Clause 19
Amendment of section 75
of Legal Profession (Amendment) Bill
BillNot in forceProvision 19 of 34
Clause 19
Section 75 of the principal Act is amended by deleting subsection (10) and substituting the following subsection:“(10) The Council may, in its discretion, transfer from the Fund the whole or any part of the interest, dividends and other accretions of capital arising from the Fund —
(a)
to any other fund of the Society for —
(i)
the purpose of purchasing or maintaining a library for the use of the members of the Society; or
(ii)
such purposes as the Minister may specify by notification in the Gazette; or
(b)
to any wholly-owned subsidiary of the Society, for such purposes as the Minister may specify by notification in the Gazette.”.