The Fund of the Association.

1. All sums received by or on behalf of the Association.

The property of the Association shall consist of :

1. All property received or acquired by or on behalf of the Association Acquisition the funds and property of the Association.
2. All funds and properties of the Association shall be under the direct control and management of the Association and shall be acquired, maintained and disposal of in accordance with these Rules or Bye-laws in furtherance of the objects of the Association.
3. No Members of the Association shall on ceasing to be a Member of the Association, have any right to or claim upon any fund or property of the Association, or to the use of such property.

1. The Treasurer shall cause to be kept an account of all receipts and disbursement made by or on behalf of the Association during the year.
2. The Accounts shall be audited, once every year, by a qualified Auditor, appointed as the Annual General Meeting or failing such appointment by any other General Meeting of the Association. Audited Annual Accounts shall be presented at the Annual General Meeting.
3. The Account kept and audited in accordance with Rule 49 shall be submitted, along with the Audit Report and the Budget to the Annual General Meeting of the Association.

The Association may at a General Meeting specially convened for the purpose, of which fourteen days notice has been given, by a resolution adopted by a majority of not less than two thirds of the Ordinary Members of the Association present and voting by secret ballot expel an Ordinary Member on any of the following grounds :-

1. Professional misconduct,
2. Conviction for an office involving moral Turpitude, or
3. Gross Misconduct unbecoming of the Member of the Bar.

Provided that notice of the Meeting of shall be given to the member concerned and he shall be entitled to be heard before any decision is taken by the Association.

Any member of the Association who shall be guilty of continued infraction of the Rules herein contained or of any Bye-laws made there under, shall be liable to expulsion by a vote of the majority of the members present at a General Meeting of the Association specially convened for the purpose in accordance with Rule 51.

Subject to these Rules the Governing Council may, from time to time, frame Bye-Laws for the purpose of carrying out the objects or regulating the activities of the Association. The Bye-Laws framed shall not be effective till they have been approved by the General Body of the Association.

None of these Rules shall be altered or modified or rescinded nor shall any new rule be framed unless they have received the assent of two-thirds of the Members present and voting, by secret ballot, at a General Meeting convened for the purpose and be subjected to approval by "Bar Council" and be thereafter got inserted in the Rules with the Registrar, Chits Funds Societies.

The Meetings of the Annual General Body of the Associate will be conveyed at least a month before the expiry of the term of the Officer Bearers and shall fix a date for Election.

The Elders Committee will act as Panel of the Returning Officers to hold Election and be entitled to include any other Member of the Association, provided one is not contesting the Election and the result of the Election shall be declared in the Meeting of the General Body, so convened by the Elders Committee.

In order to meet the heavy burden of expenditure of the Bar Association, the Elders Committee will also fix security money for various posts, which shall not be refundable after the nomination is filed and found valid only Ordinary Members, who have put in 3 years of continuous Membership will be entitled to vote and participate in the Election provided their subscription is paid till before the month in which Annual General Body Meeting is fixed.

The person, who has held office twice, will not be entitled to contest the Elections in sequence, however, he can re-contest after a gap of one year.