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USE OF SINKING FUND

    Home Housing Society By-Laws USE OF SINKING FUND
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    USE OF SINKING FUND

    By admin | Housing Society By-Laws, Sinking Fund in Housing Society | 0 comment | 20 December, 2020 | 0

    HOUSING SOCIETY CAN DECIDE ON USE OF SINKING FUND – 4th Dec, 2020 TIMES OF INDIA – MUMBAI PAGE 5

    Prior to 2014, housing societies have to approach co-operative department to get permission to use the sinking fund deposited in banks for societies major repair work. Even after the approval of AGM, socities need get this additional permission from registrar office.

    However the amendment has given rights to society to use the funds of Sinking fund for societies repair works. Society’s now need to go to co-operative department to get the money out of the bank against the Sinking fund.

    Accounting of housing Society, Bye Laws for Co-operative Housing Society in Maharashtra, GST on Housing Society, GST Software Housing Society, Housing Society Accounting, Housing Society Accounting Software, Housing Society Management Software, Sinking Fund For Housing Society, Society Billing Software

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