1) Sinking Fund may be used by the society for the reconstruction of its building or carrying out strucatural additions or alteration to strenthen the building as per the opinion of the society’s Architect. 2) Such heavy repair which is being certified by society’s Architect should be approved in General Body Meeting. 3) There isRead more
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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 getRead more