00 | Legal Education Promotion | 14,00,00,000.00 | | Uniform Identity Number | 73,200.00 | All India Bar Exam Fees | 9,05,45,890.00 | | | | Travelling | 6,91,18,325.15 | | Direct Income | | Expenses (IIULER Goa) | 5,21,01,467.00 | | Inspection Fees | 69,80,75,650.40 | Salary | 3,48,35,491.00 | | LE Forms- Application Fees | 5,01,83,278.40 | Seminar & Conference | 1,24,49,570.00 | | Enrolment Fees | 4,83,94,408.00 | Rent - IIULER | 1,22,23,500.00 | | LE Regularisation Fees From Law Colleges | 3,31,60,000.00 | Inaugural Ceremony | 1,15,33,131.00 | | Foreign Examination Test Fees | 48,55,003.00 | Meeting Expenses | 1,11,01,091.00 | | Membership Transfer Fees | 28,48,000.00 | Printing & Stationery | 1,05,59,588.00 | | Disciplinary Proceeding Fees | 4,07,430.00 | | | | Resumption of Practice Fees | 3,02,825.00 | | | +------------------------------------------+--------------------+------------------------------------------+--------------------+ +------------------------------------------+--------------------+------------------------------------------+--------------------+ | Interest & Other Receipts | | Indirect Expense | | +==========================================+====================+==========================================+====================+ | Interest on State Bar Council Banks | 55,70,892.00 | Felicitation Expenses | 58,24,899.00 | | Interest Accrued | 28,64,599.14 | Water & Electricity | 32,17,619.00 | | Interest on Saving Bank A/C | 12,76,876.00 | Repair & Maintenance | 29,17,433.00 | | Interest on Income Tax Refund | 6,98,810.17 | Miscellaneous Expenses | 26,15,222.77 | | Miscellaneous Income | 6,40,531.00 | Pension Fund Contribution A/C | 24,98,106.00 | | Interest on FDR | 3,60,123.88 | Contribution | 20,00,000.00 | | Revision Fees | 2,89,125.00 | Conveyance | 18,54,927.00 | | Journal Subscription (BCIT Pearl First) | 64,800.00 | Advertisement & Gazette Notification | 17,98,353.00 | | Application Fees Recruitment | 55,000.00 | Leave Encashment | 17,12,230.00 | | L.E. Rules | 16,750.00 | Court Proceedings | 16,77,849.00 | | RTI Fees | 6,108.00 | Medical Allowance | 15,10,736.00 | | BCI Rules | 300.00 | Insurance | 12,54,880.95 | | | | Postage & Telegram | 12,15,887.00 | | | | Children Education Allowance | 9,49,802.00 | | | | Professional Charges | 8,22,672.00 | | | | Assistance Allowance | 7,72,990.00 | | | | Guest Room Expenditure | 6,73,188.00 | | | | Security Charges | 6,31,861.00 | | | | Telephone Expenses | 4,37,269.88 | | | | Leave Travel Concession | 4,09,129.00 | | | | Training Programme | 3,82,446.00 | | | | Bank Charges | 3,62,656.65 | | | | Subscription to IIC | 2,12,400.00 | | | | Refreshment | 1,97,051.00 | | | | Municipal Tax | 1,60,123.00 | | | | Subscription to IB A | 1,52,517.37 | | | | Miscellaneous Expenses- IIULER | 1,20,964.00 | | | | Brokerage Charges | 1,05,000.00 | | | | Deposit Fees | 50,000.00 | | | | Garden Expenses | 22,000.00 | | | | Periodicals & Journal | 14,105.00 | | | | Interest on TDS | 4,950.00 | | | | Closing Balance: | | | | | Cash In Hand | 1,80,965.20 | | | | Cash At Bank | 38,10,82,799.73 | +------------------------------------------+--------------------+------------------------------------------+--------------------+ | Total Receipt | 1,40,06,63,432.70 | Total Payment | 1,40,06,63,432.70 | +------------------------------------------+--------------------+------------------------------------------+--------------------+ For and on behalf of the Bar Council of India As per our report of even date annexed with Audit Report in Form-10B 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: 30th October, 2023 SCHEDULE-1 CAPITAL FUND +-------------------------------------+--------------------+--------------------+ | | As At | As At | | | March 31, 2023 | March 31, 2022 | | | R | R | +=====================================+====================+====================+ | 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 +-------------------------------------+--------------------+--------------------+ | | As At | As At | | | March 31, 2023 | March 31, 2022 | | | R | R | +=====================================+====================+====================+ | Opening Surplus as Per Last Balance Sheet | 1,01,83,87,433 | 86,30,77,058 | | Add: Surplus for the year as per Income & Expenditure A/c | 54,69,03,503 | 75,70,43,777 | | Add: Transfer from Special Fund during the year | 13,78,15,654 | 18,52,66,597 | | Less: Transfer to Special Fund, Form 10 filed during the year | (56,00,00,000) | (78,70,00,000) | | Less : Transfer to Special Fund (Balance of Last Year) | 0.00 | 0.00 | +-------------------------------------+--------------------+--------------------+ | Total (A) | 1,14,31,06,590 | 1,01,83,87,433 | +-------------------------------------+--------------------+--------------------+ | Special Fund | | | | Opening Balance | 2,68,03,57,130 | 2,07,86,23,727 | | Add: Received During the Year, transferred from Reserve & Surplus | 56,00,00,000 | 78,70,00,000 | | Add: Balance of Last Year | 0.00 | 0.00 | | Less: Amount utilised during the year, transferred to Reserve & Surplus | (13,78,15,654) | (18,52,66,597) | +-------------------------------------+--------------------+--------------------+ | Total (B) | 3,10,25,41,476 | 2,68,03,57,130 | +-------------------------------------+--------------------+--------------------+ | Total (A+B) | 4,24,56,48,066 | 3,69,87,44,562 | +-------------------------------------+--------------------+--------------------+ SCHEDULE-3 ASSETS FUND (GRANTS-IN-AID) +-------------------------------------+--------------------+--------------------+ | | | | +=====================================+====================+====================+ | Balance as on 1-4-2022 | 91,78,785 | 1,02,83,532 | | Less: Amount of Depreciation for the Year | | | | Transfer to Income & Expenditure A/c | (9,89,040) | (11,04,747) | +-------------------------------------+--------------------+--------------------+ | Total | 81,89,744 | 91,78,785 | +-------------------------------------+--------------------+--------------------+ SCHEDULE-4 EARMARKED FUNDS +-----------------------------------------+--------------------+--------------------+ | | As At | As At | | | March 31, 2023 | March 31, 2022 | | | R | R | +=========================================+====================+====================+ | (A) Welfare Fund | | | | As Per Last Balance Sheet | 27,33,46,360 | 25,29,04,596 | | Add: | | | | Contribution from State Bar Council | 1,98,12,222 | 1,39,05,843 | | Interest on FDR | 1,37,70,290 | 1,36,54,712 | | Interest on Savings Bank A/c | 3,78,522 | 2,54,091 | | | 30,73,07,395 | 28,07,19,242 | | Less: | | | | Assistance to Advocates | (38,83,000) | (73,72,411) | | Bank Charges | (195) | (470) | | Due to BCI — Provident Fund | 4,79,908 | 0.00 | +-----------------------------------------+--------------------+--------------------+ | Total (A) | 30,39,04,108 | 27,33,46,360 | +-----------------------------------------+--------------------+--------------------+ | (B) Provident Fund | | | | Member's Balance | | | | As Per Last Balance Sheet | 4,38,12,598 | 3,83,59,494 | | Add: | | | | Employees Compulsory Subscription | 26,05,818 | 26,15,871 | | Employees Voluntary Subscription | 27,24,750 | 19,65,000 | | Interest Allocated | 23,75,276 | 21,05,914 | | Shortfall in PF Interest Contribution | 12,38,837 | 8,10,517 | | | 5,27,57,279 | 4,58,56,796 | | Less: Settlement/Withdrawl | | | | Permanent Withdrawl | (17,00,000) | (20,43,608) | | Bank Charges | 0.00 | (590) | +-----------------------------------------+--------------------+--------------------+ | Total (B) | 5,10,57,279 | 4,38,12,598 | +-----------------------------------------+--------------------+--------------------+ | (C) Gratuity Fund (PBO & Interest Obligation) | | | | As Per Last Balance Sheet (PBO & Interest Obligation) | 1,96,65,771 | 1,72,35,730 | | Add: Contribution Received from The Council | 28,78,276 | 26,39,722 | | Add: Interest Received | 10,06,778 | 9,21,082 | | | 2,35,50,825 | 2,07,96,534 | | Less: Gratuity Paid To Staff | 0.00 | (11,30,744) | | Less: Other Expenses | (17) | (19) | +-----------------------------------------+--------------------+--------------------+ | Total (C) | 2,35,50,808 | 1,96,65,771 | +-----------------------------------------+--------------------+--------------------+ | (D) Pension Fund (PBO) | | | | As Per Last Balance Sheet | 15,23,26,655 | 13,92,25,202 | | Add: Contribution/Provision | 24,98,106 | 1,54,70,150 | | Add: Interest Earned | 85,40,636 | 73,86,079 | | | 16,33,65,397 | 16,20,81,432 | | Less: Reversal of Excess/Shortfall PBO | 1,22,94,383 | (38,06,325) | | Less: Payments To Ex-Staff / Dependents, Bank Charges & TDS (Last Year) | (67,95,864) | (59,48,452) | +-----------------------------------------+--------------------+--------------------+ | Total (D) | 16,88,63,916 | 15,23,26,655 | +-----------------------------------------+--------------------+--------------------+ | Grand Total (A+B+C+D) | 54,73,76,112 | 48,91,51,385 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-5 CURRENT LIABILITIES & PROVISIONS +-----------------------------------------+--------------------+--------------------+ | | As At | As At | | | March 31, 2023 | March 31, 2022 | | | R | R | +=========================================+====================+====================+ | (A) Current Liabilities | | | | Advance Fees for Uniform Identification Numbers | 19,84,700 | 19,11,500 | | Web Portal Registration Fees | 3,09,90,634 | 2,83,05,286 | | Disciplinary Committee Deposit Fees | 16,74,028 | 17,24,028 | +-----------------------------------------+--------------------+--------------------+ | Total (A) | 3,46,49,362 | 3,19,40,814 | +-----------------------------------------+--------------------+--------------------+ | (B) Security Deposit & Earnest Money | | | | Earnest Money (AIR Pvt. Ltd.) | 1,00,000 | 1,00,000 | | Security Deposit (AIR Pvt. Ltd.) | 80,00,000 | 80,00,000 | +-----------------------------------------+--------------------+--------------------+ | Total (B) | 81,00,000 | 81,00,000 | +-----------------------------------------+--------------------+--------------------+ | (C) Expenses Payable | | | | Sundry Creditors -AIBE (STBC) | 19,84,91,200 | 19,93,69,581 | | Audit Fees Payable | 3,50,500 | 2,97,000 | | Other Payable | 10,000 | 0.00 | +-----------------------------------------+--------------------+--------------------+ | Total (C) | 19,88,51,700 | 19,96,66,581 | +-----------------------------------------+--------------------+--------------------+ | (D) Statutory Dues | | | | Gratuity Fund Contribution Payable | 28,78,276 | 17,94,144 | | Provident Fund Payable | 5,16,612 | 0.00 | | Provident Fund Shortfall Contribution | 12,47,502 | 8,19,376 | | Due To Welfare Fund | 32,74,645 | 24,45,970 | | Due To Pension Fund | 42,262 | 3,57,738 | | Due To Provident Fund | 32,689 | 0.00 | | TDS Payable | 0.00 | 33,500 | +-----------------------------------------+--------------------+--------------------+ | Total (D) | 79,91,986 | 54,50,728 | +-----------------------------------------+--------------------+--------------------+ | (E) Provisions | | | | Provision for Leave Encashment | 1,25,02,577 | 1,01,00,058 | +-----------------------------------------+--------------------+--------------------+ | Total (E) | 1,25,02,577 | 1,01,00,058 | +-----------------------------------------+--------------------+--------------------+ | Grand Total (A)+(B)+(C)+(D)+(E ) | 26,20,95,625 | 25,52,58,180 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE - 6 FIXED ASSETS - OWN FUNDS (Amount in R) +------+-------------------------+------------+-------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+------------------+ | S.No.| Particulars | Rate of | As at | Additions | | Sale/Deletions/ | As at | As at | Depreciation | Depreciated | As at | NET BLOCK | | | | Depreciation| 1-4-2022 | Before | After | adjustment | 31-3-2023 | 1-4-2022 | For the year | Adjusted | 31-3-2023 | | | | | (% P.A.) | | 3-10-2022 | 3-10-2022 | | | | 2022-23 | | | As at | | | | | | | | | | | | | | 31-3-2023 | | | | | | | | | | | | | | (9) = (4) - (8) | | | | | | | | | | | | | | As at | | | | | | | | | | | | | | 31-3-2022 | | | | | | | | | | | | | | (10) | | | | | | | | | | | | | | (1)-(5) | +======+=========================+============+=============+=================+=================+=================+=================+=================+=================+=================+=================+==================+ | | | | (1) | (2) | (3) | (4) = (1) + (2)- (3) | (5) | (6) | (7) | (8)= (5) + (6)-(7) | (9) = (4) - (8) | (1)-(5) | +======+=========================+============+=============+=================+=================+=================+=================+=================+=================+=================+=================+==================+ | 1 | Land | | 42,030 | 0.00 | 0.00 | 0.00 | 42,030 | 0.00 | 0.00 | 0.00 | 0.00 | 42,030.0 | 42,030 | | 2 | Building | 10% | 2,07,52,598 | 0.00 | 0.00 | 0.00 | 2,07,52,598 | 1,76,98,163 | 3,05,443 | 0.00 | 1,80,03,607 | 27,48,991.3 | 30,54,435 | | 3 | Rental -Building Renovation | 10% | 7,68,110 | 0.00 | 0.00 | 0.00 | 7,68,110 | 3,34,629 | 43,348 | 0.00 | 3,77,977 | 3,90,132.6 | 4,33,481 | | 4 | Lift | 15% | 27,40,362 | 0.00 | 0.00 | 0.00 | 27,40,362 | 21,30,973 | 91,408 | 0.00 | 22,22,381 | 5,17,981.1 | 6,09,389 | | 5 | Furniture & Fixtures | 10% | 68,45,014 | 1,41,600.00 | 1,11,260 | 0.00 | 70,97,874 | 39,11,430 | 3,13,081 | 0.00 | 42,24,512 | 28,73,362.2 | 29,33,584 | | 6 | Electrical Fittings | 10% | 11,95,596 | 0.00 | 0.00 | 0.00 | 11,95,596 | 8,45,493 | 35,010 | 0.00 | 8,80,503 | 3,15,092.5 | 3,50,105 | | 7 | Office Equipments | 15% | 24,48,047 | 2,10,595 | 2,18,440 | 0.00 | 28,77,082 | 11,74,242 | 2,39,043 | 0.00 | 14,13,285 | 14,63,797.3 | 12,73,806 | | 8 | Air Conditioner / Cooler | 15% | 51,70,576 | 84,000.00 | 0.00 | 0.00 | 52,54,576 | 40,47,368 | 1,81,081 | 0.00 | 42,28,449 | 10,26,127.1 | 11,23,210 | | 9 | Refrigerator / Gas | 15% | 34,480 | 0.00 | 0.00 | 0.00 | 34,480 | 32,372 | 316 | 0.00 | 32,688 | 1,791.7 | 2,108 | | 10 | Office Cycles | 15% | 16,006 | 0.00 | 0.00 | 0.00 | 16,006 | 12,140 | 580 | 0.00 | 12,720 | 3,286.1 | 3,866 | | 11 | Books & Publications | 40% | 2,85,326 | 31,005.00 | 14,260.00 | 0.00 | 3,30,591 | 2,50,184 | 29,311 | 0.00 | 2,79,495 | 51,096.5 | 35,14.50 | | 12 | Computers / Laptops | 40% | 83,21,358 | 5,15,359 | 7,89,709 | 0.00 | 96,26,426 | 68,06,224 | 9,70,139 | 0.00 | 77,76,363 | 18,50,062.8 | 15,15,134 | | 13 | Water Cooler | 15% | 1,10,948 | 0.00 | 0.00 | 0.00 | 1,10,948 | 1,01,079 | 1,480 | 0.00 | 1,02,560 | 8,388.5 | 9,869 | | 14 | Transformer | 15% | 10,69,846 | 0.00 | 0.00 | 0.00 | 10,69,846 | 10,44,885 | 3,744 | 0.00 | 10,48,629 | 21,216.8 | 24,961 | | 15 | Innova Car | 15% | 60,44,854 | 0.00 | 0.00 | 0.00 | 60,44,854 | 27,00,926 | 5,01,589 | 0.00 | 32,02,515 | 28,42,338.7 | 33,43,928 | | 16 | Fire Lighting Equipment | 15% | 19,34,501 | 6,59,974.00 | 0.00 | 0.00 | 25,94,475 | 17,87,339 | 1,21,070 | 0.00 | 19,08,410 | 6,86,065.3 | 1,47,162 | | 17 | CCTV/LCD/Digital Camera | 15% | 9,24,787 | 56,000 | 0.00 | 0.00 | 9,80,787 | 3,34,579 | 96,931 | 0.00 | 4,31,510 | 5,49,276.6 | 5,90,208 | | 18 | Genset | 15% | 10,67,979 | 0.00 | 0.00 | 0.00 | 10,67,979 | 6,90,904 | 56,561 | 0.00 | 7,47,465 | 3,20,513.9 | 3,77,075 | +======+=========================+============+=============+=================+=================+=================+=================+=================+=================+=================+=================+==================+ | Total (A) | 5,97,72,418 | 16,98,533 | 11,33,669 | 0.00 | 6,26,04,620 | 4,39,02,931 | 29,90,138 | 0.00 | 4,68,93,069 | 1,57,11,557.12 | 1,58,69,492 | | Previous Year (A) | 5,45,86,492 | 41,39,092 | 10,46,834 | 0.00 | 5,97,72,418 | 4,09,16,482 | 29,86,448 | 0.00 | 4,39,02,930.55 | 1,58,69,491 | 1,36,70,014 | +-------------------------+-------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+------------------+ SCHEDULE - 6A FIXED ASSETS - (GRANT-IN-AID) (Amount in R) +------+-------------------------+------------+-------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+------------------+ | S.No.| Particulars | Rate of | As at | Additions | | Sale/Deletions/ | As at | As at | Depreciation | Depreciated | As at | NET BLOCK | | | | Depreciation| 1-4-2022 | Before | After | adjustment | 31-3-2023 | 01-04-2022 | For the year | Adjusted | 31-3-2023 | | | | | (% P.A.) | | 3-10-2022 | 3-10-2022 | (3) | | | 2022-23 | | | As at | | | | | | | | | | | | | | 31-3-2023 | | | | | | | | | | | | | | (9) = (4) - (8) | | | | | | | | | | | | | | As at | | | | | | | | | | | | | | 31-3-2022 | | | | | | | | | | | | | | (10) | | | | | | | | | | | | | | (1)-(5) | +======+=========================+============+=============+=================+=================+=================+=================+=================+=================+=================+=================+==================+ | | | | (1) | (2) | (3) | (4) = (1) + (2)-(3) | (5) | (6) | (7) | (8)= (5) + (6)-(7) | (9) = (4) - (8) | (1)-(5) | +======+=========================+============+=============+=================+=================+=================+=================+=================+=================+=================+=================+==================+ | 1 | Building Renovation | 10% | 2,26,65,982 | 0.00 | 0.00 | 0.00 | 2,26,65,982 | 1,52,05,592 | 7,46,039 | 0.00 | 1,59,51,631 | 67,14,350.6 | 74,60,390 | | 2 | Furniture & Fittings | 10% | 1,84,625 | 0.00 | 0.00 | 0.00 | 1,84,625 | 1,48,480 | 3,615 | 0.00 | 1,52,094 | 32,530.6 | 36,145 | | 3 | Air Conditioner/Cooler | 15% | 32,95,129 | 0.00 | 0.00 | 0.00 | 32,95,129 | 27,05,206 | 88,488 | 0.00 | 27,93,695 | 5,01,434.2 | 5,89,923 | | 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 | | 5 | Computers | 40% | 9,78,674 | 0.00 | 0.00 | 0.00 | 9,78,674 | 9,78,537 | 55 | 0.00 | 9,78,592 | 82.0 | 137 | | 6 | Electrical Fitting | 10% | 45,53,841 | 0.00 | 0.00 | 0.00 | 45,53,841 | 30,45,406 | 1,50,844 | 0.00 | 31,96,249 | 13,57,591.5 | 15,08,435 | +======+=========================+============+=============+=================+=================+=================+=================+=================+=================+=================+=================+==================+ | Total (B) | 3,19,65,155 | 0.00 | 0.00 | 0.00 | 3,19,65,155 | 2,23,70,126 | 9,89,040 | 0.00 | 2,33,59,166 | 86,05,989.00 | 95,95,029 | | Previous Year (B) | 3,19,65,155 | 0.00 | 0.00 | 0.00 | 3,19,65,155.00 | 2,12,65,379 | 11,04,747 | 0.00 | 2,23,70,125.95 | 95,95,029 | 1,06,99,776 | +-------------------------+-------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+------------------+ | Total (A+B) | 9,17,37,573 | 0.00 | 28,32,202 | 0.00 | 9,45,69,775 | 6,62,73,057 | 39,79,178 | 0.00 | | 2,43,17,546 | 2,54,64,521 | | Previous Year (A+B) | 8,65,51,647 | 0.00 | 69,71,294 | | 9,17,37,573 | 6,21,81,861 | 40,91,196 | 0.00 | 6,62,73,057 | 2,54,64,520 | 2,43,69,791 | +-------------------------+-------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+-----------------+------------------+ SCHEDULE-7 INVESTMENTS +-----------------------------------------+--------------------+--------------------+ | | As At | As At | | | March 31, 2023 | March 31, 2022 | | | R | R | +=========================================+====================+====================+ | (A) Against Earmarked Fund | | | | Welfare Fund Investments | | | | Fixed Deposit with Canara Bank | 7,02,42,166 | 6,67,11,233 | | Fixed Deposit with UCO Bank | 15,21,07,088 | 13,22,61,930 | | Fixed Deposit with Central Bank | 80,13,295 | 76,62,223 | | Fixed Deposit with State Bank of India | 3,07,52,905 | 2,66,87,688 | | Fixed Deposit with Indian Bank | 1,57,22,231 | 1,54,60,704 | | Accrued Interest on FDRs | 1,57,71,974 | 1,18,84,265 | | Balance in UCO Bank-Savings A/C No. 9363 | 80,19,805 | 1,02,32,348 | | | 30,06,29,464 | 27,09,00,391 | | Add: Amount receivable from Sundry Debtors | 32,74,645 | 24,45,970 | | (I) | 30,39,04,109 | 27,33,46,361 | +-----------------------------------------+--------------------+--------------------+ | Provident Fund Investment | | | | Special Deposit with UCO Bank | 11,90,217 | 11,90,217 | | Fixed Deposit with UCO Bank | 3,44,76,568 | 2,68,93,028 | | Fixed Deposit with Canara Bank | 96,61,750 | 91,80,189 | | Accrued Interest on FDRs | 18,24,356 | 18,07,789 | | Balance in UCO Bank-Savings A/C No. 261025 | 17,10,322 | 34,76,091 | | | 4,88,63,213 | 4,25,47,314 | | Provident Fund Loan | (87,445) | 4,41,109 | | Amount Receivable from Sundry Debtors | 17,96,803 | 8,19,375 | | Cash Balance | 4,800 | 4,800 | | Amount Receivable from Welfare Fund | 4,79,908 | 0.00 | | (II) | 5,10,57,279 | 4,38,12,598 | +-----------------------------------------+--------------------+--------------------+ | Gratuity Fund Investment | | | | Special Deposit with UCO Bank | 3,18,433 | 3,18,433 | | Fixed Deposit with Canara Bank | 19,22,872 | 18,26,050 | | Fixed Deposit with UCO Bank | 1,55,43,787 | 1,46,58,983 | | Accrued Interest on FDRs | 6,12,381 | 10,37,465 | | Balance in UCO Bank-Savings A/C 440 | 22,75,059 | 30,696 | | | 2,06,72,532 | 1,78,71,627 | | Add: Amount Receivable as Acturial Report and TDS Receivable | 28,78,276 | 17,94,144 | | (III) | 2,35,50,808 | 1,96,65,771 | +-----------------------------------------+--------------------+--------------------+ | Pension Fund Investment | | | | Fixed Deposit with Syndicate Bank | 0.00 | 1,42,48,241 | | Fixed Deposit with Central Bank | 85,26,028 | 81,52,493 | | Fixed Deposit with Canara Bank | 12,54,90,673 | 10,10,86,223 | | Fixed Deposit with UCO Bank | 2,55,45,093 | 2,49,26,304 | | Accrued Interest on FDRs | 76,35,078 | 44,17,280 | | Balance in Canara Bank-Savings A/C No. 19116 | 17,45,763 | 29,11,476 | | | 16,89,42,634 | 15,57,42,018 | | Add: Amount Receivable as Acturial Report and TDS Receivable | (78,718) | (34,15,363) | | (IV) | 16,88,63,916 | 15,23,26,655 | +-----------------------------------------+--------------------+--------------------+ | Total (A) = [(I)+(II)+(III)+(IV)] | 54,73,76,112 | 48,91,51,385 | | Continue...... | | | +-----------------------------------------+--------------------+--------------------+ ...Continue from previous page +-----------------------------------------+--------------------+--------------------+ | | As At | As At | | | March 31, 2023 | March 31, 2022 | | | R | R | +=========================================+====================+====================+ | (B) Against Earmarked Liabilities | | | | For Legal Education | | | | (Inspection Fees Received in Advance) | | | | Central Bank | 67,19,001 | 64,24,635 | | Canara Bank | 6,23,35,906 | 6,05,69,937 | | UCO Bank | 4,20,36,353 | 4,17,02,034 | | State Bank of India | 6,44,59,800 | 6,24,34,560 | | Indian Bank | 1,33,62,573 | 1,30,87,098 | | | 18,89,13,633 | 18,42,18,264 | | Add/(Less): Unallocated to Legal Education | 46,39,91,367 | 46,86,86,736 | | FDR Investment (Sch-8) | | | | (I) | 65,29,05,000 | 65,29,05,000 | +-----------------------------------------+--------------------+--------------------+ | For Security Deposit from Law Colleges (Affiliation) | | | | Canara Bank | 19,11,69,878 | 18,17,28,168 | | Central Bank | 1,67,27,626 | 1,59,94,769 | | UCO Bank | 7,86,80,765 | 7,72,55,884 | | State Bank of India | 2,28,70,575 | 1,86,88,232 | | Indian Bank | 2,77,25,539 | 2,77,25,539 | | | 33,71,74,383 | 32,13,92,592 | | Add/(Less): Unallocated to Security Deposit | 1,20,75,617 | 2,07,408 | | from Law Colleges (Sch-8) | | | | (II) | 34,92,50,000 | 32,16,00,000 | +-----------------------------------------+--------------------+--------------------+ | Total(B) = [(I)+(II)] | 1,00,21,55,000 | 97,45,05,000 | | Grand Total (A)+(B) | 1,54,95,31,112 | 1,46,36,56,385 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-8 OTHER INVESTMENTS +-----------------------------------------+--------------------+--------------------+ | Fixed Deposits with Banks for the Bar Council of India | | | +=========================================+====================+====================+ | Central Bank | 1,03,99,757 | 1,02,21,400 | | Canara Bank | 2,53,43,80,842 | 1,89,28,15,196 | | UCO Bank | 90,56,66,459 | 91,75,92,681 | | Syndicate Bank | 0.00 | 19,04,82,450 | | State Bank of India | 72,21,31,614 | 75,29,67,629 | | Indian Bank | 5,29,91,003 | 5,29,91,003 | | | 4,22,55,69,675 | 3,81,70,70,359 | | Add/(Less): Transfer to FDR Against Legal Education (Sch-7B) | (46,39,91,367) | (46,86,86,736) | | Add/(Less): Transfer to FDR Against Security Deposit (Sch-7B) | (1,20,75,617) | (2,07,408) | +-----------------------------------------+--------------------+--------------------+ | Total | 3,74,95,02,691 | 3,34,81,76,215 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-9 CURRENT ASSETS +-----------------------------------------+--------------------+--------------------+ | | As At | As At | | | March 31, 2023 | March 31, 2022 | | | R | R | +=========================================+====================+====================+ | (A) Interest Accrued on Investments | 29,22,30,984 | 21,30,23,233 | +-----------------------------------------+--------------------+--------------------+ | Total (A) | 29,22,30,984 | 21,30,23,233 | +-----------------------------------------+--------------------+--------------------+ | (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 | 1,80,965 | 1,83,704 | | Bank Balances: | | | | Canara Bank-31050 | 5,81,89,802 | 4,04,28,765 | | UCO Bank -132 | 1,09,39,023 | 7,93,552 | | Canara Bank-31065 (Legal Education) | 21,66,150 | 18,66,090 | | Canara Bank 31467(AIBE) | 54,863 | 54,803 | | Canara Bank 06781 | 8,89,457 | 8,64,125 | | Canara Bank 06816 | 5,50,15,990 | 1,11,30,285 | | Syndicate Bank 24171010000239 Building (Grants) | 2,47,104 | 2,47,399 | | Syndicate Bank 24171010000258 (DLE) | 1,28,464 | 1,28,434 | | Syndicate Bank - 24171010000296 | 28,23,109 | 28,23,079 | | Syndicate Bank-24172010005591 | 30,90,034 | 30,02,061 | | SBI C/A 32718588024 (AIBE) | 5,81,458 | 7,51,488 | | SBI Collection A/C-32956278428 (ΑΙΒΕ) | 8,702 | 9,351 | | Indian Postal | 40 | 0.00 | | HDFC- Noida S.B A/c. 50100255040680(AIBE) | 5,03,699 | 5,04,383 | | In SB A/C with Scheduled Banks in Different States | 24,64,44,903 | 19,93,60,440 | +-----------------------------------------+--------------------+--------------------+ | Total (C) | 38,12,63,763 | 26,21,47,959 | +-----------------------------------------+--------------------+--------------------+ | (D) Amount Receivable | | | | From Staff | 21,739 | 21,739 | | From State Bar Councils | 81,314 | 81,314 | | Sundry Debtors- BCIT | 56,50,307 | 56,50,307 | | Sundry Debtors- BCIT Pearl First | 1,58,50,000 | 1,58,50,000 | | Advance Pension Fund Deposited | 1,20,979 | 37,73,101 | | Advance Salary | 4,88,959 | 0.00 | +-----------------------------------------+--------------------+--------------------+ | Total (D) | 2,22,13,298 | 2,53,76,461 | +-----------------------------------------+--------------------+--------------------+ | Grand Total (A)+(B)+(C)+(D) | 69,61,88,479 | 50,10,28,087 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-10 LOANS & ADVANCES +-----------------------------------------+--------------------+--------------------+ | | Year ended | Year ended | | | March 31, 2023 | March 31, 2022 | | | R | R | +=========================================+====================+====================+ | Loan to Staff | 1,07,19,685 | 90,26,641 | | (Housing, Marriage, Education & Others) | | | | Advances Recoverable | 1,09,26,776 | 6,84,45,840 | | Prepaid Expenses | 0.00 | 6,000 | | Security Deposits for Electricity & Others | 12,30,417 | 12,30,417 | | Security Deposit - University | 1,02,00,000 | 0.00 | | Security Deposit - Hostel | 3,15,000 | 0.00 | | Advance Rent- JJJk Trust | 3,60,836 | 3,60,836 | | Amount Recoverable- JJJK Trust | 69,086 | 69,086 | | TDS Recoverable-Income Tax Department | 1,97,97,615 | 1,70,77,931 | | Advance for demand (FY 2015-16) - Pre deposit | | | | Income Tax | 50,26,400 | 50,26,400 | | Advance TDS | 9,348 | 0.00 | +-----------------------------------------+--------------------+--------------------+ | Total | 5,86,55,164 | 10,12,43,151 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-11 ENROLMENT AND OTHER FEES +-----------------------------------------+--------------------+--------------------+ | | | | +=========================================+====================+====================+ | (A) Fees From Advocates | | | | Enrolment Fees | 4,83,94,408 | 4,73,34,944 | | Membership Transfer Fees | 28,48,000 | 20,85,352 | | Resumption of Practice Fees | 3,02,825 | 2,52,800 | +-----------------------------------------+--------------------+--------------------+ | Total (A) | 5,15,45,233 | 4,96,73,096 | +-----------------------------------------+--------------------+--------------------+ | (B) Other Fees | | | | Disciplinary Proceeding Fees | 4,07,430 | 2,39,390 | | Examination Revision Fees | 2,89,625 | 1,98,910 | | Application Fees for Legal Education Forms | 5,01,83,278 | 4,63,93,431 | | Legal Education Regularistion Fees from Law Colleges | 3,31,60,000 | 1,09,00,000 | +-----------------------------------------+--------------------+--------------------+ | Total (B) | 8,40,40,333 | 5,77,31,731 | +-----------------------------------------+--------------------+--------------------+ | Grand Total (A)+(B) | 13,55,85,566 | 10,74,04,827 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-12 ΕΧΑΜΙNATION FEES +-----------------------------------------+--------------------+--------------------+ | | | | +=========================================+====================+====================+ | All India Bar Examination Fees-XVI | 0.00 | 20,73,38,225 | | Rechecking Fees | 0.00 | 1,400 | | Foreign Examination Test Fees | 48,55,003 | 34,30,001 | +-----------------------------------------+--------------------+--------------------+ | Total | 48,55,003 | 21,07,69,626 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-13 INTEREST +-----------------------------------------+--------------------+--------------------+ | | As At | As At | | | March 31, 2023 | March 31, 2022 | | | R | R | +=========================================+====================+====================+ | Interest on Fixed Deposits | 21,98,51,970 | 19,50,41,771 | | Interest on Savings Bank A/c | 12,76,960 | 24,06,239 | | Interest on Savings Bank (Enrollment) | 55,70,799 | 44,49,856 | | Interest on Loans & Advances (Staff) | 4,98,404 | 6,04,753 | | Interest on Income Tax Refund | 6,98,810 | 2,06,701 | +-----------------------------------------+--------------------+--------------------+ | Total | 22,78,96,944 | 20,27,09,321 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-14 OTHER INCOME +-----------------------------------------+--------------------+--------------------+ | | | | +=========================================+====================+====================+ | Other Miscellaneous Income | 7,83,489 | 6,88,352 | +-----------------------------------------+--------------------+--------------------+ | Total | 7,83,489 | 6,88,352 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-15 EMPLOYEE BENEFIT EXPENSES +-----------------------------------------+--------------------+--------------------+ | | | | +=========================================+====================+====================+ | Salaries Expenses | 4,18,63,571 | 3,66,03,466 | | Council Contribution to Pension Fund A/c | 1,47,92,488 | 1,16,63,826 | | Council Conribution to Gratuity Fund A/c | 28,78,276 | 26,39,722 | | Leave Encashment | 41,14,749 | 23,03,204 | | Medical Allowance | 19,05,727 | 22,84,266 | | Mediclaim Insurance | 11,04,979 | 11,81,333 | | Council Contribution to Provident Fund A/c | 12,38,837 | 8,10,517 | | Assistant Allowance | 7,72,990 | 3,67,960 | | Conveyance Allowance | 0.00 | 1,48,360 | | Leave Travel Concession | 4,09,129 | 1,00,871 | | Children Education Allowance | 9,49,802 | 0.00 | +-----------------------------------------+--------------------+--------------------+ | Total | 7,00,30,548 | 5,81,03,525 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-16 ESTABLISHMENT & OTHER EXPENSES +-----------------------------------------+--------------------+--------------------+ | | Year ended | Year ended | | | March 31, 2023 | March 31, 2022 | | | R | R | +=========================================+====================+====================+ | Promotion of Legal expenses | 14,00,00,000 | 19,00,00,000 | | Legal & Professional expenses | 25,06,521 | 50,54,874 | | Miscellaneous Expenses | 27,88,115 | 41,26,209 | | General Repairs & Maintenance | 23,50,133 | 40,21,547 | | Water & Electricity | 32,17,619 | 30,43,269 | | Printing & Stationery | 1,05,59,588 | 17,49,206 | | Postage, Telegram & Telephone | 16,56,156 | 14,30,735 | | Bank Charges | 3,62,646 | 10,37,390 | | Conveyance | 18,54,927 | 10,09,115 | | Security Charges | 6,31,861 | 4,46,040 | | Repair & Maintenance | 5,67,300 | 4,37,702 | | Auditors Remuneration | 3,83,500 | 3,24,500 | | Insurance Premium | 1,49,882 | 89,580 | | Periodical & Journal | 14,105 | 12,834 | | Advertisement Expenses | 17,98,353 | 0.00 | | Rates & Taxes | 1,60,123 | 0.00 | | Rent (IILUER) | 1,22,23,500 | 0.00 | | Brokerage (ILLUER) | 1,05,000 | 0.00 | | Trainig Programme - Expenses | 3,82,446 | 0.00 | | Expenses for IILUER at Goa | 5,21,11,467 | 0.00 | | Interst on TDS | 4,950 | 0.00 | | Inaugural Ceremony of ILLUER - Goa | 1,15,33,131 | 0.00 | | Refreshment | 1,97,051 | 0.00 | +-----------------------------------------+--------------------+--------------------+ | Total | 24,55,58,373 | 21,27,83,000 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-17 EXPENSES ON COUNCIL'S ACTIVITIES AND MEETINGS +-----------------------------------------+--------------------+--------------------+ | | Year ended | Year ended | | | March 31, 2023 | March 31, 2022 | | | R | R | +=========================================+====================+====================+ | (A) Travelling & Meeting Expenditure | | | | Travelling - Council | 4,41,98,889 | 3,50,51,111 | | Travelling Council - Goa | 78,92,207 | 0.00 | | Travelling - Disciplinary Committee Meeting | 1,10,39,290 | 35,04,789 | | Travelling - Inspection | 1,23,89,042 | 61,96,747 | | Travelling - Legal Education Meeting | 29,26,694 | 22,93,438 | | Meeting Expenses | 1,14,09,503 | 88,39,407 | | Guest Room Expenditure | 6,73,188 | 0.00 | +-----------------------------------------+--------------------+--------------------+ | Total (A) | 9,05,28,813 | 5,58,85,491 | +-----------------------------------------+--------------------+--------------------+ | (B) Other Expenses | | | | Contribution/ Financial Assistance To State Bar Council | 20,00,000 | 0.00 | | Conference, Seminar & Workshop Expenses | 1,24,49,570 | 6,31,590 | | Felicitation Expenses | 58,24,899 | 24,23,725 | | Subscription to IBA/IIC | 3,64,917 | 91,450 | +-----------------------------------------+--------------------+--------------------+ | Total (B) | 2,06,39,386 | 31,46,765 | +-----------------------------------------+--------------------+--------------------+ | Grand Total (A+B) | 11,11,68,200 | 5,90,32,256 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-18 ΕΧΑΜΙNATION EXPENSES +-----------------------------------------+--------------------+--------------------+ | | | | +=========================================+====================+====================+ | All India Bar Examination XV | 9,05,45,890 | 0.00 | | All India Bar Examination XV | 0.00 | 3,68,85,630 | | Foreign Examination Expenses | 0.00 | 9,500 | +-----------------------------------------+--------------------+--------------------+ | Total | 9,05,45,890 | 3,68,95,130 | +-----------------------------------------+--------------------+--------------------+ SCHEDULE-19 ACCOUNTING POLICIES & NOTES TO ACCOUNTS [THE YEAR ENDED 31ST MARCH, 2023] A 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. B (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) The fee received for registration for Web Portal will be recognised once the Web Portal would become operational. (b) 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. (c) 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 | Demand | Demand | | No. | | Year | Code | which | Outstanding as at | Outstanding as at | | | | | | demand | 31-03-2023 | 31-03-2022 | | | | | | raised | (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 (order No.1 of 1965-66). 3. Balance of Inspection Fees received in Advance from Law Colleges /Institution for R 65,29,05,000/- and Security Deposit from affiliated Institutions of R 34,92,50,000/- 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 19 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 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 SRIMANTO SEN, Secy. [ADVT.-III/4/Exty./124/2024-25]